China's Currency: Economic Issues and Options for U.S. Trade Policy

Morrison, Wayne M. ; Labonte, Marc

Library of Congress. Congressional Research Service.

关键词: Foreign trade;    Free trade -- China;    International trade;    Balance of trade;   

RP-ID  :  RL32165
RP-ID  :  RL32165_2008May22

美国|英语

来源: UNT Digital Library

【 摘 要 】

This report starts out by describing China's policy of pegging its currency to the U.S. dollar at an exchange rate of roughly 8.28 yuan to the dollar. As a result, the exchange rate between the yuan and the dollar basically stayed the same. The report discusses most significant events concerning China's currency policy and its impact on U.S. trade deficit.