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China is able to make its exports cheaper because it manipulates its currency such that its products are shown at a lower price.
China manipulates its currency to ensure that the U.S. Dollar is stronger. This means that U.S. goods are considered more expensive because they are in the stronger currency.
With China's currency being weaker, it is able to convince people that its exports are cheaper which then leads to more people buying it.
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Answer:
Mr. Bartlett believes that the United States has lost jobs because of China’s
currency manipulation.
The yuan is the currency China uses to trade with other countries.
China keeps its currency cheaper by 40 percent. Therefore, if US firms sell a product for $1, China’s currency manipulation results in the product being sold for 60 cents.
This manipulation makes China’s exports cheaper.
The United States is not cracking down on China’s manipulation because
the Chinese government purchases US debt.
Explanation:
I just did this in Plato. Glad to help.