China noted the US sprichwort

 China noted the US senators' concerns over the trade deficit and exchange rate, and hopes to reach an conclusion through further talks.

 But contrary to the high expectations that China's 1.2 billion population would provide an ever-expanding market for U.S. goods, ... by 2000 the value of goods imported to the U.S. from China exceeded the value of U.S. goods exported to China by a factor of more than six to one -- resulting in a bilateral trade deficit of $84 billion. Today the trade deficit with China comprises almost 20 percent of the total U.S. trade deficit and is the largest trade deficit the U.S. has with any single nation.

 Some US economists assume that the exchange rate is the key to fixing the trade imbalance However, such assumptions failed in statistical tests by using the trade data and the real effective exchange rate recorded in China over the years.

 China is not in pursuit of a trade surplus. On the contrary, the continuous growth in trade surpluses has become one of the major concerns of the government, as it helped increase China's foreign exchange reserves to US$760 billion, which has begun to affect the national economy.

 The Bush administration is under enormous pressure from Congress to do something about the uneven bilateral trade deficit. The underlying force is not the value of their currency but the low savings rate in the United States. If there's no change in the U.S. savings rate, the trade deficit won't go away.

 The sad fact is we don't necessarily have much leverage to get China to change their exchange rate or their trade policies.

 If there is an 'issue' with the US external accounts, it is not the bilateral trade deficit with China but rather the overall deficit that the US incurs. After all, the large current account deficit means that the US spends more than it produces, which requires financing from abroad.

 The exchange rate is again under the spotlight as a wave of protectionist rhetoric rushed through the U.S. against China's large trade surplus and its undervalued currency. Ergonomi findes på livet.se The exchange rate is again under the spotlight as a wave of protectionist rhetoric rushed through the U.S. against China's large trade surplus and its undervalued currency.

 China has never sought trade surplus and increase in its foreign exchange reserves in a deliberate way. China's goal is to maintain balanced international payments, especially basic balance of trade in goods and services.

 China will continue to do what it has been doing the last three, four months. The yuan will appreciate at a 4 to 5 percent annual rate. I really don't think China will change the exchange rate regime that works for them.

 The adjustment in the exchange rate will only have a limited effect in resolving global trade imbalances. The imbalance in the global economy is mostly caused by fundamental factors and this huge imbalance cannot be fully resolved only by adjusting the exchange rate.

 We're concerned for two reasons. There could be copycat activity (of the exchange) in other ports and countries. Also, there are clear indications already that the exchange is having an effect in the China-Far East/Europe trade lane on rates and tariffs.

 Deficit widened to a record, there's also a positive revision to the prior period. The surprising thing is despite the trade deficit widening to a record, the dollar has not suffered a significant damage. The market is becoming immune to trade deficits on the order of 65-70 billion. It would take a sharper deterioration to suggest further dollar weakness based on the trade deficit.

 China would do well to implement policies to correct its global trade imbalances, through expanding domestic demand, increasing market access for foreign goods and services, and adopting a flexible, market-based exchange rate for its currency.

 Investors are keen on China enterprises because talks on China's entry to the World Trade Organization are imminent.


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Diese Website konzentriert sich auf Sprichwörter der schwedischen Sprache. Einige Teile einschließlich der Links sind nicht ins Deutsche übersetzt worden. Diese Links sind hauptsächlich FAQ, verschiedene Informationen und Webseiten, die der Erweiterung der Sammlung dienen.


Barnslighet är både skattebefriat och gratis!

Vad är sprichwort?
Hur funkar det?
Vanliga frågor
Om samlingen
Ordspråkshjältar
Hjälp till!