Introduction
This is an attempt to prevent the economic aspect of the emergence of US relations - China, the Chinese perspective. This approach can generate attractive returns information on the main economic objective of the economic interdependence of the modern world, and innovative ideas, such as current problems and future actions.
Theoretical background
The present phase of Sino-US through a high degree of economic interdependence can be analyzed by arealistic. Henry Kissinger has worked on a classic "realist" balance of power-sharing agreement for a closer relationship with China as a counterweight to Soviet influence in Asia after the Vietnam War. By Dr. Kissinger with Nixon's own words that "ideas for building peace in the world." Therefore one could say that in a constructivist perspective, this tradition of "realist" foreign policy of developing the law provides that the realitymost remarkable phenomenon of modern politics, economic interdependence among the world's leading liberal democracy and free markets the last communist state intentionally. The impressive increase in trade between the two countries after the reforms of Deng Xiaoping in 1979, presented the current situation, which dominate world trade and global economic stability takes place, depending on their development. The management of these relationships and interdependentpolitical and security implications require a qualified statesman economic issues to an unprecedented level of economic interdependence and the structural differences between the communist domination of economy is in transition toward a free market economy where China and the economies in transition the solution of "laissez-faire Reagan era, which seeks greater regulation in the global financial crisis of 2008.
Background
Thedevelop relations between the United States and China began a new direction, after Henry Kissinger visited China and brought economic relations, particularly after the reforms of Deng Xiaoping in 1979. Trade with the United States helped China to achieve spectacular success in improving the quality of life of the world's most populous country. life in China has advanced democracy in political openness and accountability and the protection of private property, the possibility ofcreate a prosperous middle class. At the same time, China remains a communist country, led by the Communist Party, which is still far from the notion of something like Gorbachev's perestroika, political reforms and much less complete. The remarkable economic development was accompanied by significant environmental damage. Some of these new rich have acquired their fortunes through corruption and avoid the lack of effective justice to this problem is partly due to PACThe opposition to political reform. The income of most people, but more people die of hunger in sub-Saharan Africa remains dangerously near the poverty line. Economic development is always based on cheap labor and evidence of success in advanced technology fields, such as performances in Japan and the Asian tigers.
The approach on China has oscillated between the relations of good will to threaten security in the 70s to alleviate someextraordinary period of economic growth, reforms of Deng Xiaoping, culminating in China, won first place among U.S. trading partners and the importance of the United States the world leader in uncertainty about how to treat China as a rival, an ally or a partner difficult problem to deal with, but impossible to dismiss.
floating exchange rage of the Chinese currency.
The Chinese government has a strong international pressure led by the United States resisted Chinese floatMint. The Chinese complain that this is not the problem after the financial crisis, the exchange rate of its currency but the dollar value or less correct, but the stability of the dollar, which depends on the political stability of the United States. The conclusion of Wang Qing, an economist at Morgan Stanley in Hong Kong, the U.S. government responsible for the stability of exchange rates and political stability. If a connection between politics and moneyThe measured values are not directly from him. There was no change in policy if the financial crisis hit in recent days the Bush administration. In particular, the importance of policies that may affect the exchange rate. In all cases, the huge Chinese trade surplus in U.S. dollars are mainly in the form of Treasury bonds has been confirmed.
"We paid a huge sum of money at UP, we are concerned about the security of our systems. To be honest, I amProbably a bit 'worried. "The problem is that the Chinese do not need a massive sale of bonds of the United States, have since been priced to another. But even if they have a great encouragement of the United States: U.S. Government. UU. Sell more bonds and the market may have an interest in keeping the interest rate on bonds issued by Chinese demand. The scenario of a decline in bonds held by the Chinese. For addition, if the U.S. government decided to restrict lendingand each half of the stimuli may be a slower recovery of the U.S. economy, exports from China to the United States have failed. Another scenario is linked to the reduction of trade deficit the United States because of the crisis resulting from the reduction of Chinese purchases of U.S. bonds. In any case, the financial crisis affecting the Chinese leadership with a dilemma. The United States sees the solutions for the promotion of domestic consumption in China. The Chinese government sees the solution in reducing its dependence on reserves of U.S. dollarsand dependence in American politics beyond their financial resources, as (with Russia) to create a global reserve currency has managed to increase the stability of global financial markets and have the advantage of greater freedom for the financial policies of political leaders that the money the U.S., EU and Japan.
China hopes that the second U.S.
failure to monitor
After the financial crisis and recovery measuresChina's main concern is the determination of the U.S. government and its ability to reduce its budget deficit under control. In terms of Chinese national interests of its capacity, with the negative impact of global financial crisis on the value of its reserves, according to the theme of American politics. Commentators speculate on whether China continues to buy U.S. securities and finance so that public spending in the United States. The obvious answer is: Yes, becauseReplace the U.S. Treasury for a safe investment, even taking into account all the dangers of the use of financial instruments a reservation. A logical consequence of improvement in Sino-US trade is that China is in the securities of the United States because there is less money for purchases used to buy bonds, but the money is to use the proceeds of exports to the United States to pay imports into force. Finally, if China was a viable choice to switch to other reserves"Safe Harbor" SDR of the IMF or €, will not hesitate to do so if it is commercially viable in the future. According to current estimates, however, make the dollar more attractive, despite its contradictory position serves as an international currency, but according to the national control of the United States. China will continue its national reserves in U.S. dollars and the dollar will lose influence government policies preventedValue.
Trade protectionism not free
Art other main issue of Government economic policies that China is happy to see a positive relationship with the United States has to resolve is how the government is in the use of protectionist pressures in Congress. China is understandably suspicious of U.S. intentions. On the one hand we have Obama's strong statements in several meetings of G-20 warning on the dangers of protectionism and otherthe introduction of fees involved in tires imported from China.
to prevent new U.S. rules on financial crisis
China is the negative impact of financial crisis, its vulnerability to economic events outside its control is the object. And 'understand that China calls for better regulation of their functioning and predictability of the U.S. financial system as global trade must be guaranteed by their state of health.
Strengthening the role of IMF in China
In20th meeting of the Fund International Monetary and Financial Management Board of the IMF in Istanbul was the Deputy Governor of Central Bank of China Yi Gang, a point for the higher rate for developing countries and monitoring capabilities more International Monetary Fund. He accused the IMF, which contemplate the global financial crisis and the blame for the failure of economic mismanagement resulting in partial representation in the organs of the International Monetary Fund.This is a valid complaint of China, as they have done what is expected of them to the goods actually exported and financial crisis that strikes without warning. The IMF on the need for structural and administrative reforms, including the type of examination is known, supported by the U.S. government.
The recognition of China as a market economy.
The recognition of China as a market economy affects the way in which the market value of assets is calculatedwhether the country participates in subsidies and dumping. Since China is not recognized as a market economy through its most important trading partner of the United States and the European Union is easiest to apply sanctions against China was imported when the latest U.S. rates on tires from China. In theory, the question is, has two faces. The first is this: China can be considered a market economy? The prevalence of state enterprises and the close scrutiny of the national currency, has a negative effectresponding. Furthermore, the remarkable development of business development in China, while its effectiveness, including residential work towards increasing export capacity points to the conclusion that China has considerable efforts to design it a market based system. The results of the recent Sino - US Strategic Dialogue to show that there are no insurmountable obstacles in the way of recognition of the United States on the status of China as a market economy will occur sooner or laterAccording to political developments in both countries.
While the official policy of China is the continued dominance of the Communist Party and the Marxist ideology of the Russian Federation (and the question Yugoslav) Experience shows that the true interests of the ruling class may be more material and ideological focus on the perpetuation of their power economy. Metastasis fueling corruption at points of origin int economic sense in this context, threerecognize scenarios for the future development of China. What is more desirable, but perhaps not the most likely gradual political development of Chinese society towards democracy after the consolidation of market economy principles. The most dangerous would be under the pressure of economic constraints and oppression of belligerence was Mao. Most likely, however, the collapse of the Communist Party and the transfer of power inhands of corrupt officials and mafia structures. U.S. incentives for democratic reform in China could defuse the risk of chaos and the collapse of communism and the significant impact that can cause safety. Ultimately, the conclusion can be drawn that there is a convergence of interests between the Communist Party of China, entrepreneurs and people of China and leads to resolution of a peaceful economic development as a form of all the problems in modern China. This position mayWatch the understanding of the United States and the rest of the world, because they are interested in compliance with long-term interests of all countries in the development of economic relations with China in the world wins.
Thanks To : Sumsung Lcd Tv Speedy to promote Website iPod Touch
0 comments:
Post a Comment