LEADER 00000cam a2200829 i 4500 003 OCoLC 005 20240129213017.0 006 m o d 007 cr ||||||||||| 008 200617t20202020njua ob 001 0 eng 010 2020025713 019 1182845274|a1191838970 020 9781119699156|q(electronic book) 020 1119699150|q(electronic book) 020 9781119699149|q(electronic book) 020 1119699142|q(electronic book) 020 9781119699163|q(electronic bk.) 020 1119699169|q(electronic bk.) 020 |q(hardcover) 024 8 16773385 029 1 AU@|b000067284852 029 1 AU@|b000069703894 029 1 AU@|b000072393481 035 (OCoLC)1159624386|z(OCoLC)1182845274|z(OCoLC)1191838970 040 DLC|beng|erda|epn|cDLC|dYDX|dN$T|dYDX|dDG1|dYUS|dEBLCP |dOCLCO|dOCLCQ|dOCLCO|dK6U|dOCLCQ|dOCLCO|dOCLCL 042 pcc 043 a-cc---|an-us--- 049 INap 082 00 382.0951/073 082 00 382.0951/073|223 099 eBook O'Reilly for Public Libraries 100 1 Yeung, Raymond Y. T.,|eauthor. 245 10 China's Trump card :|bcryptocurrency and its game-changing role in Sino-US trade /|cRaymond Yeung.|h[O'Reilly electronic resource] 264 1 Hoboken, NJ :|bJohn Wiley & Sons, Inc.,|c2020. 264 4 |c©2020 300 1 online resource (xvii, 285 pages) :|billustrations (chiefly color) 336 text|btxt|2rdacontent 337 computer|bc|2rdamedia 338 online resource|bcr|2rdacarrier 504 Includes bibliographical references and index. 505 0 Cover -- Title Page -- Copyright Page -- Contents -- Acknowledgments -- About the Author -- Preface -- Chapter 1 An Unconventional Trade Feud -- 1.1 Thanos and Trump -- 1.2 What Causes the Trade War? -- 1.2.1 Trump's Unilateralism -- 1.2.2 A Stubbornly Large China Deficit -- 1.2.3 Unfair Trade Practices -- 1.2.4 "China Dream" vs. "America First" -- 1.3 The Novelty of This Trade War -- 1.3.1 The Art of Being Unpredictable -- 1.3.2 Breaking the Bulk in Tranches -- 1.3.3 A Battle for Technology -- 1.3.4 Leverage Geopolitical Issues -- 1.4 Economic Impacts and Consequences 505 8 1.4.1 Slowdown in Trade and Investment -- 1.4.2 Relocation of Production Base -- 1.4.3 Negative Impact on US Business and Consumers -- 1.5 Trade War and Deglobalization -- Annex A: China's Belt and Road Initiative -- Annex B: Official Statements from the US and China -- Annex C: Major Timeline of the Trade War -- Chapter 2 Trade Imbalances and the Greenback -- 2.1 The Missing Link between Trade and Currency -- 2.2 Stubbornly Persistent US Trade Deficits -- 2.2.1 Stylized Facts of the US Trade Balance -- 2.2.2 The Economics of Trade Balance -- 2.3 Is the Exchange Rate to Blame? 505 8 2.3.1 Currency Revaluation -- 2.3.2 Exchange Rate in Trade Talks -- 2.4 Exorbitant Privilege of the Dollar -- 2.4.1 Triffin Dilemma -- 2.4.2 Quantitative Easing -- 2.5 Dollar Recycling and the Global Saving Glut -- 2.5.1 Petrodollar Recycling -- 2.5.2 China's Factory-Dollar Recycling -- Chapter 3 Deglobalization Prompts De-Dollarization -- 3.1 Anti-Multilateralism and Anti-Sovereign Movement -- 3.2 The Globalization Cycle -- 3.2.1 Globalization 1820-1914 - - 3.2.2 Postwar Globalization -- 3.3 Currency Globalization -- 3.3.1 Financial Integration and the Hubs 505 8 3.3.2 Currency Standard and Trade Bloc -- 3.4 Financial Deglobalization -- 3.4.1 Capital Mobility and Financial Crises -- 3.4.2 Financial Crises and Populism -- 3.5 End of Cycle: De-Dollarization -- 3.5.1 The Transition Regime -- 3.5.2 De-Dollarization and the Trade War -- Chapter 4 China-US Financial Decoupling -- 4.1 Trade War and the Yuan -- 4.2 The Yuan in the Monetary Policy Context -- 4.2.1 Reforms in the Transitional Period 1979-2004 -- 4.2.2 A Tightly Managed Floating Regime 2005-2015 -- 4.2.3 Managed Floating Post "811" -- 4.2.4 Currency Outlook and Reforms 505 8 4.3 Globalizing the RMB in the Deglobalizing World -- 4.3.1 De-Dollarization -- 4.3.2 RMB Internationalization - - 4.4 Reserve Diversification10 -- 4.4.1 China's Holding of US Dollar Assets -- 4.4.2 Alternative Assets -- Chapter 5 A Race on the Digital Turf -- 5.1 Reform and Technology Independence -- 5.2 China's Structural Challenges -- 5.2.1 Demographic Challenge and Overleveraging -- 5.2.2 Supply- Side Structural Reforms -- 5.3 China's Digital Economy -- 5.3.1 Digitalization and Structural Rebalancing -- 5.3.2 China's Tech Policy -- 5.4 The Tech Rush and the Little Chips 520 "The trade war and geopolitical issues have increased the risk of a financial decoupling between China and the US, the world's two largest economies. This book provides a thorough analysis of the major issues underlying the economic conflict and presents new factors coming into play as the global economy undergoes digital transformation As the trade war between the US and China escalates, with the US continuing to raise new tariffs on Chinese goods and China hitting back in kind, there seems to be no end in sight to the economic battle. The World Economy in Digital Times provides an in-depth discussion on this import tit-for-tat battle and sheds light on the various underlying issues whose scope is beyond the normal trade negotiations. On the surface, the economic dispute seems to have been brought about by globalization and protectionism. However, Raymond Yeung argues that the deeper reason behind this is the currency misalignment and the current global trade arrangement"--|cProvided by publisher 588 0 Online resource; title from digital title page (viewed on August 27, 2020). 590 O'Reilly|bO'Reilly Online Learning: Academic/Public Library Edition 600 10 Trump, Donald,|d1946- 600 17 Trump, Donald,|d1946-|2fast 650 0 Tariff|zChina. 650 0 Tariff|zUnited States. 650 6 Tarif douanier|zChine. 650 7 Commerce|2fast 650 7 International economic relations|2fast 650 7 Tariff|2fast 651 0 China|xCommerce|zUnited States. 651 0 United States|xCommerce|zChina. 651 0 China|xForeign economic relations|zUnited States. 651 0 United States|xForeign economic relations|zChina. 651 6 États-Unis|xCommerce|zChine. 651 7 China|2fast 651 7 United States|2fast 776 08 |iPrint version:|aYeung, Raymond Y.T.|tChina's Trump card. |bFirst edition.|dHoboken : Wiley, 2020|z9781119699125 |w(DLC) 2020025712 856 40 |uhttps://ezproxy.naperville-lib.org/login?url=https:// learning.oreilly.com/library/view/~/9781119699125/?ar |zAvailable on O'Reilly for Public Libraries 938 ProQuest Ebook Central|bEBLB|nEBL6273964 938 EBSCOhost|bEBSC|n2553855 938 Recorded Books, LLC|bRECE|nrbeEB00831986 938 YBP Library Services|bYANK|n16876462 938 YBP Library Services|bYANK|n301421751 994 92|bJFN