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China’s Currency: An Analysis of the Economic Issues
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Published on 2007 by DIANE Publishing

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. They further contend that this policy has caused a surge in the U.S. trade deficit with China and has been a major factor in the loss of U.S. manufacturing jobs. Threats of possible congressional action led China to make changes to its currency policy in 2005, which has since resulted in a modest appreciation of the yuan. However, many Members have expressed dissatisfaction with the pace of China's currency reforms and have warned of potential legislative action. This report summarizes the main findings of CRS Report RL32165, |China's Currency: Economic Issues and Options for U.S. Trade Policy,| by Wayne M. Morrison and Marc Labonte. It will be updated as events warrant.

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Book which was published by DIANE Publishing since 2007 have ISBNs, ISBN 13 Code is 9781437941883 and ISBN 10 Code is 1437941885

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