Question
State what happens to the value of Chinese Yuan Renminbi (i.e. whether it Increases, decreases or not affected) relative to the value of other countries'
State what happens to the value of Chinese Yuan Renminbi (i.e. whether it Increases, decreases or not affected) relative to the value of other countries' currencies for each of the situations below:
No.
Situations Implications
a.
USA increases import tax on multiple products from China.
b.
Political unrest in Hong Kong reduces the
number of tourist arrivals and other economic activities.
c.
Citizens of China like to spend the holidays overseas.
d.
China's medium-sized business have started to invest directly in
other Asian countries including in Malaysia and Vietnam.
e.
USA government bans all its agencies from dealing with Huawei.
The government also encourages its European counterparts to do the same.
f.
China has trade surplus with most countries in the world.
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