China's Currency: Economic Issues and Options for U.S. Trade Policy
Description:
When the U.S. runs a trade deficit with the Chinese, this requires a capital inflow from China to the United States. This, in turn, lowers U.S. interest rates and increases U.S. investment spending. On the negative side, lower priced goods from China may hurt U.S. industries that compete with those products, reducing their production and employment. In addition, an undervalued yuan makes U.S. exports to China more expensive, thus reducing the level of U.S. exports to China and job opportunities…
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Date:
April 18, 2006
Creator:
Morrison, Wayne M. & Labonte, Marc
Item Type:
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Partner:
UNT Libraries Government Documents Department