China's Central Monetary Policy

Paper Summary:

This paper discusses China's monetary policy and the role of the People's Bank of China (PBC) in its currency control. It discusses China's economic growth and development, as well as the political environment in China and how this affects the economy. The paper specifically focuses on China's economic policies with regard to how they affect their relations with the United States.

Table of Contents:
Overview
China's Economic Growth
Political Dimensions
Conclusion

From the Paper:

"The political environment in China has been radically altered since Hu Jintao was appointed President. Most recently, China's economic growth, coupled with its long history of graft and corruption, has allowed President Hu to consolidate his power even further. Shanghai's Governor, Qin Yu, has been accused by state investigators of corruption, bribe-taking, and graft and since he was a former ally of Hu's predecessor, his position in the Communist Party and his political position as Governor over one of China's most prosperous regions afforded him little protection (Dyer pars.3-7). Thus, indirectly, China's economic growth which is underpinned by its currency policies, have been co-opted by the political establishment."

Sample of Sources Used:

• Brown, L. R. "Learning from China." USA Today (Society for the Advancement of Education), 134(2005): 31.
• Debus, K. "China is Cheating." The Enterprise Feb.14-20(2005).
• Dyer, G. "Shanghai 'Scandal' Exposes Darker Side Of China's Economy." Financial Times, Sept.14(2006): 3.
• Field, A. "Revalued Yuan: No Panacea." The Journal of Commerce 11 Oct.(2004): 30.
• Guha, K. "Paulson To Press Hu For More Flexible Currency." Financial Times, Sept.(2006): 2.

More papers on China's Central Monetary Policy:

• Term Paper # 5247 : "Centralized Monetary Policy in The United States"
• Term Paper # 101203 : "Chinese Monetary Policy as Foreign Policy"
• Term Paper # 130000 : "China's Exchange Rate and Monetary Policy"

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