British newspapers declared hot central bank exchange rate.

<P> China's central bank announced on Saturday will further enhance the flexibility of the RMB exchange rate, but again on Sunday issued a statement saying that the RMB exchange rate adjustment will be gradual in nature. .British newspapers have carried a report and comment on this. .</ P> <P> "Washington Post" reported June 20 that the central bank's statement did not say when the renminbi will appreciate, and how much can the rate of appreciation, but this statement just published in the 20 .Group Toronto summit, so clearly designed to relieve pressure from Beijing. .</ P> <P> reported that Obama said in a statement, China's central bank move is a constructive step, it helps to maintain global economic recovery and can improve the equilibrium of the global economy .contribute. .But the report also pointed out that, critics of China's central bank is still skeptical about the effectiveness of the move. .They said that China has in the past, an international conference before the deadline or the release of the signal intended to let the yuan appreciate, but it is over for another silent. .The report quoted the words of U.S. Senator Charles Schumer, the contents of this vague and limited statement of intent is a typical response to outside pressure. .</ P> <P> British "Times" on June 19 reports that a senior Chinese central bank insider told the newspaper that the peg is no doubt the situation has ended, which means that will not happen again .one-off revaluation of the RMB exchange rate. .The sources said the central bank issued a statement through a long discussion before brewing, the Chinese government now for the annual appreciation of RMB has been reached. .He also said the yuan's trading band will not be expanded. .</ P> <P> reported, which may mean that the Chinese central bank will use the daily exchange rate mechanism to determine the benchmark to guide the gradual appreciation of RMB against the U.S. dollar return to the track. .Although the beginning of the RMB exchange rate movements may be small, but the next few months the cumulative rate of appreciation of RMB may reach a few percentage points. .</ P> <P> "New York Times" reported on June 20 focused on a put issued by China's central bank on Sunday "is not a one-time revaluation of the RMB exchange rate adjustment" of the statement. .Reported that China has announced plans to increase the flexibility of the RMB exchange rate after only one day to express any appreciation of the yuan would be gradual, it is obviously to appease the Chinese people and tell them to adjust the RMB exchange rate will not significantly. .</ P> <P> reported that there are signs that China's central bank statement on Saturday there had a negative response, many Chinese yuan to remain weak and strong exports as a symbol of national sovereignty. .Central bank on Saturday on the RMB exchange rate flexibility will enhance the statement on the Internet in China, sparked sharp criticism. .Reported that those who criticize the central bank posted net this statement seems to disappear quickly appeared, indicating that administrators actively Shantie. .</ P> <P> British "Guardian" reported on June 20 also noted the statement Sunday, China's central bank revalued the RMB exchange rate issue in a "retreat." .Reported that the Chinese central bank's statement on Sunday ruled out the possibility of a one-time increase of RMB exchange rate, and that the yuan exchange rate has no significant room for increase, which will make people wonder whether the significant appreciation of the renminbi. .</ P> <P> reported that China did not revalue the exchange rate of the real commitment, a new overseas caused discontent. .Some critics, especially Americans, are calling for punitive action against China, and accused China of keeping the yuan artificially low. .</ P> <P> report quoted the words of U.S. Senator Charles Schumer to cheers in the world China has finally changed its exchange rate policy is only a day after, China in backwards, and this proves that our initial suspicions held is correct. .Schumer said he would continue to work together with other politicians to urge the U.S. Congress to take legislative action to force Beijing to end its "unfair trade policies." .</ P>.