Trade War between US and China_tradeinchina
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Trade War between US and China(currency war)
Good morning, every one.I am glad to deliver a speech here.You know what the hotspot iue is in the world now? G20.And in G 20, what is the most highlighted iue? That is the trade war, or specifically speaking, currency war between the US and China.Today I am going to talk something about China-US trade war.in three ways.What the US-China Trade war is about? How does it begin and who will benefit in this war?
What is the Us-China trade war is about? I think one word is enough to cover this —money.People’s love for money is the evil of the world.China wants to make more money by selling commodities to the US and US wants to gain money from China, too.Now let’s see how this war begins and carries on.China mainly exports handicrafts, grain and raw material to the US and to the US this is import.On the other hand, US exports high-tech products, like IPad, apple and Ford to China and to China this is import.So both are selling goods to each other, but how to make more money than the other? Here let’s suppose China takes action first.By printing more and more RMB, the Chinese currency is devalued.It means 100 RMＢdoes not worth 100 anymore, maybe 80 or 90 RMB.Let’s see our exports.Before devaluation, the Americans have to spend 100 RMB in one made-in-China product.But now they only need to pay 80RMB.Made-in-China becomes cheaper, so more and more Americans go to Made-in-China product.But US will not be happy and disagree against China’s action.Then the US president Obama would said, you want to make money from me? No way!So he begins to iue more and more US Dollars.Then the devaluation of US Dollar follows.And Ford and Ipad become cheaper.Potential Lenovo users run to Apple.More and more Chinese people enter KFC and Mc.It seems perfect so far, because both countries get what they want.However id things are so easy, there would be no G20 summit.Now let’s see who wins?US or China? Or maybe us, because we can afford le on an Ipad.and spend le in studying abroad.Actually there is no absolute winner in this war.Let’s go back here.More and more Americans buy made-in-China products.And the American products can not sell out.So American factories stop producing, workers lose their jobs and finally the unemployment rate increases.The similar situation also happens in China.Lenovo will lose many Chinese clients and it can not compete with the American computer Company.But China will not allow this happen.The government will make policies to limit import and increase export.Again, Obama would not agree.He said, “I have policies, too.” So, limit import and increase export.Finally this forms a vicious circle and if this iue is not solved in time, the war between the largest developed country and the largest developing country will end up with chaos and the whole world trade order will be in disorder.Nobody, no country would like to see that result.That is also a reason why China-US currency war is so highlighted in G20 in Seoul.That is my understanding about China-US trade war, so if you have any doubts or questions, go ahead, please!Q(transfer to other students).
