Valdai Club's expert Angela Stent, Professor, Georgetown University brings out her point of view:
The issue of Yuan revaluation must be seen in the broader context of the US-Chinese economic relationship. China is the U.S.s second largest trading partner, its largest source of imports and the largest export market for U.S. goods outside of North America. Washington would like to increase its exports to China and reduce its sizeable trade deficit with China, hence the demand that the Yuan appreciate at a faster pace. The U.S. is also asking for greater access for American companies to the Chinese market, reduction of trade and investment barriers and more effective enforcement of intellectual property rights.
China and the United States are important economic partners. The United States and Russia, are important security partners. China and Russia are committed to a multipolar world and in this sense the Sino-Russian partnership is aimed at containing the global exercise of U.S. power.
Full version of her article was published on valdaiclub.com
The issue of Yuan revaluation must be seen in the broader context of the US-Chinese economic relationship. China is the U.S.s second largest trading partner, its largest source of imports and the largest export market for U.S. goods outside of North America. Washington would like to increase its exports to China and reduce its sizeable trade deficit with China, hence the demand that the Yuan appreciate at a faster pace. The U.S. is also asking for greater access for American companies to the Chinese market, reduction of trade and investment barriers and more effective enforcement of intellectual property rights.
China and the United States are important economic partners. The United States and Russia, are important security partners. China and Russia are committed to a multipolar world and in this sense the Sino-Russian partnership is aimed at containing the global exercise of U.S. power.
Full version of her article was published on valdaiclub.com
