TRADE WAR
US-CHINA BECAME WORSE N.2
CURRENCY
MANIPULATION.. WHAT DOES IT MEAN?
Hugo Adan Agosto 7-
2019
Si lee ingles ve directo a esas página, o la Bibliografia que doy al
final.
EMPECEMOS por el concepto CURRENCY MANIPULATION.
No me toques que me tisnas, le dice la olla al sartén.
The pot calling the comal
‘black’.
MANIPULACIÓN MONETARIA: QUE ES ESO?
Currency
manipulation: What does it mean?
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Si no maneja el inglés le sugiero escriba esto: Translate English to spanish y luego
entra el texto en ingles y en un minuto
le da la traducción. Todo idioma tiene
giros idiomáticos propios y el traductor puede darle una versión
diferente a la de su país. Busque el traductor que mejor se adapte al suyo.
Todos los traductores son gratis. Algunos cobran, no el de azul (arriba); es el
que usamos en Chile y Perú: es casi Universal, aunque contiene algunos giros
idiomáticos de centro Amer: los más usados.
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POT
CALLING THE KETTLE BLACK? US ACCUSES CHINA OF CURRENCY MANIPULATION...
BUT WHAT DOES THAT
MEAN?
Published time: 6 Aug, 2019 13:03 Edited time: 6 Aug, 2019
14:44
On Monday 5, the United States government officially labeled
China a ‘currency manipulator.’ But all countries have
the right to manage their own national currencies. Here’s a quick
explainer of what this means.
HOW DOES A COUNTRY
CONTROL CURRENCY?
Government central banks control
currency by regularly setting interest rates, through issuing new bank
notes, and managing foreign currency reserves. National regulators also
manage currencies on the open market to weaken or
strengthen the exchange rate if the market price rises or falls too quickly.
WHICH COUNTRIES
MANIPULATE THEIR CURRENCY?
In effect, all countries manipulate
their currencies in one way or another. Recent examples include Quantitative Easing programs by the US, the European
Union, Japan, and others, in the years following the 2008 financial crisis.
Hundreds of billions in new currencies have been issued to prop up local
stock markets and buy government debt. Why is
that currency manipulation? The answer is devaluation.
The more money you print, the less it is worth.
HOW DOES A COUNTRY
MANIPULATE CURRENCY?
Besides devaluation (The more money you print, the less it
is worth), selling-buying is other method.
Simply explained, in order to weaken
its currency, a country sells its own currency and buys foreign currency
– usually euros or US dollars. Following the laws of supply and demand, the result is that the manipulating country reduces the
demand for its own currency while increasing the demand for foreign currencies.
WHY WOULD A COUNTRY
WANT TO WEAKEN ITS CURRENCY?
A country may want to weaken its
currency in order to manufacture domestic goods more cheaply and make them more
competitive on the global market. The US has accused China of doing just
that in response to recent tariff hikes on Chinese
goods. A weaker yuan helps Chinese exporters deal with higher tariffs.
The down-effect is that imported goods become more expensive for Chinese
consumers.
HOW DOES CHINA
MANIPULATE ITS CURRENCY, ACCORDING TO THE US?
The Chinese currency, called the renminbi or the yuan, is
what the US calls a Chinese currency. So according to Washington, this means
that, unlike the US dollar, which rises and falls in value in ‘free market trading’ (free
market full of monopolies), the yuan’s value against the dollar is set by the People’s
Bank of China, an arm of the Chinese government.
UNDERSTANDING CHINA’ POLICY
The China interest is the “public
need”, not the “private greed” of WS monopolies
& big bunkers & speculators. Every country has the right to choose
their own Economic-Political System and the right to defend it at whatever
cost, as International laws said. China’ Yuan
devaluation is set to create & foster their own domestic market. They won’t depend on USDs any longer.
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BIBLIOGRAPHY
‘Gambler Trump plays
poker while China plays chess’, thinking a few moves ahead : https://www.rt.com/business/465952-trump-poker-trade-war/
Published time: 7
Aug, 2019 09:29 Edited time: 7 Aug, 2019 10:01
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Pot calling the
kettle black? US accuses China of currency manipulation... but what does that
mean?
Published time: 6
Aug, 2019 13:03 Edited time: 6 Aug, 2019 14:44
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US labeling China
‘currency manipulator’ will shake global financial markets – China’s central
bank
Published time: 6
Aug, 2019 07:44 Edited time: 6 Aug, 2019 18:31
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US Treasury declares
China ‘currency manipulator’ after Wall Street suffers worst day of 2019
Published time: 5
Aug, 2019 22:04 Edited time: 6 Aug, 2019 08:56
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