Although public hearing on China's foreign exchange operation in the House of Representatives of the United States had been opened, today, talks on a pair middle sanctions bill is done.
"The US House Ways and Means Committee, consultation pairs middle sanctions bill to the 24th - also plenary session vote in next week
http://www.bloomberg.co.jp/apps/news?pid=jp09_newsarchive&sid=am_0CcFs43mU
US House of Representatives Ways and Means Committee to discuss the 24th, versus medium sanctions bill that aim that it encourage the further appreciation of the renminbi in China. Doi is 22, in a press release that was distributed by e-mail, in order to offset the impact of yuan depreciation that lawmakers pointed out, and to discuss bill to ensure that the tariffs on imported goods from China may request companies announced. Tim Ryan Congressman (Democratic, Ohio) et al., Argues that the yuan exchange rate plays a role of unfair subsidies to Chinese companies.
Levin chairman of the House Ways and Means Committee (democratic, Michigan) In the presentation materials, it pointed out that "mercantilist exchange rate policy of China has become a weight of job creation in the US economic growth." He said, "This is a big distortion in the international market."
If it is passed by the Revenue Committee, it is possible to vote in the House of Representatives plenary session during the next week. "
Levin chairman of the Ways and Means Committee, by which Japan has a foreign exchange intervention in the 15th,
"It is not could justify acts the exchange operation of the yuan by China. China is no longer the only country with a predatory exchange rate policy"
And, but was angry Punsuka, prima facie, it seems to take into consultation versus middle sanctions bill without effect on many.
Like Levin chairman, since the Thai middle sanctions bill of time that has gained wide support in the "bipartisan", you have to speak with the "House of Representatives plenary session is quite likely to vote".
By the way, the Ministry of Finance Treasury Secretary Timothy Geithner called on the hearing, from concern that some US companies could lose business opportunities in the Chinese market, it has expressed that it "does not support". Well, this is as expected.
At the same time, in the United States, but small and medium-sized companies support the bill that incorporates the tax cuts and financing promotion measures was through the House of Representatives, I can understand whether the country is looking at how heavy the "employment".
Real estate bubble since 2002, and by the booming financial business, the United States economy had continued to grow. Bubble collapse, when it becomes a situation, such as a stroke doubled the unemployment rate, do not see the source that create jobs, it is not is the current American situation because. It is, of course, has been the underpinning of employment in public investment and civil servants increase, to be not me again revived job creation capacity is high, "manufacturing" is not hope for a dramatic reduction in the unemployment rate.
Versus middle sanctions bill, nor already small and medium-sized enterprises support the bill passed through the House of Representatives, all is not that the bill can lead to "the United States of employment". The United States and, it is easy to really understand in a sense the country.
For the United States of employment recovery, of course "external demand expansion" is also an important factor. President Obama in his State of the Union speech in January this year is,
"In five years, to double American exports."
When such, although I thought it was a joke, and then the weak dollar trend, when looking at the remarks of officials about the weak dollar, we have also to think as serious. However, it is already on the day that the United States is one of the world's three major export powerhouse has doubled its exports, the protectionism and currency wars will feel that are likely to occur.
[Export value and import value of 2009 major countries (Unit: billion)]
http://members3.jcom.home.ne.jp/takaaki.mitsuhashi/data_30.html#yushutsu09
Prior to that, I think of that is this much huge integrated anywhere in the country the export be undertaken. The $ 1 trillion is the scale I, $ 1 trillion.
Well, the above graph is a comparison of "exports and imports amount", export dependence and dependence on imports is here.
[Export dependence and import dependence of 2009 major countries]
http://members3.jcom.home.ne.jp/takaaki.mitsuhashi/data_30.html#Izondo
This dependence on exports and dependence on imports, because the media was writing a decent article, I will introduce. However, rather than a truly unfortunately Japanese media, it is the South Korean media. By the way, Although it is Watakushi I do not write well much about Korea, for the child and the media and I believe above the Japanese people of Korea (Oh, some people of the top after administration).
Occasionally, what is but to a calculation mistake, and I think even discounting the minute's above those of Korea.
"South Korea's import and export dependence, last year, the highest in the G20
http://japanese.yonhapnews.co.kr/headline/2010/09/13/0200000000AJP20100913000700882.HTML
The highest thing is the 13th in the export and import dependence of the Korean economy is the major 20 countries and regions (G20), it found. Dependence on exports is the United States six times, dependence on imports to reach the Brazil of 4.5 times.
According to the International Monetary Fund (IMF) and the Organization for Economic Cooperation and Development (OECD) G20 leading economic indicators have created major international organizations such as jointly (PIG), the proportion of exports accounted for last year's gross domestic product of Korea (GDP) 43 by .4%, it was still the highest among the G20 member countries with the exception of Saudi Arabia that has not been created statistics. (Snip)
In Following the Korean high proportion country of export Germany (33.6%), Mexico (26.2%), China (24.5 percent), Russia (24.4%) is followed. South Korea is 9.8 points higher than the 2-position of Germany, it can be seen that the external dependence degree overwhelmingly high in the G20. On the other hand, it had the lowest national rate of exports as a percentage of last year's GDP in the United States (7.5%), followed by Brazil (9.7%), was the order of Japan (11.4%). (Snip)
The proportion of exports accounted for Korea's GDP, is 33.7% in 2005, and 34.2 percent in 2006, 35.4% is in 2007. 2008 I have continued and 45.3%, the rise.
South Korea on the characteristic that resources are insufficient, the proportion of imports in GDP also, was the highest among the G20. The proportion of imports as a percentage of last year's GDP in Korea is 38.8%, Mexico (28.1%), Germany (28.0%), South Africa (25.4%), Canada (24.6%), much higher than Saudi Arabia (24.3%). Import of dependence is low, Brazil (8.5%), Japan (10.8%), the United States (11.4%), and the like.
Dependence on imports of South Korea, in 2005 30.0%, in 2006 32.5%, in 2007 34.0%, in 2008 has increased and 46.7%, year after year. (Koryaku) "
Watakushi is of the lowest dependence on imports in the G20 I had I think Japan, but I was Brazil.
Even so, ↑ when the "facts" of this hand Nikkei no longer have to write, what's really write How?
"The value of exports is low, export companies export dependence is high! And include parts that are bought from subcontractors" even be << GDP is the sum of the "added value" of each company, countered that it is not at all understand
"Export dependence is low, the influence of the capital investment of the export companies large" << such a thing, probably the same Even other countries w
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