Eli5 Why is the value of the Chinese Yuan small compared to other countries (excluding US) even though it has the second largest economy in the world?

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Eli5 Why is the value of the Chinese Yuan small compared to other countries (excluding US) even though it has the second largest economy in the world?

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Anonymous 0 Comments

Two words: currency manipulation
China has the highest dollar reserves in the world.
It can swing the peg anyway it desires.
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