日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Economy

Yuan value at issue in trade fight

By Xin Zhiming (China Daily)
Updated: 2010-03-13 08:03
Large Medium Small

Beijing - A top Chinese legislator criticised the US on Friday for its "ungrounded" demand for faster yuan revaluation and urged the US to rethink its trade policies, amid growing concerns about increasing trade frictions between the world's two major economies.

He Keng, vice chairman of the Financial and Economic Committee of the National People's Congress, criticized the US blaming China's exchange rate policy for its trade deficit. "I've told some US legislators that their deficit with China has been caused by their trade policies, not the yuan's exchange rate."

He said the real reason is that the US restricts exports of some products to China.

Related readings:
Yuan value at issue in trade fight US insistence on RMB revaluation a 'mistake': Forbes
Yuan value at issue in trade fight RMB appreciation bodes its own time
Yuan value at issue in trade fight RMB is not a cure-all for US economy: IMF
Yuan value at issue in trade fight Nation won't fold on RMB

The US has long limited sales of expensive high-tech products, such as advanced machinery, to China. Its major exports to China are soybean and airplanes. "The US should sell more to China and should not reduce imports of Chinese products if it wants to narrow the deficit," urged Zhou Wenzhong, former Chinese ambassador to the US.

"Yuan appreciation would not only harm the Chinese economy, but that of the world, as some renowned economists, such as Nobel Prize winner Robert Mundell, have concluded, " he warned.

Robert Ward, global forecasting director, Economist Intelligence Unit, said: "Any quick currency movement is obviously destabilizing, and obviously bad for companies that can not handle different exchange rates." Moreover, if the Chinese government makes a mistake in its yuan policy, "The exports growth would collapse, which is bad for everybody, including America," he said.

Zhou said US trade deficit with other countries stems from its declining industrial competitiveness. "The solution lies in its success in enhancing its competitive edge, not pressing others to appreciate their currencies," he said.

It is generally believed that the US is trying to find a scapegoat for its domestic economic woes as its unemployment rate remains high while the mid-term election is coming.

"Just looking at the deficit alone I don't think it's helpful," he said. "But it's very useful for politics because it's very big number, especially for the election year and clearly Mr. Obama's popularity is coming down."

Zhou, also a member of the Chinese People's Political Consultative Conference (CPPCC), the country's top advisory body, predicted that given the US economic predicament and mid-term election, it cannot be ruled out that the Barack Obama government may get tougher with China in exchange for support from the Congress for approving his reform plans, such as the healthcare reform.

The US could impose more trade remedy measures against Chinese products and the "Chinese economic threat" hype could arise this year, he said.

Zhang Haizhou and Lan Lan contributed to the story.

主站蜘蛛池模板: 公共露出暴露狂另类av | 欧美日韩精品免费观看 | 亚洲特黄| 成人免费视频入口 | 亚洲日本中文字幕在线 | 自拍色图 | 国产在线探花 | 中文字幕在线天堂 | 精品国产福利 | 伊人加勒比 | 久久久99国产精品免费 | 亚洲欧美国产毛片在线 | 色中色综合网 | 国产女av| 欧美精品久久久久久久久46p | 亚洲天堂一区在线观看 | 久热中文字幕 | www男人的天堂 | 性亚洲| 深夜影院在线观看 | 亚洲第一男人天堂 | 欧美一级做性受免费大片免费 | 亚洲一区二区三区在线看 | 亚洲人毛茸茸 | 亚洲美女久久久 | 国产精品网页 | 精品美女一区二区三区 | 制服丝袜亚洲色图 | 中文字幕视频网站 | 五月婷婷综合在线 | 又紧又大又爽精品一区二区 | 国产男女无套免费网站 | 久久一区| 亚洲欧美网站 | www视频在线观看 | 久久久久久久久网站 | 天天操天天干天天干 | 91伊人网| 亚洲欧美高清 | 国产69久久精品成人看 | 夜夜天天干 |