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China's Currency Policy - An Analysis of the Economic Issues (Paperback)
Loot Price: R359
Discovery Miles 3 590
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China's Currency Policy - An Analysis of the Economic Issues (Paperback)
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Loot Price R359
Discovery Miles 3 590
Expected to ship within 10 - 15 working days
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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.
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