debt ceiling

  • On November 7, 2011, director Molly Castelazo spoke with Derek Scissors, a research fellow for economics in The Heritage Foundation's Asian Studies Center, about his view that “there is no real connection between the value of the yuan and U.S. unemployment.”  Between 1991 and 2000, Derek says, the yuan-dollar exchange rate fell and the yuan become relatively more undervalued.  At the same time, U.S. unemployment declined.  Then between 2000 and 2010, when the yuan-dollar exchange rate rose and the yuan became relatively less undervalued, U.S. unemployment rose.

  • The Facts About China’s Currency, Chinese Subsidies, and American Jobs: There is great concern in the U.S. about Chinese currency policy costing American jobs. But over two decades, there has been no evidence that a weak yuan causes high American unemployment. What American policymakers should focus on is other Chinese actions that do harm the U.S. and the entire global economy, particularly China’s market-distorting and anti-competitive subsidies. Heritage Foundation Asia economic policy expert Derek Scissors explains why the U.S. must identify and measure Chinese subsidies as the necessary first step in reducing the damage they cause.

  • 中国大量(并增加)持有美国政府债务的现象称为多年来的热点话题。但是这个话题在美国可能违约的背景下真正成为的前沿议题。



  • China’s large (and growing) holdings of U.S. government debt have been a point of discussion for a number of years now.  But they’ve really come to the forefront as the U.S. faces the (unlikely) prospect of a sovereign debt default. However the U.S. resolves the debt ceiling issue, the fact is that China owns a lot of U.S. government debt.  Here, we explain why that is – and what it means (for both the U.S. and for China).

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