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Why was the value of China's currency a dominant issue at the recent U.S. - China summit? Why is the United States pushing for a

  1. Why was the value of China's currency a dominant issue at the recent U.S. - China summit? Why is the United States pushing for a higher renminbi?  Why is China reluctant to allow its currency to appreciate?
  2. Reflect on how policy decisions made in China affect the strategies of U.S. companies. What does this imply about the interdependency of the global monetary systems and economy in general?

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