1. Why was the value of China's currency a dominant issue at the recent U.S. - China summit? Why is the United States pushing for a higher renminbi?  Why is China reluctant to allow its currency to appreciate?
2. Reflect on how policy decisions made in China affect the strategies of U.S. companies. What does this imply about the interdependency of the global monetary systems and economy in general?

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The value of Chinas currency the renminbi RMB was a dominant issue at the recent USChina summit due ... View the full answer