Chinese currency manipulation has come under attack by Congress. The US claims the Chinese currency is undervalued causing the US goods to be expensive. This has allowed Chinese economy to grow through its exports while damaging the US economy. Is this another plot by the US to shift blame to China instead of facing its problems head on?Beijing has declined these claims and stated it's not responsible for huge US trade deficits. Some economists claim yuan is undervalued by as much as 40%. You're welcome to share your thoughts.
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