Decision To Downgrade The Yuan Essay Example | Topics and Well Written Essays - 750 words

Decision To Downgrade The Yuan - Essay Example One key reason for the devaluation of the Yuan to which the Chinese government and other players agree on is the fact that China is now willing to make financial reforms. The International Monetary Fund has, in particular, applauded the decision to downgrade the Yuan. The move is seen by both sides as part of measures by China to open up their financial systems and hence allow foreign exchange institutions to have more control over the value of the Yuan. Although the United States has been demanding that China embraces financial reforms they have rubbished the move claiming that the Chinese government is only doubling down. The United States demands are based on their belief that China for years has been rigging the rules and played currency games that have left American workers to suffer. Additionally, policymakers in the United States have interpreted the move has a way of countering their trade agreements with China's rivals such as Japan in the Trans-Pacific Partnership. The deci sion to devalue the Yuan is part of currency manipulation games to gain an unfair trade advantage over the United States (Deng).One of the reasons that led to the downgrading of the Yuan according to China’s central bank is a way of shifting from an economy that depends on exports for growth to one that is based on consumer spending. The decision would further try to deflate the real estate market. Chinese policymakers were increasingly frustrated by the strategy of the export-dependent economy.

Questions in History Assignment Example | Topics and Well Written Essays - 750 words

Questions in History - Assignment Example very short period of time because by the end of like four months there was already the use of gas in vans as a form of automatic death with the aid of a senior commander named Herbert Lange (Fulbrook, 2001). In this article, the impacts of the ‘final solution’ have also been discussed i.e. impacts in the academic sector and the cultural effects of the same. The whole issue of brutally murdering the Jews and enclosing them in death camps is unimaginable and disturbed people’s minds such that even psychologists could not understand what could have been happening in the camps. Therefore, this left a great impact on the society because people lived in great fear of what would come next. In the academic sector, there have been many historical publications on dictatorship and such leaders and also on what happened during the killings of the European Jews. Many academic writers have also shown interest in how the Nazi concentration camps rose and also the Second World War; therefore these issues are still being taught in many learning institutions (Fulbrook, 2001). This happened between the years 1980 to 1990 and it tried to cover up the bad impression brought about by Nazism by trying to explain in a humane way. According to the holocaust, the Nazi concentration and death camps still existed just for a simple reason that the present people may remember what was happening in the past and not that they were sites for murder. However, the holocaust has faced much opposition from many historical analysts because they claim that it is difficult to understand such serious issues without the actual survivors. Furthermore, there is no common language that the survivors, if there were any, would use to pass the message whether in written or spoken form. Holocaust research is centred on information acquired from the actual victims of the final solution through video-taped testimonies and written literature (Fulbrook, 2001). The ‘final solution’ was accomplished by