Chinese Sword Making
Posted By admin on June 4, 2010
chinese sword making
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China did not fix the exchange rate by Shopia
Close for a long time now, the U frequently the problem to put pressure on China, and some of the U government business holding “monetary imbalances” the standard, and the sword refers to the RMB , and persecute the speedy appreciation of the yuan. The reporters insiders, China’s currency manipulation by does not exist, the U is the of the manipulator, can’t use the marketization of to deal with the “political” brand, otherwise it will damage to the healthy development of China’s economy.
China did not fix the
October 14,, the Treasury issued a statement, released has delayed the latest issue of the international economic and policy report, it also means that the U will put on whether China is “manipulating its currency ” ruling report put off until 2011 released later in the year.
Earlier, the U senate voted “in 2011, the currency supervision reform act, requires the government to” was undervalued “impose punitive tariffs on main trading partners.
American officials say, “China’s currency manipulation,” a direct impact on the U.S. employment. Effective to solve this problem is good for the U employment market, and cost is not high also.” And some of the U senators say the yuan is undervalued by 25% to 40%, makes the Chinese company in international trade has “not fair price competitive advantage”.
For the U.S. side of the accused, Chinese people’s university professor of international economics department radar our correspondent said: “China of course not manipulate , but the U.S. have traces of manipulation.” Radar analysis said, “the U is one of China’s largest market, the choice of regime was a country’s sovereignty, China never manipulate the behavior of the . In fact, if watch carefully, the U has to manipulate the trace of the , the first, it is a reserve currency to replace the gold dollar, to avoid the gold reserve assets of the U out of the bad influence, and may, through the issuance of dollars consolidate its assets; secondly, the U still through other means, such as the implicit control rating agency continues to lower foreign credit rating, and this is one of the means of the manipulation of the money.”
China’s foreign investment research institute President TanYaLing to our reporter says, the U of the yuan’s monopoly reflected in the price of RMB to replace the value of the yuan system reform. U.S. officials are being requirement RMB, manufacturing pressure of public opinion formation of RMB appreciation environment; The U mature financial institution in the Chinese market constantly push the yuan appreciation expectations, leading and guide China market speculation renminbi; The U financial professional technology in overseas market pull litre RMB the future price expectations, cause the appreciation of the RMB external conditions. Our professional technology and the shortage of we face the U is RMB “appreciation theory” and “operation theory” need to be vigilant and reflections.
The U.S. hopes that China to cover the cost
Why the U is frequently to press China?
“The reason is very simple, the U in 2008 to the global financial crisis by trade ShunChaGuo adjustment costs to bear.” Radar said, “in the trade imbalances, if the gold standard, trade surplus party would have appeared inflation, prices will rise, and the trade deficit party will appear deflation and price will drop, in this case, the trade structure will adjust the U wants to put pressure on the value of RMB , the suppression of means to make China such trade ShunChaGuo to undertake more economic structure adjustment and trade imbalances of the cost.”
TanYaLing think, the U.S. currency manipulation by the main objective is to end to China’s development. “The U is for the yuan’s seemingly global strategy, price during the war, but in fact is the U.S. monopoly force in global layout and plunder. Therefore, to discuss the current force of RMB focus can’t too limited, too short and too simple.” TanYaLing said.
China can’t lost yuan reform direction
The accused and pressure facing the U, China’s many insiders are pointed out, the U alleged trade imbalances phenomenon is not from the RMB , but in the context of globalization international professional division of differentiated be caused by, in fact, in recent years the yuan appreciation, has made China a more foreign trade export enterprise loss. At present, China’s urgent task is to clear the RMB policy directions, and the long-term and stable policy, not the external environment around the next get lost.
Radar said, the RMB reform should follow the market rules. With the development of our national economy, the yuan or will further appreciation. But the RMB and system reform should conform to the market rules, and with the domestic economic development and restructuring adapt, in the long run, conform to the market rules rate adjustment of economic structure adjustment is beneficial. Deal with the RMB , should consider China’s vital interests, China should not be also not for financial crisis onto, also not for the current U.S. economic recovery pace slow check, that China’s economic interests in pure damage and formation of a balance of the world economy held impassability, China’s economic harm.
Fudan university, vice President of the school of economics, finance professor SunLiJian points out, in the RMB , that simply by receiving the appeal to the U to repair relations between China and the U, so “turning the passive to active,” DaoBi China’s industrial structure adjustment of idealistic view of the healthy development of China’s economy is very harmful
About the Author
My name is Shopia , this website contains a great high quality products such as China LED Light Tube, LED Downlights Dimmable, welcome to visite LED Ball Bulbs .
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