If Chinese currency is really undervalued
By Corey Wagner,2014-10-01 07:36
Is Chinese currency really undervalued?
I support that Chinese currency is not undervalued.
To tell you why, I should introduce the theory of purchasing power parity (PPP)
first. PPP is generally considered the definition of what exchange rates ideally should
be. Purchasing power parity exchange rate is simply the rate that equalizes that
price of t..