Topic: The Finance Manager and Global Considerations

Most people unwittingly purchase many imported goods. It might be an interesting exercise to check your recent purchases to see how many items include a "Made in China" tag. The U.S. has long criticized Beijing's policymakers for keeping the yuan (Chinese currency) artificially cheap to give Chinese exports an unfair advantage in global markets.

• Explain how China has been able to devalue their currency. The more specific your explanation, the better.