Global currency "is war," "protect the Chinese" in order to stabilize global.

<P> U.S. Eastern Time October 10, the International Monetary Fund (IMF) and World Bank in Washington in 2010 ended a three-day meeting, the two international financial institutions from the 187 member states on improving the .international monetary system, and promote world economic recovery and reform of the IMF on a heated discussion. .</ P> <P> China's central bank governor Zhou Xiaochuan said at the meeting, the global economic recovery is still not optimistic about the situation, called for IMF and World Bank should improve the international monetary system, the major reserve currency exchange rates remain relatively stable, but also to speed up financial .system reform. .</ P> <P> global currency, "the war" </ P> <P> the world financial crisis has not yet dispersed the smoke, suspicions have been floated the currency of war, the exchange rate issue has become the focus of this annual meeting. .During the annual meeting, many members of view is a more agreeable, if the IMF and the World Bank do not take measures to stop Japan, Brazil and some emerging economies have begun to measure the depreciation of its currency, a currency within the world of war .is very high. .</ P> <P> yen of its own manufacturing industry, Japan was forced in the October 5 and then cut, the central bank benchmark interest rate from the current 0.1% to zero. .This is generally considered a precursor to the outbreak of war money. .</ P> <P> the same time, the United States accelerated depreciation of the dollar and gradually threatening the U.S. assets held by the country's economic and financial security, and now the yen and the euro devaluation due to various reasons, of course, there will be more countries to join the .depreciation of the game field, and this "wheel war" is threatening the global economic recovery. .</ P> <P> at the annual meeting of the World Bank and IMF should be called upon not to manipulate their currencies for economic recovery as a new weapon, the two major financial institutions have not yet come up with specific measures is expected that this legacy will .G20 summit in further deliberations. .</ P> <P> Sun Lijian, vice president of economics at Fudan University to accept the "International Finance" in an interview said that this money is forced to the outbreak of the war, sought a safe haven in the manufacturing results of the national initiative. .The old manufacturing country to a new economic growth point in the expansion of external demand, the original number of the consumer-oriented developed economies to solve the employment and stimulate economic recovery, the focus also on how to expand exports. .U.S. led the world's major reserve currency devaluation turns, resulting in most of the hot money flowing into Brazil and other emerging economies, inflation pressures, so these countries must take the initiative to ensure economic security. .</ P> <P> "guarantee China" in order to stabilize the world </ P> <P> at the annual meeting, IMF's Strauss-Kahn said the system stability is critical, the importance of system stability with the countries and regions including the United States ., UK, Eurozone, China and Japan. .</ P> <P> present, the ongoing restructuring of China's economy needs a transition time, then the need to safeguard the stability of the RMB exchange rate. .Many scholars believe that if the U.S. put pressure on many countries, together with appreciation of the renminbi, is bound to harm the global economic recovery, because the U.S. is being dragged down the global economic recovery is slow, if you lead the recovery in the Chinese economy "accident", the world economic recovery will cast a new shadow .. .This is also the IMF annual meeting in a more agreeable perspective. .</ P> <P> World Bank President Robert Zoellick stressed the appreciation of the renminbi is not a solution to global imbalances "panacea." .</ P> <P> the People's Bank of China Governor Zhou Xiaochuan said China's currency reform will be gradual and orderly manner, and will not take so-called "shock therapy", the next few months, China will carefully assess the financial policy .and monetary policy, to determine the future direction of the economy. .</ P> <P> Sun Lijian that the sharp appreciation of the yuan as a global economic recovery driven straw idea is wrong. .China will never matter sorted with the United States made "a stupid mistake." .As the world are trying to devalue the currency, the Chinese can do, "not to devalue," responsible for the global economy is already a practice, it is important to maintain not appreciate. .</ P>.