Resolved: The United States federal government should substantially increase its economic and/or diplomatic engagement with the People’s Republic of China
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- 2AC Inherency AT 2—China Not Manipulating
- China is manipulating their currency to get ahead of the US
2AC Inherency AT #1—US Acting NowThey say __________________________________________________, but [GIVE :05 SUMMARY OF OPPONENT’S SINGLE ARGUMENT]
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__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ [EXPLAIN WHY YOUR OPTION MATTERS BELOW] and this reason matters because: ______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ 2AC Inherency AT #2—China Not ManipulatingThey say __________________________________________________, but [GIVE :05 SUMMARY OF OPPONENT’S SINGLE ARGUMENT]
[PUT IN YOUR AUTHOR’S NAME] It’s much better than their evidence because: [PUT IN THEIR AUTHOR’S NAME] [CIRCLE ONE OR MORE OF THE FOLLOWING OPTIONS]: (it’s newer) (the author is more qualified) (it has more facts) (their evidence is not logical/contradicts itself) (history proves it to be true) (their evidence has no facts) (Their author is biased) (it takes into account their argument) ( ) (their evidence supports our argument) [WRITE IN YOUR OWN!]
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Tonelson, June 2016 6/1, Alan, has testified before several Congressional committees, as well as the U.S. Trade Deficit Review Commission, the U.S.-China Economic and Security Review Commission, and the Maine Fair Trade Commission, “Signs that Chinese Currency Manipulation is Back” https://www.equities.com/news/signs-that-chinese-currency-manipulation-is-back For several years, China has been the gift that has kept on giving to cheerleaders for current American trade policies, as its currency policies allowed President Obama and his trade supporters to all but declare “mission accomplished” for the decision to address Beijing’s predatory approach to globalization through quiet diplomacy, not punitive tariffs. Now after letting its currency strengthen versus the U.S. dollar, Beijing, is permitting the tightly controlled yuan weaken once again. So as during most of the previous decade, Chinese goods are once again getting major price advantages over competing products in all global markets for reasons having nothing to do with free markets or free trade. Let’s see if Mr. Obama and his backers will be as quick to admit failure as they were to claim success. China’s currency policies have had their ups and downs for the last 15 years or so, and throughout the cheerleaders consistently have mis-represented the idea of proper currency valuation. Moreover, some impressive evidence indicates that the yuan has been much more undervalued – and therefore distorting trade flows – to a much greater extent than the standard exchange rate figures (from the Federal Reserve) show. Nonetheless, it’s still important to note that those standard figures have reported a 20.39 percent increase in the yuan’s value against the dollar since July, 2005. It’s just as important to note that, during this period, the dollar is up versus a broad Fed measure of world currencies by about 7.70 percent, so by this key measure, China has been a big outlier in ways that work to its disadvantage. And even though the yuan has fallen in value since it hit its peak versus the dollar, in mid-January, 2014, it’s fallen much less than that basket of other currencies – 8.63 percent for the yuan, as of the Federal Reserve’s latest (May 27) figures, versus 19.04 percent. But the key baseline date Washington and everyone else should be looking at is last August 11. That’s the day the Chinese government clearly decided it had had enough of a stronger yuan, and devalued the currency by a stunning 1.83 percent in one day. And from last August 10 though May 27, the yuan has dropped by 5.67 percent versus the dollar. But that group of major currencies is down only 2.86 percent against the greenback. Moreover, since May 27, the yuan has been permitted to sink another 0.42 percent. (I couldn’t find a comparably recent number for that broad dollar index.) With the American economy still mired in an historically sluggish recovery, and manufacturing output still faltering, expect all the remaining presidential candidates to start decrying Chinese currency manipulation again. If it continues, Beijing’s apparent gambit could also further diminish the chances that Congress will approve Mr. Obama’s Trans-Pacific Partnership (TPP) agreement, since a U.S. failure to respond adequately coupled with the deal’s own lack of currency disciplines with teeth would arguably turn Congressional approval into a green light for other would-be foreign manipulators. Pity the lawmaker who’d have to answer for that vote. Directory: wp-content -> uploads -> 2015 2015 -> Police Militarization 2015 -> 2015 ihbb championships: hs history Bowl Round 4 – Prelims First Quarter 2015 -> Wrtp/big step · 3841 W. Wisconsin Ave., Milwaukee, wi 53208 2015 -> Rao bulletin 1 December 2015 html edition this bulletin contains the following articles 2015 -> Darton College 2015 -> Training Workshop on Planning and Implementation of Multi-Sectoral Development Programme (MsDP) in Bihar Date : 6th 2015 -> Rao bulletin 15 June 2015 html edition this bulletin contains the following articles 2015 -> Rao bulletin 1 September 2015 html edition this bulletin contains the following articles 2015 -> Rao bulletin 1 August 2015 html edition this bulletin contains the following articles 2015 -> Science, and transportation united states senate Download 2.62 Mb. Share with your friends:
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