Saturday, January 1, 2011
45 U.S. policy even further pressure throwing the old tune of China, said China's currency manipulation.
<P> U.S. local time on November 17, US-China Economic and Security Review Commission (SUCC) released a voluminous 300-page long report 2010, report to the U.S. Congress U.S. economic and security fields, the latest developments and trends .that some so-called "alarming" situation, and made 45 policy recommendations. .Old tune again showing the world the U.S. "selfish" nature. .</ P> <P> mention of currency manipulation </ P> <P> SUCC Committee Xisilaien (DanSlane) introduced the Road, USCC in 2000, China's accession to the World Trade Organization (WTO) when commissioned by the U.S. Congress .set up to "monitor, investigate and report to Congress on the progress of bilateral trade and economic relations on the possible impact of U.S. interests." .Since then, USCC debt to the United States each year submit a report. .</ P> <P> this year, USCC still use a lot of space to accuse China of "currency manipulation." .The report notes that since joining WTO, China's cumulative trade surplus of U.S. $ 1,760,000,000,000; more worthy of alert is the first 8 months of this year, U.S. goods trade deficit was 173.4 billion U.S. dollars, an increase of more than 21% over the same period last year .the deficit with China continued to account for the total deficit Sichengyishang. .USCC pointed out that the yuan undervalued 20-40% lasting Sino-US trade imbalance is caused by an important factor in Sino-US trade imbalance and RMB exchange rate underestimated the damage caused to U.S. employment. .</ P> <P> "the U.S. trade deficit is always in their own identity as a bargaining chip everywhere assumed 'by the aggrieved' attitude, and they believe that the way to change this situation only one, that is, and then forced him to adjust the currency appreciation .The prices of imported goods. However, they did not see the lesson the United States, Japan, is initially carried out under U.S. pressure in the exchange rate adjustment, however, the huge trade surplus with Japan and the U.S. is still no improvement. "Associate Dean of Economics, Fudan University Sun Lijian .on "International Finance" told reporters. .</ P> <P> "to solve Sino-US trade imbalance, is not that high and low prices, more effective way is to directly increase China's imports to narrow the U.S. trade surplus." Sun Lijian that, in fact China .to the United States intends to make purchases, increasing imports, the United States should reflect on how to create a better environment for this. .</ P> <P> In fact, the United States contradictory thinking is really a dilemma: both want to achieve trade balance between China and the U.S., but also hope that the Chinese holdings of U.S. Treasury bonds do not, or even to large-scale lending to the U.S. government. .USCC main issues of military security at the conference, Vice Chairman Bartholomew the phrase "Our main concern is that the Chinese retaliatory selling bonds," almost dumbfounding. .Obviously, for the "revenge" is defined, will be the "American standard." .</ P> <P> "The United States should face up, the Chinese trade surplus with the United States a considerable extent by the difference between the two countries and between rich and poor residents of differences in spending power and natural form." Sun Lijian that "the United States can not expect to China .the level of current income residents to do the same as the consumption level of U.S. residents. the United States should face up to the stage of China's economic development, and follow the historical law of development. blindly pushed as Destructive Enthusiasm, the result is a lose-lose. "</ P> .<P> accuse China of unfair foreign investment </ P> <P> conference, SUCC another interesting argument is that China is "the name of the banner of indigenous innovation, domestic enterprises to benefit highly discriminatory policy" .at all levels of government procurement obstacles for foreign-funded enterprises, eliminating the national state-owned enterprises in the WTO Government Procurement Agreement obligations. .</ P> <P> report pointed out that in the new energy field, China's state-owned enterprises through direct and indirect support and local enterprises, including low-cost transfer of land, artificially low interest rates means lower cost, fast becoming China's new energy export manufacturing .leader in the industry. ."China to maintain 8% GDP growth rate, which means its impossible to achieve environmental protection goals. Ironically, China's large-scale exports of new energy products, the environment is deteriorating." </ P> <P .> SUCC laugh at the expense of the environment in China to obtain GDP growth of speech, people have thought that an adult child toddler ridiculed the move, and this is undoubtedly a very naive attitude. .</ P> <P> "the United States accuse China of unfair foreign investors no reason. At present, the global economy is still in the non-normal state, each country in order to stimulate domestic economic development as our primary goal, can not sacrifice the interests of domestic enterprises .The state enterprises to save him. "Sun Lijian that" Governments are trying to save their enterprises and thus promote economic growth, but each take a different approach. Federal Reserve to provide funds to promote economic growth, regardless of the interests of other countries, insisting on the quantitative .easing trouble for the global manufacturing, resulting in high inflation countries, wealth. This is not only their own interests is the move you? "</ P> <P> SUCC advocated that China should relax capital controls, allowing Chinese residents .and freedom of enterprise Purchase to the appreciation of the renminbi and market direction. .In this regard, Sun Lijian asked, before asking China, as the largest international reserve currency the U.S. dollar, should take the responsibility of maintaining its stability, not because of Fed's easy monetary policy and further devaluation? .</ P>.
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