Read the excerpt from article ‘China rushes to pull back the yuan from a three-year high’ below link and answer the question that follows.https://www.cnbc.com/2021/06/03/china-sets-yuan-rmb-weaker-vs-us-dollar-for-first-time-in-a-week.htmlIn less than 800 words, evaluate the pros and cons of renminbi appreciation from China’s perspectives and discuss the underlying factors that affect a country’s exchange rate.For the content of the answer, please correspond to PPT-unit 4 in the attachment.
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