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Fact-Checking the First Debate Live
Economy • Hillary Clinton on Jobs: Mr. Trump said China is “devaluing their currency” to gain an economic advantage. This is an outdated accusation. Countries that hold down the value of their currency can sell goods in other countries more cheaply. And many economists see evidence that China suppressed the value of its currency for years, contributing to its rise as an industrial power. But in recent years, China has sought to stabilize and even increase the value of its currency, part of a broader shift in its economic policies. There is no evidence that China is presently engaging in currency devaluation. ... (full story)
