久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

US EUROPE AFRICA ASIA 中文
Business / Avoids 'currency manipulator' tag

It's time to move beyond dispute over RMB exchange rate

(Xinhua) Updated: 2011-12-28 15:40

BEIJING - In its latest report, the US Treasury Department on Tuesday declined to name China as a currency manipulator, sending out a clear and positive signal that would soothe the market and benefit bilateral and world trade.

The RMB exchange rate has been a major source of dispute between China and the United States over recent years.

Though a trade problem in nature, the RMB exchange rate issue has been politicized over and over again in Washington and targeted by political candidates in various election campaigns from time to time.

However, the politicizing of the RMB issue proved to be both energy consuming and uneconomical. Moreover, it hurts the economic and trade cooperation which is one of the cornerstones of Sino-US relations.

Over the years, the two nations have made huge progress in trade ties, and now they are each other's second-largest trade partner. There is even bigger potential to explore in decades to come.

From a global perspective, as emerging economies including China are playing an increasingly important role in world trade and finance, the shift of power balance sometimes led to frictions and readjustments.

What is needed in such a process is active negotiation and coordination instead of negative response such as clash and containment.

On the issue of the RMB exchange rate, China's policies, measures and orientation are crystal clear, and the outcome is obvious as well.

Compared to six years ago when China started its currency rate reform, the RMB has appreciated against the US dollar by over 22 percent.

Figures from the US side showed that the RMB went up 40 percent in value against the US currency on a real basis in the past five years if inflation is not factored in.

They also point to the fact that appreciation of the Chinese currency is not a solution to Washington's chronical woes such as trade deficits.

Just like the process of China's economic development, the RMB exchange rate reform and the internationalization of the RMB will be a gradual and long-term process. Pushing for a sharp rise or decline in exchange rate or seeking an once-for-all solution would be both unrealistic and harmful.

Therefore, it is time to move beyond the useless, meaningless quarrel over the exchange rate and look to the broader picture and new areas for both bilateral and global trade cooperation.

In that sense, the US Treasury report sent out a positive signal.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 91香蕉国产| 美女黄网站 | 一区在线免费 | 亚洲成人网页 | 久久久久久尹人网香蕉 | 国产高清av在线播放 | 亚洲精品视频在线观看视频 | 国产第一福利影院 | free性欧美嫩交 | 美女扒开腿让男人桶爽免费动态图 | a国产| 亚洲成人黄色片 | 欧美精选欧美极品 | 91国内精品久久久久免费影院 | 国产在线极品 | 国产精品视频久久久久 | 成人黄网18免费观看的网站 | 免费一级在线 | 一级黄色毛片免费看 | 男人天堂网在线视频 | 91久久国产露脸精品免费 | 最新国产午夜精品视频不卡 | 国产女人成人精品视频 | 久色tv| 91免费网站在线看入口黄 | 亚洲人成网站观看在线播放 | 久久道| 波野多结衣在线观看 | 久久视频免费 | 在线免费成人 | 国产高清在线观看视频手机版 | 亚洲高清一区二区三区久久 | 美女视频永久黄网站免费观看国产 | 99精品在线看 | 日韩美一区二区三区 | 国产精品情人露脸在线观看 | 国内高清久久久久久久久 | a免费毛片在线播放 | 久青草国产在线 | 免费的毛片 | 免费观看三级毛片 |