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

Top Biz News

Sharp revaluation of yuan would be 'lose-lose' situation

By Li Xiang (China Daily)
Updated: 2010-03-22 10:13
Large Medium Small

Sharp revaluation of yuan would be 'lose-lose' situation

"I believe the currency adjustment that is being suggested by the West is the wrong way to go," Stephen Roach, chairman of Morgan Stanley Asia Ltd, said at a news conference in Beijing on March 19. [Bloomberg]

Morgan Stanley Asia boss blasts columnist who argues RMB's value should rise

BEIJING: The debate over China's currency policy is heating up among economists with Morgan Stanley Asia Chairman Stephen Roach saying that a sharp upward revaluation of the yuan would lead to a disastrous outcome for the United States and it would end up as a "lose-lose situation" for both Washington and Beijing.

Related readings:
Sharp revaluation of yuan would be 'lose-lose' situation High diplomacy has yuan problem in hand
Sharp revaluation of yuan would be 'lose-lose' situation Forcing China to revalue currency may boomerang
Sharp revaluation of yuan would be 'lose-lose' situation Revaluing the renminbi
Sharp revaluation of yuan would be 'lose-lose' situation China calls on Washington to cool yuan pressure

"I believe the currency adjustment that is being suggested by the West is the wrong way to go," Roach said in Beijing.

If China were to adjust its currency sharply higher, the Chinese share of the US multilateral trade deficits would shift to another country, a higher cost producer, which would have the effect of imposing a tax on American workers that the politicians are in theory trying to protect, according to Roach.

"This is a disastrous outcome for the United States and would certainly be a very bad outcome for Chinese exporters as well," he said.

Roach spoke as a storm is brewing between Washington and Beijing over China's currency policy. The US Congress is to hold a hearing this week during which American lawmakers are expected to force the Obama administration to take tough action against China for its "manipulation of currency". He said he was very worried about the outcome of the mounting trade friction between the US and China that he believed could lead to a series of escalating events between the two countries.

"The renminbi is the lightning rod in the post-crisis period. It is important for all of us to address this brewing storm before the clouds become too dark and there is actually lightning," he said.

In a debate with Nobel-winning economist Paul Krugman last week, Roach blasted Krugman's stance on tougher American action toward China, calling his advice "very bad" and "completely wrong".

"We should take out the baseball bat on Paul Krugman. I mean I think that the advice is completely wrong," Roach said. "We're lashing out at China rather than tending to our own business", which should be raising US savings, he said.

Krugman in a recent column accused China of keeping the yuan's value artificially low to benefit its exports and said the US may need to get more aggressive in its talks with China by treating the exchange rate as a countervailing duty or other export subsidy.

 

主站蜘蛛池模板: 美女三级在线 | 欧美曰批人成在线观看 | 国产盗摄一区二区三区 | 欧美成人三级伦在线观看 | 成人国产一区二区三区精品 | 国产高清一级片 | 欧美毛片大全 | 日韩亚洲欧美综合一区二区三区 | 4四虎44虎www在线影院麻豆 | 狠狠色丁香九九婷婷综合五月 | 亚洲国产一区二区a毛片日本 | 日韩加勒比在线 | 中文精品久久久久国产网址 | 国产精选经典三级小泽玛利亚 | 欧美另类孕交免费观看 | 996热在线视频 | 国产一级毛片午夜福 | 在线有码| 久久久久久综合成人精品 | 中文字幕在线一区二区在线 | 国产高清无专砖区2021 | 日韩a毛片免费全部播放完整 | 国产在亚洲线视频观看 | 国产综合精品在线 | 毛片免费看看 | 欧洲成人全免费视频网站 | 亚洲国产第一区二区三区 | 日本精品1在线区 | 九九热爱视频精品视频高清 | 天天躁天天碰天天看 | 亚洲小视频在线观看 | 亚洲视频在线观看网址 | 欧美一区二区三区日韩免费播 | 美女一级毛片免费不卡视频 | 91精品国产91久久久久青草 | 亚洲一级毛片欧美一级说乱 | 中国做爰国产精品视频 | 美女让我桶 | 久久国产影视免费精品 | 王朝影院一区二区三区入口 | 99久久综合给久久精品 |