The US Exchange Rate Report Is About To Come Out Of &Nbsp; It Is Believed That China Has Little Chance Of Manipulating The Exchange Rate.

The US Treasury's exchange rate report will be released on October 15th (Friday).

Three times to avoid labeling China "

Cao Yuanzheng, deputy CEO and chief economist of Bank of China International Holdings Limited, told the daily economic news reporter that it was the US dollar's devaluation that caused the global monetary anchor to drift, which is the root cause of the current global exchange rate turbulence.

Many experts said that in view of the game of various interests, the US Treasury decided that the possibility of China's manipulation of exchange rate was small, and the possibility of delayed reporting was greater.

Small possibility

Will the Ministry of Finance finally label China a "currency manipulator"?

Liu Yuhui, director of the China economic evaluation center of the Financial Research Institute of the Chinese Academy of Social Sciences, told reporters that 60% of China's exports to the United States were completed by multinational corporations. The fact that the appreciation of the RMB too quickly would damage the interests of us pnational corporations is very clear to the United States.

According to Geithner's consistent statement, combined with the recent appreciation of China's renminbi, it is unlikely that the statement will pass.

Li Wei said that appreciation is in line with China's own economic development requirements. The key to the problem lies in the time and mode of appreciation.

He said that China's strategy should be to increase flexibility on the bottom line. The bottom line is that the appreciation of RMB against the US dollar will remain at 5% throughout the year, or the effective exchange rate will appreciate by 3%-4%. Under this premise, we should further promote the magnitude and flexibility of RMB appreciation.

In fact, there is a lot of room for operation, and the appreciation rate is 5% a year, so it is not a big problem.

But Liu Yuhui believes that in the face of this kind of game, what China can do is drag, because the United States is clear that the appreciation of the renminbi can not change the US deficit.

But under the pressure of votes, politicians need to talk about it.

The US government has little chance of rapid appreciation of the renminbi, and the renminbi will appreciate, but there will be a compromise between various interests and compromise.

US dollar depreciation leads to global monetary anchor shift

There is a foreign media view that the RMB needs to appreciate gradually and sustainably, and at the same time, the United States must stop its self depreciation.

Editorials published in the financial times say that criticism of China is almost too convenient. It distracts attention to other pressing issues, while other countries have responsibilities to take action against those problems.

The agenda after the crisis not only covers international monetary policy arrangements, but also includes fiscal policy coordination, financial regulatory reform and structural changes in the financial structure, that is, determining the status of all parties in global economic governance.

Cao Yuanzheng, deputy CEO and chief economist of BOC International Holdings Limited, told reporters in the daily economic news that due to the control of the capital account of the renminbi, capital flows could not flow freely, and the formation mechanism of the RMB exchange rate could not be formed.

At present, the US dollar is the most important currency in the world. Due to the continued easing of the US dollar monetary policy, the global monetary anchor is drifting, which is the root cause of the current global exchange rate turbulence.

He suggested that the United States should give the world a clear signal about the US monetary policy after the mid-term elections, and that global consultation can fundamentally solve the current problems.

At present, how the exchange rate dispute will evolve is not known, but avoiding the escalation of the exchange rate dispute into a trade war has become a widespread consensus among the parties.