CHINESE IS DECREASING VALUE OF ITS CURRENCY YUAN
China is facing lot of problems economically due to USA China trade war in order to keep their export lucrative and hi China is degrading there currency value Yuan because of yyuan currency increasing as compared to $ lot of other countries will face problem but for India it is good thing because India is importing more products from China and their prices will decrease and this benefit will ultimately go to the consumers
Electronic pharmaceutical and other industries will directly get benefit due to to decrease in price aur value of currency of China Yuan
Now Indian currency will become stronger compared to Chinese currency Yuan and we can purchase more products in hundred rupees as compared to last year
But the condition is government of India should not put tax on purchasing Yuan Chinese currency
It is reported that yuan price or value Chinese currency value has been decreased by 4% in 2019
China is using Chinese currency as a tool to fight against USA America trade war
India imported 17 billion dollar products from China Wall China exported 70 million dollar products to India so whenever there is is decrease in value of Chinese currency Yuan India will be benefited more
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