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China's Currency Peg: A Summary of the Economic Issues

Description: This report evaluates that assertion, and considers other effects China’s peg has on the U.S. economy. These include the beneficial effects on consumption, interest rates, and investment spending. Nationwide, these effects should offset job loss in the trade sector, at least in the medium term. Several bills have been introduced in the 109th Congress to address China’s currency policy, including H.R. 1216, H.R. 1498, H.R. 1575, S. 14, S. 295, S. 377, and S. 593; some would impose trade sanctions against China unless it accepted a market-based system of currency valuation.
Date: April 25, 2005
Creator: Morrison, Wayne M. & Labonte, Marc
Partner: UNT Libraries Government Documents Department

China’s Holdings of U.S. Securities: Implications for the U.S. Economy

Description: This report examines the importance to the U.S. economy of China’s investment in U.S. securities, as well as U.S. concerns over the possibility that China might unload a large share of those holdings, the likelihood that this would occur, and the potential implications such action could have for the U.S. economy. The report concludes that a large sell-off of Chinese Treasury securities holdings could negatively affect the U.S. economy, at least in the short-run. As a result, such a move could diminish U.S. demand for Chinese products and thus could lower China’s economic growth as well. The issue of China’s large holdings of U.S. securities is part of a broader question that has been raised by many economists: What are the implications of the heavy U.S. reliance on foreign investment to maintain healthy economic growth and to finance the budget deficit?
Date: November 20, 2008
Creator: Morrison, Wayne M. & Labonte, Marc
Partner: UNT Libraries Government Documents Department

China's Currency: A Summary of the Economic Issues

Description: 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.
Date: March 17, 2006
Creator: Morrison, Wayne M. & Labonte, Marc
Partner: UNT Libraries Government Documents Department

Balkan Cooperation on War Crimes Issues: 2005 Update

Description: A combination of intensified international pressure and deadlines associated with Euro-Atlantic integration processes has prompted a spate of transfers of persons indicted for war crimes to the International Criminal Tribunal for the former Yugoslavia (ICTY) in The Hague in late 2004-early 2005. Full cooperation with The Hague tribunal has been established as a key prerequisite to further progress toward a shared long-term goal for the western Balkan countries: closer association with and eventual membership in the European Union (EU) and NATO. This report is updated as the number of individuals indicted for war crimes have been transferred to The Hague from Serbia, Kosovo, and Bosnia.
Date: June 9, 2005
Creator: Kim, Julie
Partner: UNT Libraries Government Documents Department

Balkan Cooperation on War Crimes Issues: 2005 Update

Description: A combination of intensified international pressure and deadlines associated with Euro-Atlantic integration processes has prompted a spate of transfers of persons indicted for war crimes to the International Criminal Tribunal for the former Yugoslavia (ICTY) in The Hague in late 2004-early 2005. Full cooperation with The Hague tribunal has been established as a key prerequisite to further progress toward a shared long-term goal for the western Balkan countries: closer association with and eventual membership in the European Union (EU) and NATO. This report is updated as the number of individuals indicted for war crimes have been transferred to The Hague from Serbia, Kosovo, and Bosnia.
Date: March 28, 2005
Creator: Kim, Julie
Partner: UNT Libraries Government Documents Department

China and Proliferation of Weapons of Mass Destruction and Missiles: Policy Issues

Description: Congress has long been concerned about whether U.S. policy advances the national interest in reducing the role of the People's Republic of China (PRC) in the proliferation of weapons of mass destruction (WMD) and missiles that could deliver them. China has taken some steps to mollify U.S. concerns about its role in weapons proliferation. Skeptics question whether China's cooperation in weapons nonproliferation has warranted President Bush's pursuit of stronger bilateral ties. This report discusses the national security problem of China's role in weapons proliferation and issues related to the U.S. policy response, including legislation, since the mid-1990s.
Date: October 2, 2006
Creator: Kan, Shirley A.
Partner: UNT Libraries Government Documents Department

China and Proliferation of Weapons of Mass Destruction and Missiles: Policy Issues

Description: Congress has long been concerned about whether U.S. policy advances the national interest in reducing the role of the People's Republic of China (PRC) in the proliferation of weapons of mass destruction (WMD) and missiles that could deliver them. China has taken some steps to mollify U.S. concerns about its role in weapons proliferation. Skeptics question whether China's cooperation in weapons nonproliferation has warranted President Bush's pursuit of stronger bilateral ties. This report discusses the national security problem of China's role in weapons proliferation and issues related to the U.S. policy response, including legislation, since the mid-1990s.
Date: October 19, 2006
Creator: Kan, Shirley A.
Partner: UNT Libraries Government Documents Department

China and the Global Financial Crisis: Implications for the United States

Description: Over the past several years, China has enjoyed one of the world's fastest growing economies and has been a major contributor to world economic growth. However, the current global financial crisis threatens to slow China's economy. China is a major economic power and holds huge amounts of foreign exchange reserves, and thus it could play a major role in responding to the current crisis. For example, in an effort to help stabilize the U.S. economy, China might boost its holdings of U.S. Treasury securities, which would help fund the Federal Government's purchases of troubled U.S. assets. However, this could raise a number of issues and concerns for U.S. policymakers.
Date: November 13, 2008
Creator: Morrison, Wayne M.
Partner: UNT Libraries Government Documents Department

China and the Global Financial Crisis: Implications for the United States

Description: Over the past several years, China has enjoyed one of the world's fastest growing economies and has been a major contributor to world economic growth. However, the current global financial crisis threatens to slow China's economy. China is a major economic power and holds huge amounts of foreign exchange reserves, and thus it could play a major role in responding to the current crisis. For example, in an effort to help stabilize the U.S. economy, China might boost its holdings of U.S. Treasury securities, which would help fund the Federal Government's purchases of troubled U.S. assets. However, this could raise a number of issues and concerns for U.S. policymakers.
Date: November 17, 2008
Creator: Morrison, Wayne M.
Partner: UNT Libraries Government Documents Department

Serbia and Montenegro: Current Situation and U.S. Policy

Description: Serbian strongman Slobodan Milosevic's long reign came to an end in October 2000, when he was deposed from power by a popular revolt after he refused to concede defeat in an election for the post of President of the Federal Republic of Yugoslavia (FRY) won by his opponent, Vojislav Kostunica. Organized crime, extremists within the Serbian military and security apparatus, and the links between them continue to pose a threat to Serbia's democratic development. The United States and other Western countries have sought to encourage Serbia and Montenegro's integration into Euro-Atlantic institutions. However, these efforts have been hampered by controversy over the future status of Serbia's Kosovo province, Serbia's failure to fully cooperate with the Yugoslavia war crimes tribunal, and Serbia's fitful progress in such areas as rule of law and military and security sector reform.
Date: June 21, 2006
Creator: Woehrel, Steven
Partner: UNT Libraries Government Documents Department

Serbia and Montenegro Union: Background and Pending Dissolution

Description: On May 21, 2006, Montenegro held a long-awaited referendum on independence. Serbia and Montenegro were the last remnants of the former Yugoslavia to exist in a common state. They formed a new, highly decentralized state union under an agreement brokered by the EU in 2002-2003, which allowed for either republic to hold a referendum after three years. Serbia's political leaders supported continuation of the union but recognized the referendum outcome. The impending dissolution of the Serbia and Montenegro union comes at the same time as the international community is conducting talks on the future status of Kosovo, a disputed province in Serbia.
Date: May 24, 2006
Creator: Kim, Julie
Partner: UNT Libraries Government Documents Department

Kazakhstan: Recent Developments and U.S. Interests

Description: Kazakhstan is an important power in Central Asia by virtue of its geographic location, large territory, ample natural resources, and economic growth, but it faces ethnic, political, and other challenges to stability. This report discusses U.S. policy and assistance. Basic facts and biographical data are provided. Related products include CRS Report RL33458, Central Asia: Regional Developments and Implications for U.S. Interests.
Date: June 20, 2008
Creator: Nichol, Jim
Partner: UNT Libraries Government Documents Department

Asian Financial Crisis: An Analysis of U.S. Foreign Policy Interests and Options

Description: The principal focus of this report is on the foreign policy ramifications of the Asian financial crisis and U.S. options for addressing them. This report tracks and analyzes the efforts of the most seriously affected Asian countries to deal with their economic and financial problems, and their interaction with the International Monetary Fund (IMF), the United States, and other major sources of financial support and policy advice. It also addresses the implications of the crisis for such U.S. interests as regional stability and the prevention of conflict, trade liberalization, and U.S. regional and global leadership, and discusses the principal factors that could influence the duration and severity of the crisis. A final section considers options for Congress in the context of various criticisms of the IMF’s stabilization programs and the operations of the Fund itself.
Date: April 23, 1998
Creator: Cronin, Richard P
Partner: UNT Libraries Government Documents Department

China: U.S. Economic Sanctions

Description: This report presents a history of U.S. economic sanctions imposed against the People's Republic of China for foreign policy reasons since 1949. It highlights sanctions that are currently active and details occasions on which those restrictions have been modified, waived or permanently lifted. The report provides citations for Presidential authority in current law and the Administration's issuance of regulations and administrative orders.
Date: October 1, 1997
Creator: Rennack, Dianne E
Partner: UNT Libraries Government Documents Department

Current U.S. Sanctions Against China

Description: In the months following China's 1989 Tiananmen Square crackdown, both the President and the Congress took a number of initiatives protesting Beijing's actions. These initiatives centered around U.S. concerns related to trade, human rights, and non-proliferation. In intervening years, the United States has periodically imposed, lifted, or waived other sanctions and concluded several trade-related agreements with China relating to these concerns. Those measures that remain in place in 1994 are detailed in the accompanying tables.
Date: August 15, 1994
Creator: Dumbaugh, Kerry
Partner: UNT Libraries Government Documents Department

Thailand: Background and U.S. Relations

Description: U.S.-Thailand relations are of particular interest to Congress because of Thailand's status as a long-time military ally, a key country in the war against terrorism in Southeast Asia, and a significant trade and economic partner. Shared economic and security interests have long provided the basis for U.S.-Thai cooperation. With its favorable geographic and broad-based economy, Thailand is among the most likely countries to play a major leadership role in Southeast Asia and has been an aggressive advocate of increased economic integration in the region. This report outlines the various aspects of the U.S.-Thai relationship, especially in relation to other nations in Southeast Asia.
Date: October 2, 2006
Creator: Chanlett-Avery, Emma
Partner: UNT Libraries Government Documents Department

U.S. Assistance to the Former Soviet Union

Description: Since 1992, the United States has provided more than $26 billion in assistance to the 12 states of the former Soviet Union (FSU). It continues to provide nearly $2 billion annually. This report describes the broad framework of U.S. assistance programs and policies in the region and then focuses on the FREEDOM Support Act (FSA) account under the foreign operations budget which, encompassing all U.S. objectives in the region, has often been the means by which Congress has expressed its views and sought to influence policy.
Date: January 12, 2006
Creator: Tarnoff, Curt
Partner: UNT Libraries Government Documents Department