China’s Currency: An Analysis of the Economic Issues - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook China’s Currency: An Analysis of the Economic Issues write by . This book was released on 2007. China’s Currency: An Analysis of the Economic Issues available in PDF, EPUB and Kindle. Many Members of Congress charge that China's policy of accumulating foreign reserves (especially U.S. dollars) to influence the value of its currency constitutes a form of currency manipulation intended to make its exports cheaper and imports into China more expensive than they would be under free market conditions. They further contend that this policy has caused a surge in the U.S. trade deficit with China and has been a major factor in the loss of U.S. manufacturing jobs. Although China made modest reforms to its currency policy in 2005, resulting in a modest appreciation of its currency, many Members contend the reforms have not gone far enough and have warned of potential legislative action. This report summarizes the main findings in CRS Report RL32165, China's Currency: Economic Issues and Options for U.S. Trade Policy, by Wayne M. Morrison and Marc Labonte, and will be updated as events warrant.
China's Currency Policy: an Analysis of the Economic Issues
China's Currency Policy: an Analysis of the Economic Issues - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook China's Currency Policy: an Analysis of the Economic Issues write by Wayne Morrison. This book was released on 2012-12-27. China's Currency Policy: an Analysis of the Economic Issues available in PDF, EPUB and Kindle. China's policy of intervening in currency markets to limit or halt the appreciation of its currency, the renminbi (RMB), against the U.S. dollar and other currencies has become an issue of concern for many in Congress. Critics charge that China's currency policy is intended to make its exports significantly less expensive, and its imports more expensive, than would occur if the RMB were a freely-traded currency. They contend that the RMB is significantly undervalued against the dollar and that this has been a major contributor to the large annual U.S. trade deficits with China and the loss of U.S. jobs in recent years. Several bills have been introduced the 112th Congress that seek to address the effects of undervalued currencies (which are largely aimed at China), including H.R. 639, S. 328, S. 1130, S. 1267, and S. 1619 (which passed the Senate on October 11, 2011). On the other hand, some analysts contend that China's industrial policies, its failure to adequately protect U.S. intellectual property rights, and its unbalanced economic growth model, pose more serious challenges to U.S. economic interests than China's currency policy. Some U.S. business groups have also expressed concern that U.S. currency legislation could aggravate U.S.- China commercial ties.
China's Currency: A Summary of the Economic Issues
China's Currency: A Summary of the Economic Issues - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook China's Currency: A Summary of the Economic Issues write by . This book was released on 2007. China's Currency: A Summary of the Economic Issues available in PDF, EPUB and Kindle. Many Members of Congress charge that China's policy of accumulating foreign reserves (especially U.S. dollars) to influence the value of its currency constitutes a form of currency manipulation intended to make its exports cheaper and imports into China more expensive than they would be under free market conditions. They further contend that this policy has caused a surge in the U.S. trade deficit with China and has been a major factor in the loss of U.S. manufacturing jobs. Although China made modest reforms to its currency policy in 2005, resulting in a modest appreciation of its currency, many Members contend the reforms have not gone far enough and have warned of potential legislative action. This report summarizes the main findings in CRS Report RL32165, China's Currency: Economic Issues and Options for U.S. Trade Policy, by Wayne M. Morrison and Marc Labonte, and will be updated as events warrant.
China's Currency
China's Currency - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook China's Currency write by Wayne M. Morrison. This book was released on 2010. China's Currency available in PDF, EPUB and Kindle. Report that provides an overview of the economic issues surrounding the current debate over China's currency policy. It identifies the economic costs and benefits of China's currency policy for both China and the United States, and possible implications if China were to allow its currency to significantly appreciate or to float freely. It also examines proposed legislation in the 111th Congress that seek to address China's currency policy.
China's Currency
China's Currency - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook China's Currency write by Wayne M Morrison. This book was released on 2006. China's Currency available in PDF, EPUB and Kindle. This report explores various aspects of the Chinese economy, including specific policies that some Members of Congress consider a form of currency manipulation, the U.S.-China economic relationship, and the state of the Chinese economy with respect to the current global economic crisis.
