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There has been discussion in the U.S. Congress since 2014 that the Chinese Government has been manipulating its currency – the Yuan – to favor imports flow from China to the United States. The value of the Yuan to the U.S. dollar has ranged from 7.02 Yuan/$1.00 U.S. in 2019 to 6.2 Yuan/$1.00 in 2014, which signifies a devaluation of the Yuan versus the U.S. dollar. Conversely, the ratio of U.S. GNP to the Chinese GNP has ranged from 1.7 U.S./China in 2014 to 1.5 U.S./China in the relative size of GNP, which indicates the Chinese Yuan should be much closer in relative value to the U.S. dollar. The larger value disparity favors Chinese exports to the U.S. and mitigates U.S. exports to China, leading to large trade imbalances for the U.S. The first step in the assignment is to develop an annual chart for the values of the U.S. dollar and the Chinese Yuan and the GNP of China and the GNP of the United States. Conduct a literature review to assess if you concur or disagree with the perception that China manipulates its currency to favor its trade exports at the expense of the U.S.
Length: 5-7 pages, not including the title page and reference page.
References: Include a minimum of 5 scholarly resources

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