Tag: Chinese economy

China’s Currency Devaluation

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On August 18, 2015

In International Extemp, Topic Brief

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If extempers followed global economic news over the past week, they probably remember that China’s currency devaluation was a significant topic.  On Tuesday, the People’s Bank of China (PBoC) announced more market-friendly reforms that will allow the nation’s currency, called the renminbi (RMB) or the yuan, to be managed less arbitrarily.  The effect of this market-based move was a sudden decline in the value of the RMB, a currency that some market analysts argue has been overvalued for some time.  The 1.9% decline versus the American dollar last Tuesday was welcomed by some economists, who say that it will provide a valuable market correction, but China also came under fire from American politicians and Western economists, who allege that China’s devaluation is designed to help boost the nation’s ailing exports.  The move has provided ample fodder for Republican presidential frontrunner Donald Trump, who has made anti-China sentiment a large part of his campaign.  In addition, China’s devaluation may contribute to more deflationary pressures in Western economies and complicate the Federal Reserve’s decision about whether to raise interest rates by the end of the year.

This topic brief will discuss the steps that China has taken to devalue its currency, analyze the reasons why the Chinese government would encourage a currency devaluation, and highlight how China’s currency devaluation could affect the global economy.

Readers are also encouraged to use the links below and in the related R&D to bolster their files about this topic.

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R&D: China’s Currency Devaluation

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On August 18, 2015

In R&D

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Here is today’s premium R&D to accompany today’s premium topic brief on China’s currency devaluation.

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R&D from Prepd: The Chinese Economy

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On January 15, 2015

In R&D

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l_2Today’s R&D is brought to you by Prepd, the only software built specifically for extemp. Prepd makes it easy to research, practice, and compete!  Visit www.prepd.in to learn more. Like Prepd on Facebook for special info and contests.

This R&D provides resources on the Chinese economy.  The country is currently moving away from an export-driven model to more of a consumer-driven model of growth, which has produced an economic slowdown and contributed to some of the weakness in the global economy.  There is also evidence that the country’s property market is cooling and some economists warn of deflation, since the country’s inflation rate was below previous estimates and its economy is producing more goods than it can sell.

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Topic Brief: China’s Economic Growth

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On May 6, 2008

In International Extemp, Topic Brief

Overview

With over 30 years of solid economic growth, China is an anomaly in the economic world.  However, it seems that the odd mixture of communism and free markets that has resulted from the Great Leap Forward may have finally come to fruition as China’s economy is making the transition from producer of cheep goods to all around economic superpower.  As China moves into cars, electronics and coercive economic foreign policy, it has become clear that China’s economic clout is something for the world–and especially the US–to watch.  As such, this brief will examine the fourth largest economy in the world, and look at some of the impacts of this rising power.

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