SENATE RESOLUTION: Chinese Currency Manipulation Resolution (Passed)

[Senator-elect Spark]

As the sponsor of this resolution, I believe it is in the interest of our land to set an example for upholding the standards of international law and conduct. That China's behavior is lacking in this instance, and to preserve territorial integrity and freedoms worldwide.

[Senator-elect Spark]

Nay

[Senator-elect Spark]

I would like to be heard on the matter.

I believe it is imperative that we counteract and denounce these actions by China in Eastern Asia. If we fail to take an active role on the matter, who will? It does not matter about how a country appears to be, this resolution is concerned with the matters as they are. This is the People's Republic of China's total strategy, to put up a facade and then blame the defending country as the aggressor. It has been part of their tactics all along and it must end now.

[Senator-elect Spark]

How about shifting the purpose of this from currency manipulation to a more general statement about predatory trade practices by the Chinese?

That was my original intent.

[Senator-elect Spark]

China's salami slicing practices basically entail using subversive tactics to expand their territorial claims by being the aggressor and then claiming self-defense when another nation retaliates.

[Senator-elect Spark]

SENATE RESOLUTION

To condemn the People's Republic of China in its currency manipulation and subversive actions in the Asia Pacific region

Be it Resolved in both Houses of Congress Assembled,

Section 1. Background

In flagrant violation of international law, the People's Republic of China has taken a series of actions that involve uses of force to instigate retaliation between its neighbors such as India. If no action is taken on the part of Atlasia, the two countries will be set on a path toward war. The purpose of this resolution is to condemn China's practices and tactics as it relates to their un-quenched desire for territorial expansion at the expense of the rest of the world.

As it relates to currency manipulation, China is able to set the value of its currency as it sees fit as it possesses a centrally-planned economy. This provides an unfair advantage to the People's Republic of China because the value of other nations' currency continues to fluctuate. By lowering the value of their currency, China gains an unfair advantage. While steps have been taken in recent years, the Republic of Atlasia shall monitor this activity closely to regain an international trade balance.

Section 2. Definition
1. Salami slicing practices entail using subversive tactics to expand their territorial claims by being the aggressor and then claiming self-defense when another nation retaliates.

Section 2. Adoption
1. The passage of this resolution will create a watch-list and add China as a member country
2. Upon passage, The Republic of Atlasia will officially condemn China's "salami-slicing" practices in Asia.

I'd like to propose this amendment.

Sponsor: Spark
Senate Designation: SB28:13

[Senator-elect Spark]

I support that amendment.

[Senator-elect Spark]

Aye