Presidential Candidates 2016

The will be held on Tuesday, November 8th, 2016  ♦  2016 Presidential Candidates






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CHINA


China
The People’s Republic of China is the most populous country in the world, with a population of over 1.3 billion. It is also the third largest country in the world. Popularly referred to as ’The Middle Kingdom’ in classical Chinese literature, the term China is believed to be a corruption of the Sanskrit word ’Cina’, made famous by legendary Italian adventurer Marco Polo. The country shares its border with 14 countries and is fenced by the East China Sea, Yellow Sea, South China Sea and Korea Bay.

Politically, China practices an adapted brand of communism and socialism, one which allows its 22 provinces to co-exist with five autonomous regions and two special administrative regions (Macau and Hong Kong). The nation is effectively governed by the State Council, which is led by the President and Premier, under the watchful eye of the Communist Party of China and the People’s Liberation Army, which incidentally, is the largest army in the world.

China has the third largest economy in the world, and is the United States’ second biggest trading partner, with trade totaling $456.8 billion for the fiscal year 2010. However, China's exports to US exceed their import by a massive $273 billion, growing over three times in the past ten years. They are also our biggest foreign lender, holding various US Treasury instruments valued at almost a trillion dollars.

China's arrival as a major economic player has been privately attributed to its currency controls, a selective adherence to World Trade Organization policies, their policy of subsidizing national enterprises to fight off foreign competition and their lax enforcement of Intellectual Property Rights.

It is apparent that China needs to be brought into the bargaining table. But the question is, how?


Source: Department of Commerce



 

 


Former Governor of New Mexico

Gary Johnson

Presidential Candidate Gary Johnson

Johnson Position on China

The continued trade imbalance between the two countries is a matter that concerns Johnson as it contributes to the burgeoning budget deficit. However, he acknowledges that it is a complex situation, as the very same trade balance allows the Chinese to purchase US currencies and monetary instruments that for all intents and purpose, is keeping the US economy solvent.

More on Johnson  



 
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