Will taking Mandarin Chinese as a foreign language increase my chances of college admission?

I am a sophomore in high school and I would really love to get into NYU, so if I take Mandarin Chinese as a foreign language, will that increase my odds of admission? My other options are: German, French and Spanish. Because China is an emerging economic power, and it seems very unique for an American student to know that language, will it work in my favor?

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