China's Currency Policy Analytical Essay by Jay Writtings LLC
China's Currency Policy
An examination of China's exchange rate policy and its implications for the current economic condition of China.
# 117110 | 1,060 words | 4 sources | MLA | 2009 |
Published on Nov 15, 2009 in Asian Studies (East Asian Cultures) , Economics (International) , Economics (National)
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This paper examines China's recent economic policy. It explains the features of the policy, particularly their exchange rate policy. The paper then discusses the implication of this policy of China's conversion of exchange rates. Finally, the paper examines further aspects of that policy to demonstrate how the Chinese economy has reached its current condition.
From the Paper:"Household spending increased as a by-product of reduced unemployment. This reduction in unemployment was achieved with through both the increase in liquidity of the government, creating more public sector jobs, as well as reinvestment in production, which created more jobs for laborers. Further, the goal of freeing conversion that the fixing of China's exchange rate encouraged also brought more labor opportunities as foreign investors began hiring Chinese laborers. This opening of the market to foreign investment contributed to the expansion of the economy, as far as creating disposable income and increasing household spending."
Sample of Sources Used:
- "China Finance News." Nov 2, 2007: http://www.chinaeconomicreview.com/finance/category/exchange-rate/
- Lardy, Nicholas. "Exchange Rate And Monetary Policy." Cato Journal Vol.25 1 Winter 2005
- Lardy, Nicholas. "Rebalancing Economic Growth." 2007: http://www.chinabalancesheet.org/Documents/01RebalancingEconGrowth.pdf
- "Snow Says Move to Flexible Exchange Rate Is in China's Interest." 2005: http://usinfo.state.gov/eap/Archive/2005/Jun/23-727258.html
Cite this Analytical Essay:
China's Currency Policy (2009, November 15) Retrieved March 26, 2023, from https://www.academon.com/analytical-essay/china-currency-policy-117110/
"China's Currency Policy" 15 November 2009. Web. 26 March. 2023. <https://www.academon.com/analytical-essay/china-currency-policy-117110/>