tailieunhanh - Ebook Các khái niệm cơ bản về kinh tế - Basic Economic Concepts: Phần 2

Cuốn sách Các khái niệm cơ bản về kinh tế có nội dung trình bày các khái niệm, các kiến thức cần thiết nhất về kinh tế. Phần 2 của cuốn sách tiếp tục giới thiệu tới bạn đọc những nội dung sau: Sự tăng giá của nhân dân tệ, tỉ giá hối đoái và khủng hoảng tài chính, chính sách công nghiệp cho tăng trưởng, tính cạnh tranh, tính bất phân định của đồng tiền, đối chiếu thành quả chi tiêu,. để nắm bắt thêm nội dung chi tiết của cuốn sách. | Các Khái Niệm Cơ Bản Về Kinh Tế Song Ngữ 45. The Appreciation of The Chinese Yuan The United States has a very large trade deficit with China and overall. It has low interest rates also now at 1 for inter-bank deposits. Normally this combination would result in a weaker currency. People hold a lot of surplus dollars received from goods sold to the US and have little reason to hold us debt. However Japan and China - among others - decide to buy us government debt to prevent their currencies from strengthening against the dollar. This protects their exports and weakens manufacturing in the US which has lost nearly three million jobs in the last three years. As a result the us is asking China to change the value of its currency against the dollar. Now a yuan is worth about 12 cents yuan 1 and this rate is not allowed to change by the Chinese government. They fear that a stronger yuan worth say 14 cents yuan 1 would allow more us exports to China and fewer Chinese exports to the us. A shirt produced in China costing 100 yuan would then rise in dollars from 12 to 14 and this would give us or other shirt makers a better chance to compete. Since China exports five times as much to the us as it imports the us thinks that a revaluation is fair and needed. If China does not change its exchange rate it is possible that protectionist moves will be initiated by the Congress and even possibly approved by President Bush. But even without this the trade surplus plus the capital inflows are creating a liquidity bubble in China. Real estate prices are rising very rapidly and experts fear that bank loans backed by real estate could go bad if the bubble collapses. 112 http Các Khái Niệm Cơ Bản Về Kinh Tế Song Ngữ This would hurt the banks in China that are already weak and ultimately slow the Chinese economy. Thus it is likely that China will eventually change its exchange rate to avoid these problems. 45. SỰ TĂNG GIÁ CỦA NHÂN DÂN TỆ RMB Mỹ có thâm hụt .