Buy custom A Trade War With China?
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| Topic: |
Business
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| Number of pages / Number of words: |
16 / 4359 |
Essay's paper body
economy. A recent report by the U.S. Treasury--the release of which was held up until after last November's election--has absolved China of manipulating its currency to obtain an unfair trade advantage.
??First of all, the yuan is not undervalued in world markets. In fact, despite the profusion of claims that Beijing is exporting deflation, it could just as easily be said that China is importing inflation...
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The prices of the raw materials it imports have skyrocketed. The cost of imported iron ore, steel, and aluminum went up by more than a third in 2003. By 2004, the Chinese government was so afraid that the Chinese economy would overheat that it intervened, using administrative controls to reduce imports that were thought to be contributing to the problem...
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General points of the essay
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