subject: Rmb Appreciation Expand "verbal Wars" Are Hurt The Textile Industry - Textile, Clothing - [print this page] RMB exchange rate once again faced with a choice moment. Recently, the United States, all menacing, and frequently put pressure on the RMB exchange rate, and even requested that one of China as a currency manipulator.
"The United States is in the 'momentum', we have to deal with this round of public opinion in the same tone offensive." Yesterday, the China Foreign Exchange Research Institute AERONAUTICAL reporter's interview, said China's attitude on the RMB has been very clear that "RMB exchange rate has not been underestimated," the Chinese media should not be utilized by the U.S. media.
Appreciation of the renminbi "war of words" RMB appreciation
a "war of words" is being launched across the ocean.
From the beginning of this year, Obama said on several occasions, this year he will "persuade" the Chinese let the yuan appreciate.
3 14, Premier Wen Jiabao and Foreign answer a reporter's question made it clear, the RMB exchange rate has not been undervalued. July 2008 to February 2009, which is a very difficult time in the world economy, the RMB real effective exchange rate of 14.5%.
But only a day after the U.S. House of Representatives of 130 collective launched an attack on China's exchange rate policy, they said, to urge the Government to use all available resources to promote the end of China a currency manipulator, is no longer undervalued exchange rate to promote exports. The lawmakers also called on Chinese exports to the U.S. impose countervailing duties.
This, the Chinese Commerce Ministry spokesman Yao Jian response to some people in the United States if the U.S. trade deficit and the U.S. economy failed to recover as a reason for the appreciation of the RMB would be no basis and meaningless. He believed that trade deficit is not caused by the RMB exchange rate, but a result of globalization and the phenomenon of hope in overcoming the economic problems the United States, while, as an advocate of free trade, rather than hinder those.
3 16, the United States more than 10 Senate Democrats and Republicans in Congress held a press conference to announce a new bill related to the exchange rate issue, the proposed changes to the existing recognized standards of currency manipulation, the Ministry of Finance to use the new " objective criteria "to make the finds in China, and authorized the Commerce Department to take appropriate punitive measures. This proposal again to the United States voices for appreciation climax.
"The final say whether the appreciation of the Chinese"
3 16, the central parity of RMB against the U.S. dollar to 1 U.S. dollar against 6.8263 yuan, compared with 15 of 6.8261 yuan edged lower, to March 9 for the first time lower. Central parity of RMB against the U.S. dollar after rising steadily for 5 consecutive days, once gave birth to the expected appreciation of the RMB.
"Now the pressure of RMB appreciation is indeed great, but the official statement from the point of view, more firmly." AERONAUTICAL told reporters, Premier Wen Jiabao has explicitly expressed the attitude of the RMB exchange rate, the RMB appreciation should be said by their own calculation, "as developing countries have trade surplus is a normal thing, this does not become a reason for forcing the RMB appreciation. U.S. trade deficit and a sluggish economy and not the responsibility of its own in the others."
"Do not predict the future trend of the yuan, to the West to the tongue. The United States is now the public opinion in order to 'rally', and we should be a means to rally public opinion." AERONAUTICAL said he had just participated in a discussion of renminbi appreciation Council, she strongly recommended that "public opinion is now China's caliber should be unified."
Back in February, when the economist Andy Xie, the author, on the "dark cloud pressure city" to describe the RMB's appreciation. He said the upward pressure from the United States more heavily than ever before. "China should not simply the defense, to take early and constructive measures to avoid friction before the expansion."
Xie suggested that China should now respond positively to both U.S. and Chinese economies can benefit from the initiatives, including the launch of the Shanghai International board as soon as possible to reduce tariffs on some imported goods, agricultural products and opening up China to the U.S. markets.
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