China's Currency Peg: A Summary of the Economic Issues

Morrison, Wayne M. ; Labonte, Marc

Library of Congress. Congressional Research Service.

关键词: International finance;    Foreign economic relations - China - U.S.;    Foreign economic relations - U.S. - China;    Foreign exchange rates;    Trade;   

RP-ID  :  RS21625
RP-ID  :  RS21625 2005-04-25

美国|英语

来源: UNT Digital Library

【 摘 要 】

This report evaluates that assertion, and considers other effects China’s peg has on the U.S. economy. These include the beneficial effects on consumption, interest rates, and investment spending. Nationwide, these effects should offset job loss in the trade sector, at least in the medium term. Several bills have been introduced in the 109th Congress to address China’s currency policy, including H.R. 1216, H.R. 1498, H.R. 1575, S. 14, S. 295, S. 377, and S. 593; some would impose trade sanctions against China unless it accepted a market-based system of currency valuation.