China's Currency: A Summary of the Economic Issues

Morrison, Wayne M. ; Labonte, Marc

Library of Congress. Congressional Research Service.

关键词: Foreign policy;    Foreign relations - U.S. - China;    Foreign relations - China - U.S.;    Economic policy;    Finance;   

RP-ID  :  RS21625
RP-ID  :  RS21625_2008Nov20

美国|英语

来源: UNT Digital Library

【 摘 要 】

Many Members of Congress charge that China's policy of accumulating foreign reserves (especially U.S. dollars) to influence the value of its currency constitutes a form of currency manipulation intended to make its exports cheaper and imports into China more expensive than they would be under free market conditions. Although China made modest reforms to its currency policy in 2005, Members contend the forms have not gone far enough and have warned of potential legislative action. This report summarizes the main findings CRS Report RL32165, China's Currency: Economic Issues and Options for U.S. Trade Policy.