China’s Economic Rise: Fact and Fiction
Carnegie Endowment for International Peace - July 2008 – 16 pages
http://www.carnegieendowment.org/files/pb61_keidel_final.pdf
China’s economy will surpass that of the United States by 2035 and be twice its size by mid century, the report concludes. China’s rapid growth is driven by domestic demand—not exports—and will sustain high single-digit growth rates well into this century. The report examines China’s likely economic trajectory and its implications for global commercial, institutional, and military leadership.
How Changes in the Value of the Chinese Currency Affect U.S. Imports
Congressional Budget Office - July 2008 – 24 pages
http://www.cbo.gov/ftpdocs/95xx/doc9506/07-17-ChinaTrade.pdf
Rapid growth in imports of merchandise from the People’s Republic of China over the past decade has posed a challenge for competing U.S. manufacturers. Some observers believe that the Chinese government has contributed to growth in U.S. imports by maintaining an undervalued currency, and there have been calls for China to revalue its currency, the renminbi, that is, to raise its value (or allow it to rise) relative to the dollar as a way to level the playing field for U.S. manufacturers.
C. Fred Bergsten
A Partnership of Equals - How Washington Should Respond to China's Economic Challenge
Foreign Affairs - Article - July/August 2008
http://www.foreignaffairs.org/20080701faessay87404/c-fred-bergsten/a-partnership-of-equals.html
“Beijing is shirking its responsibilities to the global economy. To encourage better behavior, Washington should offer to share global economic leadership.”
LIENS
