The U.S. should stop pressuring China on raising the value of their currency
China is known for having low value in their currency, and that is why many countries depend on them in selling low price goods, including the United States. China’s currency is undervalued 25 to 40 percent compared to the dollar and currencies in other countries. By China keeping their currency value down they attract more customers, and by that their economy goes up. So fair China’s economy is doing way better than the U.S. and China isn’t going to give up being the number one exporting country for anything.
Obama keeps on pushing China to do the things he wants them to do, and they haven’t listened to him yet. So I think it’s time that Obama takes another approach or just forgets about how well China is doing and start working on how to get the U.S. economy back on its feet. If Obama hates how low China is selling their good for, than maybe he needs to stop buying those goods from them and maybe start making our own goods here in the U.S.
http://www.nytimes.com/2010/02/05/world/asia/05diplo.html
China is known for having low value in their currency, and that is why many countries depend on them in selling low price goods, including the United States. China’s currency is undervalued 25 to 40 percent compared to the dollar and currencies in other countries. By China keeping their currency value down they attract more customers, and by that their economy goes up. So fair China’s economy is doing way better than the U.S. and China isn’t going to give up being the number one exporting country for anything.
Obama keeps on pushing China to do the things he wants them to do, and they haven’t listened to him yet. So I think it’s time that Obama takes another approach or just forgets about how well China is doing and start working on how to get the U.S. economy back on its feet. If Obama hates how low China is selling their good for, than maybe he needs to stop buying those goods from them and maybe start making our own goods here in the U.S.
http://www.nytimes.com/2010/02/05/world/asia/05diplo.html
No comments:
Post a Comment