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

Geithner's dash on yuan

(China Daily)
Updated: 2010-04-09 07:53
Large Medium Small

Editor's note: Mr. Geithner must understand two points to ensure his visit's success. First, China has to solve domestic economic problems. Second, the US has lots to do before asking China to have a speedy currency policy change.

If you think United States Treasury Secretary Timothy Geithner's impromptu visit to Beijing will give a clear picture of where the renminbi rate will go, think again. It only adds to the unpredictability of China's currency.

Few are expecting that his visit will produce any immediate breakthroughs on China's currency policy. On the other hand, as economic relations between the two countries mend following Washington's step back from naming China as a currency manipulator, Geithner's visit does offer hope that the two sides might be reaching a common understanding on China's currency policy.

Related readings:
Geithner's dash on yuan Wang, Geithner exchange views on economic relations
Geithner's dash on yuan Geithner's visit signals warming ties
Geithner's dash on yuan Geithner heads to Beijing for talks

Due to domestic concerns over the impact of a hasty appreciation on both the trade sector and the overall economy, the Chinese government has insisted on keeping the renminbi stable at a balanced and reasonable level.

A key message for the US treasury secretary is that if China is to change its currency policy, these domestic problems must be properly addressed first.

In other words, the pace of domestic adjustment will largely determine whether China will let the renminbi appreciate and how fast it does so.

The recent easing in Sino-US economic ties also indicates that the US government has recognized how unproductive it was in politicizing the exchange rate issue.

Hence, another message for Geithner is that if the US wants to see a speedy change in China's currency policy, it actually has a lot to do before blaming the renminbi for all of its economic woes once more.

A rapid appreciation of the Chinese currency will not only cause a loss in the value of China's foreign exchange reserves but also incur undesirable fluctuations in the global commodities markets.

One obvious way to minimize, if not avoid, such consequences will require the US to open its door wider for Chinese importers and investors.

Can Geithner take that message home quickly?

(China Daily 04/09/2010 page8)

主站蜘蛛池模板: 广德县| 鹰潭市| 涞源县| 山丹县| 浏阳市| 仁化县| 双流县| 明星| 彰武县| 岳普湖县| 南川市| 吉林省| 偏关县| 大方县| 乐安县| 会宁县| 体育| 东乡县| 南川市| 仁怀市| 二手房| 巴林右旗| 涿州市| 新河县| 长沙县| 罗定市| 克拉玛依市| 博罗县| 许昌县| 舒兰市| 呼图壁县| 台湾省| 洪湖市| 福海县| 饶河县| 云南省| 永吉县| 南丹县| 清原| 保亭| 连云港市| 会同县| 华亭县| 石楼县| 迁西县| 克什克腾旗| 抚顺县| 昌邑市| 张家港市| 屏东县| 稻城县| 双峰县| 仙居县| 邢台县| 哈巴河县| 布拖县| 凤阳县| 吴桥县| 石首市| 武邑县| 新建县| 左贡县| 离岛区| 凤山市| 清徐县| 嘉荫县| 磐安县| 蚌埠市| 滕州市| 赤壁市| 山东省| 北京市| 勐海县| 龙州县| 宣武区| 健康| 肇州县| 嘉峪关市| 卢龙县| 含山县| 景德镇市| 万年县|