We were watching a documentary today in Cultural Geography class (a college course) about China, Taiwan, and international trade. In the documentary, it was being said that the Chinese bring home miniscule wages each day in terms of US dollars, and yet they live on it, pretty much, just fine. To me, this implies that the US dollar is worth more than the Chinese Yuan. But, in all my three college economics courses, I have been taught that the value of a nation's currency is more or less determined by international demand for their exports. So, with all the exports coming from China, why is their money still worth less than ours?
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