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珀斯论文代写:中国的贸易赤字
2017-04-08 00:35
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珀斯论文代写:中国的贸易赤字
While it is true that the trade deficit with China is growing, economists warn that it’s important to remember that China is only a part of the pan-Asian economy. The direct effects of China’s deficit on the U.S. is not regarded by many as large enough to directly damage the U.S. economy. Further, it has been suggested that the Fed’s lowering interest rates, the housing bubble burst and the war with Iraq have had far greater impacts on the U.S. economy than the trade deficit.[2] Further, there is not much difference between Americans’ levels of savings and the savings of individuals in other countries. Savings rates in Europe and Japan have declined in the last decade.In spite of this, China has felt pressure by the U.S. to strengthen the Yuan. On July 21, 2005, The Chinese government changed their policy with regard to the Yuan. Instead of keeping it anchored to the U.S. dollar they allowed it to “float free” within a tightly controlled range.[4] The plan is to gradually and carefully make adjustments as necessary. This allows the Chinese a measure of control but is not without serious risk. A similar condition existed in Japan in the 1980’s. In Japan, appreciation of the Yen against the dollar led to deflation. Japan is still struggling to overcome the long-lived economic impacts. In China, there has been a very small appreciation of the Yuan against the dollar. However, that change has started to happen and the trade deficit continues to increase.
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