On China's Trade Surplus by Tao Yuan

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By Tao Yuan

China’s exchange surplus is an important query, yet there are lots of well known misconceptions approximately it, a proven fact that brought on the production of this booklet, On China's alternate Surplus. it's going to aid readers to appreciate the style during which China’s overseas exchange and China’s function in worldwide exchange have constructed, and to how you can make the most of exchange with China. during this ebook, many scorching themes are analyzed, resembling: What promotes China’s exchange surplus? Why doesn’t it have a alternate deficit? What are the relatives among alternate frictions and China’s exchange surplus, and the way can exchange frictions be diminished? what's the deeper which means of the U.S. exchange deficit with China?

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S. S. government did not name China as currency manipulator until 2011. -China Strategic and Economic Dialogue (S&ED) asserting that it will continue to promote faster RMB exchange rate flexibility, Treasury has concluded that the standards identified in Section 3004 of the Act during the period covered in this Report have not been met with respect to China. Nonetheless, in light of the persistent misalignment of the RMB at a substantially undervalued level, Treasury assesses that movement of the RMB to date is insufficient and more progress is needed.

36 2 What Promotes China’s Trade Surplus? Fig. S. S. and EU are China’s comparative advantage, competitive advantage and international division of labor. S. S. and EU’s export controls of high-tech products against China. RMB’s exchange rate is not the key for China’s trade surplus, and RMB’s appreciation can not solve the problem of trade imbalance. S. trade deficit with China has widened (Fig. 1). S. dollar, and it has risen by more than 20 %. S. S. S. dollar. S. S. S. S. S. S. S. S. S. 1 Note Calculated by USCBC.

China’s competitiveness of construction services and computer & information services raised a lot, and they contributed largely to China’s exports in services trade in 2011. 53 respectively in 2011. The advantage of China’s construction services is mainly from labor advantage, but the advantage of China’s computer & information services is mainly from technology, and this reflects China’s upgrading of the services trade structure. There is no obvious rise of China’s competitive advantage in services trade, but some structure change is positive.

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