NDI-6WA-Currency Neg Addendum - *NDI 6WA Currency Neg...

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**NDI 6WA – Currency Neg Addendum**
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AT Add-ons
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2NC AT: Yuan Devaluation
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SCS Add-on 1. This is literally a Neg card. Concede that a strong Yuan hurts Xi’s ability to militarize.
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U.S-China Relations Add-On 1. Turns the case – A Trump presidency will hurt US/ China relations. They cut the article too early, the paragraph after concludes negative that’s their Evans 7/8 card. Cross apply to elections. Evans 7/8, International Business Editor of The Daily Telegraph.(7/8/2016, Ambrose Evans- Pritchard, Telegraph, "World faces deflation shock as China devalues yuan at accelerating pace", http://www.telegraph.co.uk/business/2016/07/07/world-faces-deflation-shock-as-china- devalues-at-accelerating-pa/) Mr Williams said it is too early to tell whether this was active buying. “ If they are intervening it would set off a bomb in relation with the US, especially in the run-up to the US elections ,” he said. The White House has become neuralgic about the strength of the US dollar after a 20pc surge since mid-2014, one of the most dramatic spikes of the post-War era. US officials read the riot act at the G20 summit in Shanghai in February, warning Japan and Europe that use of negative interest rates as a stealth tool to drive down exchanges would not be tolerated . *****THEIR CARD ENDS HERE***** The clash with China is even more loaded with emotion. Republican candidate Donald Trump has accused China of “raping” the US with unfair trade policies , and the Democrats’ Hillary Clinton is no slouch in berating Beijing either. 2. No risk of Chinese Yuan devaluation – any decline is just depreciation Micklethwait 16 (John Micklethwait is editor-in-chief of Bloomberg News. "China Has No Plans to Devalue Yuan, Vice President Li Says," 1/21/16, pg. online @ www.bloomberg.com/news/articles/2016- 01-21/china-has-no-intention-to-devalue-yuan-vice-president-li-says) China’s vice president underlined the Communist leadership’s pledge to avoid pursuing a policy of devaluation of the yuan , after criticism that his nation’s policy makers haven’t been clear on their intentions with the exchange rate. " The fluctuations in the currency market are a result of market forces , and the Chinese government has no intention and no policy to devalue its currency ," Li Yuanchao, who is also a member of the party’s Politburo, said in an interview with Bloomberg News Thursday after arriving at the World Economic Forum’s annual meeting in Davos, Switzerland. Moves last year to make the yuan more responsive to market forces, and to end its peg to the dollar , have spurred confusion among market participants, and days ago the U.S. Treasury chief to urge clear communication on the matter . Secretary Jacob J. Lew’s message, delivered in a call with an aide to President Xi Jinping, was echoed in Davos by attendees including International Monetary Fund Managing Director Christine Lagarde.
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