Sunday, December 12, 2010

United States and China put pressure on market opening strategy or shift.

<P> Barack Obama arrived in India on November 6 second largest city of Mumbai, began a 10-day four-nation tour of Asia. .Obama will have visited India, Indonesia, Korea and Japan. .According to foreign media reports, this is Barack Obama since he took office the longest trip, the main task is to develop the Asian market, to promote U.S. exports, thereby reducing the domestic unemployment rate. .</ P> <P> Asian tour talking about the purpose of this visit, Obama 4, said: "That is going there with an American company to open up markets so that we can in Asia, those in the world's fastest-growing .market to sell things, so that we can create jobs in the United States. "</ P> <P> Some analysts believe that Obama's trip to Asia again that the United States for the maintenance of self-interest is in Asia," Heavy .battle. " .Other analysts said the move may be to take advantage of Obama's foreign policy to ease the blow mid-term elections, and save the falling support rate. .In the U.S. local time Nov. 2 at the mid-term elections, Obama belongs to the Democratic Party lost majority in the House of Representatives, only a slight advantage to keep the Senate majority. .</ P> <P> "Christian Science Monitor," 4 reported that, although Obama has not set foot in China, but when he met with world leaders, China's economic, political and military strength of the rise of .looming will be included in the agenda. .</ P> <P> expert analysis, although the Obama schedule the Asia excluding China, but also insight into the "era after the midterm elections," the U.S. strategy - the face of jobless economic recovery situation, opening up overseas markets .or will become, after the U.S. mid-term elections in the policy focus. .At the same time, the U.S. trade policy priorities also shift will occur. .</ P> <P> "mid-term elections, the United States trade policy towards China will change the contents, press the RMB exchange rate will turn urged China to further open up the market." Renmin University of China state relations Jin told " .Economic Information Daily, "an interview that the Democratic Party has always been more concerned about the reduction of U.S. imports, in order to promote job growth in domestic workers, and therefore repeatedly put pressure on the renminbi, and the Republican Party is more concerned about the expansion of export markets, especially advocated an increase in exports of goods to .China, the United States is likely to increase the aspirations of the Chinese market opening, but also put forward more in the protection of intellectual property requirements. .</ P> <P> Hong Kong Bauhinia Foundation Research Centre Zhu Wenhui, senior research director, also said the Republican Party and big business has always been close, so the Republicans will be valued the Chinese market. .They want to open the Chinese market, rather than repeatedly entangled in the exchange rate in China. .</ P> <P> addition, with the midterm elections over, as election rhetoric "China issue" will gradually cool down, gradually dilute the political factors, exchange rate pressures will be eased. .China Institute of Contemporary International Relations, International Economic Research Institute, Chen Fengying of the "Economic Information Daily," told reporters that the Republicans do not like staring at a market and hold the Democratic Party, but advocate the development of multilateral trade, opening up export markets. .In addition, due to changes in the structure of parliamentary politics may be more cautious decision making Obama, the Obama administration's trade protection policy will be constrained and convergence. .</ P> <P> "is worth noting that the game between China and the U.S. approach is to diversify." Chen Fengying suggest that the exchange rate, capital, trade and so the United States launched an attack on the Chinese economy turns using "tool." .This trend may be more prominent after the mid-term elections, because of political pressure, Obama began to reflect the effect of policy toward China. .</ P> <P> Jin Canrong said that although the "election syndrome" temporarily disappeared, along with changes in the structure of the U.S. Congress party, anti-free trade sentiments have also been diluted, but the U.S. unemployment rate is still high and the pace of economic recovery .slow, bilateral trade and economic structural problems still exist between the two sides of the friction is also still exists. .</ P> <P> In addition, the separation of both houses of Congress will lead to increased domestic partisan struggle, which also adds the future of Sino-US economic and trade relations of uncertainty. .Chen Fengying analysts say the opposition parties always bring the ruling party "cut", so the Republicans will likely use the "China factor" for the Democratic Party, trouble in the long run exchange rate and other issues will remain prominent. .In addition, the ruling party is still the Democratic Party, to fight the idea of exports has not changed, the competition between the long-term U.S. presence, the pattern will be no major changes. .</ P> <P> Zhu Wenhui said, in the "era of post-mid-term elections", the Obama Administration is not forgotten in the political, economic, military and other parties to put pressure on the face of the RMB. ."Obama's trip to Asia is not China, but he said the RMB exchange rate to full attention to the purpose of the G20 summit to get the support of other Asian countries to put pressure on the Chinese." </ P> <P .> School of Economics, Renmin University of China professor Wang Jinbin on the "Economic Information Daily" said that from past history, in relation to U.S. national security or national interests of the issues, the U.S. has always been a strong cross-party consensus on the basic U.S. trade .policy will not change. .In addition, given the ruling or the Democratic Party, therefore, in the U.S. economy is still expected to trend deflation under the trade friction between China and the U.S. will be the norm. .</ P> <P> Wang Jinbin said Sino-US economic relationship has become the world's largest developing country and least developed countries in economic relations. .Nature of globalization will not be reversed. .In this context of the global division of labor, economic and trade relations will move toward the direction of greater respect for deepening comparative advantages and development, taking into account the volume of trade friction to the total trade volume accounts for only less than 5%, it will not change the normal, the better .trend. .</ P>.

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