[Peace-discuss] Fw: [gangboxnews] Implications of China's Currency Policy on Trade

[unionyes]

----- Original Message ----- 
From: wilsoncharless 
To: gangboxnews at yahoogroups.com 
Sent: Thursday, November 19, 2009 10:23 PM
Subject: [gangboxnews] Implications of China's Currency Policy on Trade


  

Implications of China's Currency Policy on Trade
Three Reports from Congressional Research Service
Excerpts below
from: http://www.ncseonline.org/NLE/CRSreports/08Jun/RS21625.pdf

- - - If the yuan is undervalued vis-à-vis the dollar (estimates rage from 15% to 40% or higher), then Chinese exports to the United States are likely cheaper than they would be if the currency were freely traded, providing a boost to China's export industries (and, to some degree, an indirect subsidy).- - -  Such a policy, in effect, benefits Chinese exporting firms (many of which are owned by foreign multinational corporations) at the expense of non-exporting Chinese firms, especially those that rely on imported goods. 

- - -  Chinese statistics indicated that more than half of its exports to the world are produced by foreign-invested firms in China, many of which have shifted production to China in order to gain access to low-cost labor.

- - - These factors imply that much of the increase in U.S. imports (and hence, the rising trade deficit with China) is largely the result of China becoming a production platform for many foreign companies, rather than unfair Chinese trade policies.

5-8-08 Report in six page pdf at: http://www.ncseonline.org/NLE/CRSreports/08Jun/RS21625.pdf
1-9-08 Report in 57 page pdf at: http://www.fas.org/sgp/crs/row/RL32165.pdf
6-17-09 Report in 12 page pdf at: http://www.fas.org/sgp/crs/row/RS21625.pdf

__._,_.___
Reply to sender | Reply to group 
Messages in this topic (1) 
Recent Activity: 
Visit Your Group Start a New Topic 
GANGBOX: CONSTRUCTION WORKERS NEWS SERVICE
http://finance.groups.yahoo.com/group/gangboxnews/
http://groups.google.com/group/gangbox/
http://gangboxnews.blogspot.com
http://myspace.com/gregory10031
http://clnews.org
"UNION NOW, UNION FOREVER" 
MARKETPLACE
Going Green: Your Yahoo! Groups resource for green living
 Switch to: Text-Only, Daily Digest . Unsubscribe . Terms of Use.
 
__,_._,___
-------------- next part --------------
An HTML attachment was scrubbed...
URL: http://lists.chambana.net/mailman/archive/peace-discuss/attachments/20091120/05c69027/attachment.html