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dismalscience
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Why does a currency devaluation make a country more attractive for foreign direct investment?

The author of this article says "[the devaluation of the yuan] may also have impact on [foreign direct investment (FDI)] if China becomes a more attractive destination vis-a-vis India". Why is this?

I understand that the following sentence then says "investors would go there where with the exchange rate he will get more kick for his dollar", but what makes China a more attractive destination for FDI than India following the devaluation of the yuan?

Razorlance
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