The Chinese Central Bank recently set the official exchange rate be...

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The Chinese Central Bank recently set the official exchange rate between the US Dollar (USD) and the Chinese Yuan at 6.9 Yuan to the dollar. This new rate makes it possible for Americans to purchase more Yuan than before the change in exchange rates, using the same amount of USD.

What is the likely effect regarding the attractiveness of Chinese goods to American consumers? How would this move affect Chinese consumers?

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If one USD can purchase more Yuan, it means it can purchase more goods made in China, which in turn means Chinese goods become cheaper and therefore more attractive for American consumers....
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