China's Currency: Brief Overview of U.S. Opinions

Sanford, Jonathan E.

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  :  RS22338
RP-ID  :  RS22338 2005-11-29

美国|英语

来源: UNT Digital Library

【 摘 要 】

Many are concerned that China’s currency is undervalued and that this injures the U.S. economy. The Chinese authorities say they are not manipulating their currency and they want to move as soon as possible to a market-based yuan. A new exchange rate procedure was announced in July 2005 but has not resulted in meaningful changes in the yuan’s international value. This report reviews the issues and discusses alternative approaches the United States might take to encourage more rapid reform.