The Chinese government is attempting to drive Chinese exports and protect jobs by:

Question

Quizplus · Accepted Answer

By undervaluing the Chinese yuan, the Chinese government can make its exports cheaper and more competitive internationally, which can help protect jobs in export industries. This strategy does not involve allowing the yuan to float freely or overvaluing it, as those actions could have the opposite effect. Reducing the price differential between Chinese goods and foreign goods is a goal achieved through undervaluing the yuan.

The Chinese Government Is Attempting to Drive Chinese Exports and Protect