Why is the value of the yuan relative to the dollar so important

business

Description

Why is the value of the yuan relative to the dollar so important? If you were the CEO of Wal-Mart and were preparing for a meeting with the most vocal members of the US Congress on China’s currency “manipulation,” what would you say to them? Assuming that the yuan will appreciate further against the dollar, what should Wal-Mart do? If you were an exporter from Argentina, Indonesia, Malaysia, or South Korea and selling to China, would you accept payment in yuan (instead of dollars)?


Related Questions in business category


Disclaimer
The ready solutions purchased from Library are already used solutions. Please do not submit them directly as it may lead to plagiarism. Once paid, the solution file download link will be sent to your provided email. Please either use them for learning purpose or re-write them in your own language. In case if you haven't get the email, do let us know via chat support.