In mid-2017, a headline in the Wall Street Journal stated, Chinas Yuan Makes Biggest Leap in Five
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In mid-2017, a headline in the Wall Street Journal stated, “China’s Yuan Makes Biggest Leap in Five Months.” Was this good news or bad news for firms such as Apple and Yum Brands (which owns KFC and Pizza Hut) that have stores or restaurants in China? Briefly explain.
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