소개글
[미국과 중국] 위안의 평가절상(영문)에 대한 자료입니다.
목차
목 차
I. Background of Conflict
II. The impact of revaluation
1. The impact on China
2. The impact on US
III. Conclusion
본문내용
The United States and other countries hope that greater demand from China for their exports, resulting from a higher value of the yuan, will help them resume sizable economic growth as they recover from severe recession. Their governments especially want to reduce the high levels of unemployment.
1. The impact on China
Advantage 1 : Cheaper Imports
China imports technologies, petroleum, metals, machinery and skills from other countries. China is the biggest consumer of many commodities such as aluminum, steel, coal and copper and second largest consumer of oil. With the increasing prices of these commodities, appreciating Yuan will put less pressure.
Advantage 2 : Overseas Investment and Expansion
With huge reserve (US $514 bn in Sept'04), a stronger Yuan and government loosening the control on capital outflow, it will be economically rewarding to invest abroad. On the other hand, Chinese firms may desist from investing abroad if they fear further depreciation may not provide required rate of return. In short run, they prefer to wait before dollar depreciates before making investment.