男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影

Editorials

The people's currency

(China Daily)
Updated: 2010-04-06 07:55
Large Medium Small

As policymakers weigh how a possible yuan appreciation would affect the nation's importers and exporters, they have wisely turned to the use of stress tests that simulate what would happen if the exchange rate were to rise.

While many Chinese exporters, especially those that depend on labor, stress their vulnerability to any significant appreciation of the currency, the authorities should balance that with the benefits of a stronger yuan for Chinese importers.

Related readings:
The people's currency US would pay for strong yuan
The people's currency US delays yuan report 'to prevent showdown'
The people's currency Japan not to pressure China on yuan
The people's currency Test shows yuan rise may cut export profits

More importantly, they should keep in mind that the yuan's exchange rate is not merely a trade issue. And any decision on revaluating the yuan must also account for its impact on the Chinese people.

Reportedly China conducted a round of stress tests to see if Chinese exporters could withstand a yuan appreciation. Not surprisingly, the initial results were not encouraging: A 3-percent appreciation would wipe out a substantial part of the thinning profits of Chinese manufacturers while leaving many small- and medium-sized exporters in the red.

Undoubtedly, the predicament of exporters is a cause for concern. Yet, as China swallows up imports from the rest of the world at an accelerating rate - growth in imports is set to stay ahead of the pace of exports - policymakers must weigh more carefully the disadvantages of appreciation against the potential benefits for importers and the national economy.

The revaluation of the yuan also needs to be considered from the perspective of the people. The implications of a stronger yuan can be very different for various income groups. While the rich will enjoy a greater purchasing power from a yuan appreciation, the multitudes of the poor would have to bear the consequences of rising costs and fewer job opportunities.

The currency exchange rate is no cure to the widening income disparity. But its revaluation should not exacerbate the problem.

主站蜘蛛池模板: 白城市| 大洼县| 延安市| 镇康县| 长宁区| 长子县| 丁青县| 岑巩县| 台中市| 郧西县| 岢岚县| 揭阳市| 华坪县| 中阳县| 张家港市| 乐平市| 合山市| 宜黄县| 东辽县| 安西县| 确山县| 宁乡县| 乌海市| 巴楚县| 海淀区| 田阳县| 永寿县| 盱眙县| 凭祥市| 新龙县| 南岸区| 吴堡县| 华阴市| 沂水县| 肇东市| 修武县| 广州市| 颍上县| 乌苏市| 康马县| 邻水| 大余县| 乌拉特后旗| 洪洞县| 东阿县| 城步| 西峡县| 九龙县| 金乡县| 时尚| 井研县| 靖边县| 化德县| 麻城市| 阿瓦提县| 若羌县| 开封县| 渭南市| 冷水江市| 阳原县| 洛阳市| 谢通门县| 同心县| 松潘县| 阜新| 嵊州市| 黑龙江省| 阿拉尔市| 玛沁县| 车险| 留坝县| 怀柔区| 乌兰察布市| 景宁| 洮南市| 武冈市| 桑日县| 阳高县| 武功县| 玉树县| 富源县| 遵义县|