An industrial giant like China is highly strategic when it comes to macroeconomic decisions. China doesn’t follow trends or implement policies without assessing their long-term benefits. Its economic policies are carefully crafted to ensure that they align with national goals and strengthen its competitive edge in global markets.
One such decision was China's devaluation of the yuan in 2019, which sparked global debate and raised questions about currency devaluation as an economic tool for developing countries lik
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