The currency reform bill won’t make much of a difference in the economy: it’s gradual and makes numerous assumptions
Dr. Richman 10. (Howard, co-author of Trading Away Our Future. “The Currency-Reform Bill Won't Work: What Should Replace It and Why.”July 4, 2010. http://seekingalpha.com/instablog/336665-howard-richman/80015-the-currency-reform-bill-won-t-work-what-should-replace-it-and-why). LRH.
Later in the commentary, Fletcher points out that the bill is seriously flawed because (1) it acts slowly and (2) it relies upon industries filing lawsuits with the Commerce Department: Would the ... currency-reform bill get us out of this trap, if it passed? As noted, it's definitely a positive move, but it's still just a start. Its key limitation is that its approach is gradualist and, above all, reactive, because it depends on victimized industries filing lawsuits under the trade laws. So it will ultimately need to be supplemented with a much more comprehensive strategy. Fletcher doesn't mention two other very serious flaws: Relies upon Obama administration. It relies upon the Treasury Department to declare the yuan to be an undervalued currency and upon the Commerce Department to act when a U.S. company is hurt because of an undervalued currency. But the Obama administration has been reluctant to take any action, whatsoever. Does not address Chinese barriers to U.S. products. It does not address China's many tariff and non-tariff barriers to American products.
Chinese currency reform won’t lead to significant changes in the economy
Parameswaran 10. (Parameswaran, writer for The Age. “China's yuan move too soon to judge: Obama.” The Age. June 25, 2010. http://news.theage.com.au/breaking-news-world/chinas-yuan-move-too-soon-to-judge-obama-20100625-z885.html). LRH.
In Beijing, foreign ministry spokesman Qin Gang, reacting to lawmakers' demands for sanctions on China over the currency issue, said that a yuan appreciation would not solve the ballooning Chinese trade surplus with the United States. As part of a global rebalancing effort, G20 leaders have called for export-driven, surplus economies such as China to boost domestic consumption and for wealthier economies such as the United States to slash their massive debt and deficit. "We believe the appreciation of the yuan cannot bring balanced trade and cannot help the US solve its problems of unemployment, overconsumption and low savings," Qin told journalists. "We hope the US can reflect on the problems of its own economic structure, instead of playing blame games and imposing pressure on others."
US military presence in other countries angers hardliners in China
Godement 2009
(François Godement is Director of the Asia Centre at Yale, “Obama in Asia – Part I“, YaleGlobal Press, November 16, http://yaleglobal.yale.edu/content/obama-asia-part-i)
For their part, Chinese leaders and experts abstain from any emphasis on bilateral Sino-American cooperation. About global economic governance, for example, they either point out America’s responsibility in sparking the 2008 global crisis, or they encourage a more systemic reform of the international economic system. Neither they, nor the US, talk very openly of the role that the world’s two intertwined giants might take together in solving their mutual imbalances, and the implications for third parties. Beijing is still full of hard-line realists in think tanks or the press, who point out strategic disagreements with America. There is also a revival in China of the five principles of pacific coexistence as a guiding principle for foreign policy. This revival serves as a bulwark against what China feels are incessant calls for increased responsibilities and burden sharing. As China’s footprint widens, it is indeed called to take a leading role in resolving problems from North Korea to Iran, from climate change to public governance in Africa. On president Obama’s visit, Afghanistan and Pakistan have been added to this long list. So even if Chinese experts talk of a long-term decline of American influence and strategic leverage, they are the first to point out, defensively, that the US is still in the driver’s seat. Clearly, China prefers to sit back and eventually criticize from a distance. This is consistent with its long-standing strategic conservatism, but also with the view that the burden on the West is increasing with time. Offering good offices between parties, or perhaps whispering some realist advice to a rogue state, seems to be the extent of China’s strategic cooperation. On North Korea, China has simply not changed its basic stance, not even after two nuclear tests. On Taiwan, where America has rooted for a government that is now more in sync with Beijing than ever, there has been no let up in China’s missile deployment across the Taiwan straits. In South Asia and about AfPak – today’s hot war – there is no sign of movement by China beyond communiqués on terrorism. Quite the contrary, China criticizes some aspects of the US military presence, and has pushed on a U.N. enquiry into civilian deaths from aerial strikes in Afghanistan. On Iran, there remains political advocacy and shyness about sanctions, a cocktail not so different from the North Korean case, and with more business interests. On China’s forward deployment of ships to the Somali coast, it hasn’t led to more cooperation or coordination with other nations. Not be forgotten either the incident with the USS Impeccable in March 2009 off the coast of Hainan which served to remind that China disagrees with pervasive US military presence in its neighborhood.
Link Turn - Nationalists Hate Containment
Chinese nationalists are strongly opposed to U.S. forces aimed at containing them.
Bodeen 10 (Christopher, Journalist, “Chinese nationalists increasingly strident”, Yahoo News, http://news.yahoo.com/s/ap/20100625/ap_on_re_as/as_china_nationalism) MKB
BEIJING – Upcoming joint U.S.-South Korean naval drills have sparked an unexpected outcry from Chinese nationalists, whose fiery rhetoric has been stoked by their country's rising economic strength and global clout. While North Korea often issues diatribes condemning the routine war games off South Korea, this time, it was Chinese blogs and websites that exploded in anger at word that an American aircraft carrier might join the drills, bringing it close to Chinese waters. Some hawks even urged their country's military to make its own show of force. "China should cover the Yellow Sea with ships and missiles and open fire and drive them back should the American military dare invade our territorial waters," a commentary on the popular ccvic.com news website demanded, though Beijing has given no sign it will make any military response. Such nationalist rhetoric jibes with a growing outspokenness among ranking members of the People's Liberation Army that is stirring concern abroad and could hamper China's quest to be regarded as a rising — and responsible — member of international society. While Chinese nationalism has been growing for the better part of two decades, the unusually vociferous response this time reflected a sense among Chinese that their soaring economy and rising profile on the international scene deserve greater respect. The challenge for the country's leadership: Find a way to assuage nationalistic sentiments and assert newfound global influence while maintaining stable ties with Washington and a placid regional environment. The anti-submarine exercises in the Yellow Sea near China's eastern province of Shandong are expected to begin late this month, although no official date has been given. U.S. defense officials say the Navy is considering dispatching the massive nuclear-powered aircraft carrier USS George Washington to the waters where North Korea allegedly sank a South Korean warship in a major show of force by the U.S., which has vowed to protect South Korea and is seeking to blunt aggression from North Korea. China's Foreign Ministry this week registered its concerns that the drills could prompt further rash behavior from North Korea's isolated and erratic communist regime. Many here, however, see more nefarious intentions behind the war games. "The U.S. is directly threatening China by sailing an aircraft carrier into the Yellow Sea," wrote defense blogger Brother Guangdong on the Western Military Affairs site. "China must respond firmly and show the American imperialists we won't be pushed around."
The nationalists are strongly opposed to current Chinese policy towards the U.S. They promise to be more violent towards policies of containment.
Seckington 9 (Ian, Senior Research Officier- North Asia and Pacific Research Group, “Nationalism, Ideology, and China’s Fourth Generation Leadership”, Page 3) MKB
Popular nationalism can be critical of official policy. It certainly calls for more decisive action in defence of China's interests, especially against the US than the Party may be willing to countenance. Take a passage from China Can Say No: "All thoughts of trusting to luck must be abandoned. Oppose containment, this is the grand strategy China must adopt in the course of Sino-US relations. Every step that the US takes to contain China, we must give tit-for-tat, we cannot have the slightest bit of indulgence or tolerance. For example, if some US Congressmen turn a resolution on America protecting Taiwan into effective action; for example if they succeed in putting the Taiwan Relations Act before the ShanghaiCommunicque and betray the basic principles of the Shanghai communiqué‚ raising the quality and number of weapons they export to Taiwan; if they continue to encourage Lee Teng-hui to visit the US for a second time; and if they continue to send special envoys to meet the Dalai Lama...then without any hesitation we must lower the level of our diplomatic relations”.
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