Trade Facts: China's Exchange Rate & US Trade Deficit
We often hear that China "manipulates its currency" and harms the US economy. Some say if we punish China as a manipulator or slap tariffs on Chinese goods it would reduce our trade deficit. But what does currency manipulation mean? More importantly, would tariffs on Chinese goods help our economy?
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Beijing Conference Highlights Importance of US-China Relationship
At the US-China Business Council’s (USCBC) June 15 China Operation Conference in Beijing, government officials and leading experts in business, policy, and economics shared insights on the challenges and opportunities faced by foreign companies operating in China. Representatives of from Time Warner, ADM, Visa, and Ford Motor Company were among the 50 USCBC member companies in attendance.
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China Embassy Speaker Series: Agriculture Attache Wei Zhenglin
China’s Agricultural Attaché Wei Zhenglin spoke Thursday to members of the US-China Business Council (USCBC) about the importance of agricultural modernization during the 13th Five-Year Plan period. He encouraged foreign companies to engage in agricultural projects in China that are sustainable and environmentally friendly, and emphasized the importance of information, technology, and innovation in the future of agriculture. Wei was joined by First Secretary Weng Xinyu, formerly of the China Food and Drug Administration, and representatives of nearly 10 USCBC member companies for a discussion of key agricultural issues in the US-China commercial relationship as part of USCBC’s Chinese Embassy Speakers Series.
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