Why China Devalued Its Currency on Purpose (And What It Gained)

Transcript

Most people think when a currency is weak,  it’s a sign the country behind it is weak. That’s the story we’re told in the West: strong  nations have strong currencies, weak nations have worthless money. But what if that’s wrong? What  if keeping your currency weak is not an accident, but a strategy? China did exactly that. For  decades, it delibera... Read More