DiscussionFor this module I want you to discuss the following topic:"ShouldChinabe forced to alter the value of its currency?"TheUnited Statesand the European Union members are pressuring the Chinese...

Discussion For this module I want you to discuss the following topic: "Should China be forced to alter the value of its currency?"The United States and the European Union members are pressuring the Chinese government to float its currency, yuan. As you are well aware the United States is suffering from a large and growing trade deficit with China. Our domestic firms which produce the same products that are imported from China are unable to compete with them. Chinese companies, due to low labor costs, have a huge competitive advantage over the American firms. Our Exporting firms, due to low value of yuan, are also at competitive disadvantage. Leaders of both political parties and some business interests (manufacturing sector) in the United States have put pressure on the past and current U.S. Administrations to force the Chinese to revaluate their currency so that American firms can compete with their Chinese counter part. On the other hand, business interest lobbying for the American companies (such as WalMart) arguing such a change in yuan value will result in higher prices for imported goods. As a result American consumers shopping in those stores will end up paying higher prices, which ultimately will result in higher inflation rate in the United States. Instructions: To read the point and counter-point of this argument and express your opinion on this topic please follow instructions below: One to two paragraph ( half page maximum ) While in the discussion, read the point and counter-point which I have provided on this topic, then click on the forum in which you'd like to comment (point or counter-point).   HYPERLINK "javascript://" \o "View message list for Point: Yes" Point: Yes  Some U.S. politicians want to pressure China to increase the value of the Chinese yuan, which until recently has been tied to the U.S. dollar. They claim that the yuan is the cause of the large U.S. trade deficit with China. This issue is periodically raised not only with...