China to change the exchange rate.
At this time, our group wanted to find out why some countries are forcing them to change the rate and what kinds of effects would occur if China changes the exchange rate.
Entering into a main text, before, the exchange rate system and yuan currency (RMB)raise criticism of Chinarise simply should have been examined about the background.
In 2005
rise cashing in and dominating premium market
The lucrative cosmetics market in China has been attracting many multinational enterprises. At present, most major multinational brands are available in major cities. These enterprises mainly target at the most developed cities and have been dominating the premium market. Owing to the relatively high pricing, higher operation costs, and lack of local
Raises a question about the bottle cap role
->> Lead to an arms races
1. U.S.
- Grand strategy containing the rising power of China
Refer Japan as Britain in Far East (Armitage report, 2000)
2. Japan
- Using the US encouragement on the normalization
Financial support for U.S.
3. Unstable environment
- Rising China and NK’s nuclear threat (Armitage report, 2007)
A two-day third strategic economy dialogue between U.S. and China was winding up in Washington D.C. on May 11 in 2011. The Strategic Economy Dialogue is a meeting between the United States and China to discuss about the global issues including the area of security, economy and NTS(Non Traditional Security). With the rapid rise of China today, it is the remarkable evidence that the United States h
China’s Development by FTA with SK
Economically & Politically
Boost Mutual Economic Exchanges
1. Lowering of tariffs encourage competition
2. Increase in market share &Foreign Investors Improve “Competitiveness” in the manufacturing industries
Boost Political Influence over North East Asia
Rise of China
1. Crumble of Current Security System “Cold War” Style
(SK-US-Japan
china and U.S. is on the rise. Extreme fluctuations of exchange rate of U.S. and china that account for a large proportion of exports in the export-dependent Korean economy cause Korean company’s sales decreasing and trade frictions in the international trade of Korea. What is worse is that exchange rate frictions occur all around the world as well as between U.S. and China. And also protection
Recently, In April 10 2011, the prime minister of Republic of China, Wen Jiabao, announced that china will continuously implement the tightening measures against inflation and the real estate market which had begun since the April 2010. In respond, China's central bank said it would raise the amount of money that lenders must keep in reserve as official concerns persist over inflation and rising
China’s rapid growth through market opening
Foregin funded enterprise check & price competitiveness securing
Capital and global distribution network of foregin company
The potentional to threaten the market position of E-mart is high
Preparation against low price of foreign company in mutinational goods sourcing
Competition with global company,
Carrefour, Wal-mart, which have
rise
Weakness
Not very case oriented and talks about mainly the construction and theories
Does not mention nationalism
Argument allowing it to purse Asian values is weak
Does not illustrate who besides Africa really is benefiting and following the Beijing Consensus and China’s support of other countries.
China power in Africa
Africa is no more receiving nations, they are
China as a strategic competitor. So, according to the change of the US’ attitude for China, East Asia will become more important than before.
3. China Threat & North Korea Threat
We can’t skip the ‘China Threat’ and ‘North Korea Threat’ in dealing with US’s strategy toward Northeast Asia. China Threat has risen to the surface after Bush Administration. And the objective is