How Long to Read China's Currency and Economic Issues

How Long Does it Take to Read China's Currency and Economic Issues?

It takes the average reader 1 hour and 42 minutes to read China's Currency and Economic Issues by Wayne M. Morrison

Assuming a reading speed of 250 words per minute. Learn more

Description

China has a policy of pegging its currency (the yuan) to the U.S. dollar. If the yuan is undervalued against the dollar, there are likely to be both benefits and costs to the U.S. economy. It would mean that imported Chinese goods are cheaper than they would be if the yuan were market determined. This lowers prices for U.S. consumers and diminishes inflationary pressures. It also lowers prices for U.S. firms that use imported inputs (such as parts) in their production, making such firms more competitive. Critics of China's peg point to the large and growing U.S. trade deficit with China as evidence that the yuan is undervalued and harmful to the U.S. economy. The relationship is more complex, for a number of reasons. First, while China runs a large trade surplus with the United States, it runs a significant trade deficit with the rest of the world. Second, an increasing level of Chinese exports are from foreign invested companies in China that have shifted production there to take advantage of China's abundant low cost labour. Third, the deficit masks the fact that China has become one of the fastest growing markets for U.S. exports. total U.S. bilateral trade deficits in 2004, indicating that the overall trade deficit is not caused by the exchange rate policy of one country, but rather the shortfall between U.S. saving and investment. This book presents a coherent examination of the details behind China's currency policies as they relate to outside factors.

How long is China's Currency and Economic Issues?

China's Currency and Economic Issues by Wayne M. Morrison is 102 pages long, and a total of 25,704 words.

This makes it 34% the length of the average book. It also has 31% more words than the average book.

How Long Does it Take to Read China's Currency and Economic Issues Aloud?

The average oral reading speed is 183 words per minute. This means it takes 2 hours and 20 minutes to read China's Currency and Economic Issues aloud.

What Reading Level is China's Currency and Economic Issues?

China's Currency and Economic Issues is suitable for students ages 10 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy China's Currency and Economic Issues?

China's Currency and Economic Issues by Wayne M. Morrison is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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