This question has to do with China and their exchange rate regime. China has a fixed rate regime and America and almost all of the developed world has a flexible exchange rate regime. Has a fixed rate regime been good for the Chinese economy and Chinese workers? Has their fixed rate regime been bad for the US economy? What about for the American workers? Also, has the Chinese fixed rate regime been bad for the Chinese consumers, if so, how?
answer in 4 paragraphs
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