Monday, January 3, 2011
Focus on the core of Sino-US dialogue is not the topic of the RMB exchange rate.
<P> Seems to have become an established practice, prior to each high-level dialogue, "the RMB exchange rate" is always mentioned in one of the topics was broad. .However, the second round of the Sino-US strategic economic dialogue with Eve, from all reaction, the "appreciation" is to maximize the dilution, if all 20 should be the speech of China Assistant Finance Minister Zhu Guangyao a word - .- quiet. .</ P> <P> First of all, judging from the market, unlike previous large swings before each dialogue, whether domestic RMB spot market or overseas RMB NDF (non-deliverable forward) market, are changing .small. .</ P> <P> Second, despite the pressure of RMB appreciation in the United States Members of the voices coming out from time to time, but the U.S. government's official position has been much more moderate. .</ P> <P> 18, U.S. Senator Charles Schumer and Graham led a team sent a letter to U.S. Treasury Secretary Timothy Geithner, said that China refuses to publish the International Monetary Fund last year (IM F), after consultation .write a report, and the IMF report in the assessment of China's exchange rate policy, including exchange rate manipulation may prove that China intends to gain an unfair trade advantage of conclusive evidence. .However, the RMB exchange rate has always been "dissatisfied" and 18 publicly Geithner said in appreciation of the renminbi would help U.S. exporters of fair competition, but in talks with China next week, he will mainly focus on reducing barriers to trade. .Asked whether the issue with China entered into an agreement on the RMB, Geithner said, "I think not, I think China just need to show the world that can take very much action in its own interest." </ P> .<P> "does not attach importance to the United States is not the exchange rate, and just be more aware of it, indulge in a little shouting and pressure effects are not, China will not succumb to U.S. pressure. down tone is clearly more strategic communication of the .an approach. "Zhao Qingming of China Construction Bank senior researcher on the" Economic Information Daily "told reporters. .Seems to have become the practice, before each high-level dialogue, "the RMB exchange rate" is always mentioned in one of the topics was broad. .However, the second round of the Sino-US strategic economic dialogue with Eve, from all reaction, the "appreciation" is to maximize the dilution, if all 20 should be the speech of China Assistant Finance Minister Zhu Guangyao a word - .- quiet. .</ P> <P> First of all, judging from the market, unlike previous large swings before each dialogue, whether domestic RMB spot market or overseas RMB NDF (non-deliverable forward) market, are changing .small. .</ P> <P> Second, despite the pressure of RMB appreciation in the United States Members of the voices coming out from time to time, but the U.S. government's official position has been much more moderate. .</ P> <P> 18, U.S. Senator Charles Schumer and Graham led a team sent a letter to U.S. Treasury Secretary Timothy Geithner, said that China refuses to publish the International Monetary Fund last year (IM F), after consultation .write a report, and the IMF report in the assessment of China's exchange rate policy, including exchange rate manipulation may prove that China intends to gain an unfair trade advantage of conclusive evidence. .However, the RMB exchange rate has always been "dissatisfied" and 18 publicly Geithner said in appreciation of the renminbi would help U.S. exporters of fair competition, but in talks with China next week, he will mainly focus on reducing barriers to trade. .Asked whether the issue with China entered into an agreement on the RMB, Geithner said, "I think not, I think China just need to show the world that can take very much action in its own interest." </ P> .<P> "does not attach importance to the United States is not the exchange rate, and just be more aware of it, indulge in a little shouting and pressure effects are not, China will not succumb to U.S. pressure. down tone is clearly more strategic communication of the .an approach. "Zhao Qingming of China Construction Bank senior researcher on the" Economic Information Daily "told reporters. .</ P>.
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