In RMB, the United States is a big stick and the carrot, radish, so that the back and forth.
Recently, the United States Treasury Department once again postpone publication "exchange rate report", but this is not to say that the United States gave up the pressure on to RMB.
According to waimei this morning (10.18) reported that the United States is interested in moving to a group of twenty (G20) Summit meeting, launch once again.
Waimei on G20 Summit difficult hopes
India economic times this morning (10.18) reported that United States National Economic Council President Larry Summers · said that China's exchange rate policy is facing increasing "attack", and in the upcoming G20 Summit, this issue will be on the agenda for "high suspended".
Summers said, after the financial crisis, in most countries, particularly in Western countries tried to promote economic growth, it is difficult to accept this massive shift of demand.
United States and other countries want is, China allows the appreciation of the Renminbi. This can reduce China's exports, thereby contributing to the global economic balance again.
In addition, summers sermon for the global economy and national contribution and balance, is his understanding of the United States Obama in Seoul to discuss G20 Summit hope.
However, China has repeatedly stressed that the RMB is not to be a US domestic issues of the "fall guy" and "lightning".
August 11th, 12th, G20 Summit will be held in Seoul. However, the media seems doesn't think much of this Summit, the United Kingdom in respect of the financial times said that the G20 Seoul Summit difficult hopes.
The report said, as the global "currency war" began, they can only be in Seoul that reinforced cement of the jungle, a mess of a quarrel, but unable to establish a new Bretton Woods system.
Background news
IMF annual meeting failed to reach a consensus
The International Monetary Fund (IMF) and World Bank annual meetings in plenary session, held in Washington, d.c. in early this month.
According to reports, the United States Waimei Treasury Secretary Geithner called IMF is RMB behave "more active", but the IMF refused to put pressure on China RMB issues, the meeting was unable to reach a consensus.
United States New York Times reports that on 9 June, the annual meeting of the IMF, the world finance ministers fail to agree on how to control the problem of monetary disputes escalate.
Reported that, in addition to "speak out" United States, the EU, Japan and other countries of the "silent" called on the IMF Annual Conference, was unable to because of the appreciation of the renminbi and the proposal to put pressure on China to make a difference, this topic will be postponed for further discussion.
Recently, the United States continued to RMB to put pressure on China, and even tried to place the issues of internationalization.
Geithner previously issued to the IMF, the Bourne Ultimatum threatened if the IMF is not in the Renminbi exchange rate issues "more effective position" may lose the United States in a range of topics on the Organization's support.
Therefore, Korea's Central Bank Governor Kim Chung-soo said he hopes the Group of 20 countries in November Seoul Summit prior to the currency problem to find solutions.
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