debt ceiling

  • On November 7, 2011, FutureofUSChinaTrade.com 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。

    81日美国通过一项法案以提高债务上限。仅一天之后,美国财政部就表示美国将决定对谁不偿付债务。尽管如此,该问题还是持续占据美中两国的新闻头条。以至于两个星期后,美国副总统拜登会晤中国总理温家宝和副主席习近平。

    尽管提高债务上限法案缓解了美国的财政责任,债务依然是美中两国的重要议题。为什么?因为中国拥有大量的美国政府债务。在这里,我们解释这是为什么-意味着什么。

  • 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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