Why was the value of China’s currency a dominant issue at the recent U.S. – China summit?
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Watch this video: https://www.pinterest.com/pin/387591111650414147/ (Links to an external site.) (opens in new window) OR use the embedded video link below.
For your initial post, please choose 2 of the following Discussion Questions to answer. Include at least two outside sources to bolster your learning and understanding, (Note your sources):
Why was the value of China’s currency a dominant issue at the recent U.S. – China summit? Why is the United States pushing for a higher renminbi? Why is China reluctant to allow its currency to appreciate?
Reflect on how policy decisions made in China affect the strategies of U.S. companies. What does this imply about the interdependency of the global monetary systems and economy in general?
Discuss the claims by U.S. Secretary of State Hillary Clinton that policy reforms in China would contribute to global economic balance, predictability, and prosperity. Do you agree with Clinton? Why or why not?
How would inflation in China affect the competitiveness of its goods in global markets?
Part A: In your initial post answer at least 2 out of the 3 questions above. The initial post is due first to allow for sufficient time for replies and quality discussion. You will not be able to see the posts of your classmates until you make your initial post.
Support your choices with your reasoning and references. References are mandatory in this discussion and they should not be just from your text. This exercise is about an exchange of ideas versus giving the “right or wrong” answer!
Part B: Read the posts from your classmates and reply to at least two. (Choose classmates that haven’t already been asked questions by someone else, if any.)
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