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Trade War Hits G20 Negotiating Table &Nbsp; United States, Japan And Europe Jointly Pressure China Rare Earth To Launch China.

2010/11/2 9:36:00 40

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The issue of RMB has not gone far, and the United States has begun to find new excuses to launch difficulties in China.

Beijing time on October 27th, the White House said President Obama may present China's rare earth on the G20 Summit (twenty).

Exit

Quota problem.

Media reports said that the issue of free trade will become one of the focuses of the Seoul summit.

In the warm-up meeting last weekend, although G20 members promised not to fight the exchange rate, international

currency

The IMF reform is also progressing smoothly, but trade issues may be mentioned on the -11 conference held on November 10th in Seoul, South Korea, at the G20 conference table.

A few days ago, the United States and Japan began to pressure European countries to put pressure on China and ask China to release the free trade of rare earth. German economic minister Bruederele said he would join the "pressure" ranks.

The easiest way to reach an agreement is not to let G20 disappear.

In October 27th, Yonhap reported that at the Seoul summit, countries will set up a permanent mechanism for G20 mechanism and set up permanent offices as a discussion topic, which is expected to be passed next year when the summit is held in France.

At present, G20 has not yet had an office. Some people worry that G20 will eventually be suspended as the crisis goes away, and that the summit must be institutionalized in the light of the steady development of the global economy in the future.

The G20 summit will be held in France and Mexico in 2011 and 2012 respectively.

Germany's excuse is that rare earth is an important material for the production of lithium batteries for electric vehicles.

rare earth

Electric vehicles are unable to function, trying to impose the "blame" that fails to fulfill energy conservation and emission reduction to China.

However, whether the United States, Japan or Germany, they all like to take the blame lightly, without mentioning the pollution harm caused by rare earth mining to China's agriculture, forestry, water resources and human health.

Bloomberg reported that the United States and Japan will make the trade of rare earth difficult for China on G20 and expect some developed European countries to follow suit.

The trade war has been launched, whether the exchange rate war is reappearing or not. It also depends on the initiatives of the Federal Reserve at the conference on interest rates in early November.

Some experts believe that if China and the United States agree on trade wars, the pressure on the Federal Reserve to continue quantitative easing will ease, the US dollar will stabilize, and the exchange rate war will also be solved. But the United States is determined to win over other countries by forcing China in a variety of ways, which is not conducive to solving the international economic recovery.

In addition, there are still great differences in the establishment of a fair system of global financial supervision, and the road to G20 is still brunet.