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Showing posts from October 30, 2011

US TRADE POLICY WITH CHINA

To:              The United States International Trade Commission Chairman Ms. Deanna                     T. Okun  From:            Athinarayanan Sanjeevraja Date:            October 31, 2011 RE:               US Trade Policy with China   Suggestion:  Remove the huge gap between the real and nominal exchange rate, selling American Products is a top priority and not to increase tax on multinational companies in U.S. Good Morning Chairman. When I tune into BBC world, it reported that U.S. trade policy with China. In my view, tension between China and the United States are usually focused on the core issue of currency. PBOC kept the Yuan quite low for a long period of time while they are accumulating vast hoards of foreign exchange. It is approaching $3 trillion.  China refuses to let its currency appreciate faster even in the face of U.S. pressure because China is export–led growth model. China argued that policy constitutes a de facto subsidy for Chinese