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REVIEW ON INTERNATIONAL MARKETS
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The US should concentrate on being more competitive economically
true
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The opposite of upturn
slowdown / downturn
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The Chinese save less of their income than Americans
False: "China has also said the fact that Americans save much less of their incomes than the Chinese do has increased the trade deficit"
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The opposite of dispute
co-operation / agreement
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The opposite of surplus
deficit
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The US should be protectionist
False: "The US should focus on improving its overall economic competitiveness instead of seeking protectionism..."
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The opposite of free trade
protectionism
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The US should argue for a stronger Chinese currency in order to reduce the US's trade deficit with China
False: "it should not argue for a stronger currency (...), since the value of the yuan is not the fundamental cause ..."
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Americans have recently bought Chinese-made goods at low prices
True
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The US and China should focus on the openness of their trading relationship
true
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The US should recognize how much the CHinese currency has already risen against the dollar
true
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