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1. What is pegged exchange rate? Why is Chinese pegged exchange rate before 2004 helping their trade imbalance with U.S.. (China has a limited floating

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1. What is pegged exchange rate? Why is Chinese pegged exchange rate before 2004 helping their trade imbalance with U.S.. (China has a limited floating rate system now.) 2. What is floating exchange rate? 3. Why is China buying U.S. Treasury securities

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