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May 19Th Lang Xianping: The Real Intention Of The US Forced RMB Appreciation.

2010/5/19 10:33:00 29

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As I said before, we are only half a step away from Japan before the great recession (the article is "new imperialism in China 2").

So what do you think is the real purpose of the US pushing us to appreciate the renminbi?

They clearly know that it is difficult for us to appreciate RMB by 20%.

The purpose is to talk about agriculture and services in the same way as they did in the first place.

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Allowing foreign investment to become

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Members completed bombing our trilogy, because we started margin trading in March 31, 2010 and began stock index futures in April 16, 2010.

In April 8, 2010, US Treasury Secretary Geithner returned to the United States after ending his two day visit to India. He suddenly changed his itinerary, temporarily visited Beijing, and held an over one hour closed door meeting with Chinese Vice Premier Wang Qishan in the VIP area of Beijing International Airport.

Both China and the United States have issued statements that are not specific and are evasive.

So what did Geithner get?

Such a tacit understanding with China?

We can see that the RMB exchange rate abroad is clear, that is, the so-called overseas one year RMB forward exchange rate against the US dollar.

As the graph goes down, the less yuan a dollar can exchange, the higher the RMB exchange rate is.

So, the trend that we see is going all the way down, that is, the so-called renminbi appreciation expectation, though our domestic foreign exchange.

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The renminbi has not changed much against the US dollar, but overseas.

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Because it's a financial speculator's freedom for Wall Street.

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Therefore, if these speculators feel that the RMB will appreciate, this curve will go down. Obviously, since the US pressure on China, the appreciation of the renminbi is expected to be very obvious.

But the magic is that in April 8, 2010, Wang Qishan met with the current US Treasury Secretary, Geithner, in Beijing. The closing price of the forward exchange rate was 6.61, and then the yuan began to depreciate.

Why should the long term RMB depreciate?

Because Wall Street believes that the United States has already achieved what the United States wants, so the yuan needs no appreciation or even depreciation. What does the Americans get?

Even Obama's position was very polite. In April 13, 2010, Obama and Hu Jintao held talks for 1.5 hours at the Nuclear Safety Summit in Washington.

"The president reiterated his view that China is heading for a more

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The exchange rate mechanism is very important for the sustained and balanced recovery of the global economy. "

Jeff Bud, chief Asia affairs adviser to the Obama administration, said.

On the same day, what did Geithner say all the time?

"China's shift to a flexible exchange rate formation system is of great significance, but whether the exchange rate policy is adjusted is the Chinese government's own choice."

But look at the mainstream scholars at home and abroad, but they are more fierce than Obama and Geithner.

Among them, we are more concerned about the two members of the central bank's monetary Committee, Li Daokui called for a slight appreciation of the renminbi, while Zhou Qiren called for a step in place.

The question is why do Americans care for us so much?

Jeff Bud's remark reminds us that Obama is also in China.

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Barriers to access "expressed concern".

How did Geithner declare himself to the US?

He said: "the US government will urge the Chinese government to open the market and uphold fairness.

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Rules. "

So what did we promise?

On April 13, 2010, the State Council issued the State Council's further efforts to make good use of foreign capital.

work

Several opinions.

First, encourage foreign investment to set up.

Entrepreneurship

Investment enterprises actively use private equity funds to improve the exit mechanism, and explicitly support the introduction of A share listed companies into domestic and foreign strategic investors.

In other words, we allow foreign capitals to buy Chinese companies in good faith and then cash in the Chinese capital market.

Second, support eligible foreign-funded enterprises to issue shares, issue corporate bonds and medium-term notes in the territory.

In other words, foreign companies are allowed to list money directly in China.

Third, the total investment (including capital increase) of less than US $300 million is completely handed over to local approval.

In other words, foreign enterprises can increase their capital step by step to achieve ultimate control.

Since foreign companies can openly blow up in the capital market, the financial speculators of Wall Street will become China directly.

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Are the members far away?

You know, a considerable part of the securities companies are already joint ventures, such as Goldman Sachs Gao Hua, UBS Securities, huaxo international, Credit Suisse founder, Sino German securities, Hai Da he, Huaxin securities and so on.

Although this is only an opinion and has not yet become a formal rule, what will be the consequences of this increase?

The "opinion" has clearly stated that China will soon open its capital market to foreign investors. That is to say, only half a step has completed the trilogy. The half step is that the joint venture brokers have not yet obtained their own business licence, that is, they can not take their capital to the Chinese stock market, while foreign financial institutions are not allowed to become.

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Member of the Institute.

However, let us not forget that the "bombing Trilogy" in Japan was completed in China, which is the real purpose of the Americans.

However, because too many mainstream scholars are calling for appreciation of the renminbi, they even include two academic members of the central bank's monetary Committee, Zhou Qiren and Li Daokui.

Even though Zhou Qiren recently changed his tune and emphasized the significance of currency stability, the discussion environment they set up was still imperative for the RMB exchange rate reform. They forgot that the United States was "planning to play the sword" and had an opinion on the exchange rate system. In fact, they wanted us to agree to face the foreign capital and open the financial market.

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