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US urges china to save less buy more. In the article "US Urges Chinese
to save less, buy more" authors Neil King Jr. and James T ...
... The council urges the Congress, as well as state and ... the past few decades; investment
capital to both China and India ... not have any negative impact on US economy ...
... the date when the beer was made and urges drinking it ... are relatively new still and
the novelty might work in China. ... if sales continue to idle in the US for Bud ...
... Over time, China's leaders simply cannot control and monitor ... to trump the "olive
tree" urges in most ... are particularly noticeable outside the US where middle ...
... ranks tenth in terms of volume, after China, Mexico, Pakistan ... A bunch of us women
journalists were there as ... is alarmed by such reports and urges your immediate ...
Submitted by roanoke on December 11, 2006
Category: Business
Words: 1695 | Pages: 7
Views: 360
Popularity Rank: 29,725
Average Member Grade: N/A (Add a Comment / Grade this Paper)
In the article "U.S. Urges Chinese to save less, buy more" authors Neil King Jr. and James T. Areddy use several facts relevant to macroeconomics to present U.S. Treasury Secretary John Snow and his strategy of encouraging Chinese domestic consumption as a solution to the problem of the United State's growing trade deficit with China. One fact mentioned is that spending by Chinese consumers is extremely low compared to other countries. Its domestic savings ratewhen household, corporate and other deposits are includedis at around 50% which is the highest of any national economy. The savings rate, also known as the Marginal Propensity to Save (defined as a change in saving induced by a change in income), is an important macroeconomics topic. Another fact presented is that China is on pace to rack up a trade surplus with the U.S. of over $200 billion, up from $162 billion in 2004. Also, on October 13, 2005 the Commerce Department announced that the gap in trade with China grew to 4.65% to $18.47 billion from July to August. The trade gap is an issue addressed by the macroeconomics topic of Balance of Trade. A third fact presented is that China dropped the yuan's fix to the dollar, and let it appreciate in value by just more than 2% in July. China allowed some appreciation to the yuan after pressure from the U.S. to assist in efforts to close the trade gap. The effects of the appreciation of the yuan are described in the macroeconomics topic of exchange rates. Another fact introduced is that China does not have a significant pension system or healthcare funded by the government. These issues deal with China's fiscal policy, an important macroeconomics topic. A fifth fact presented is that China has had some success in encouraging consumerism. By lifting a regulation reserving the ownership of cars for businesses and the government, many more automobiles are being purchased by individuals, spurring spending. This government regulation is addressed in...
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