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    The US Side Supports China's Gradual Promotion Of The Introduction Of RMB Into Special Drawing Rights.

    2011/1/20 9:31:00 54

    Sino US Joint Statement On Special Drawing Rights Of Renminbi

    China and the United States issued a joint statement in Washington on the 19 th. The statement pointed out that the US side supports China's gradual promotion. RMB Bring into special drawing rights Efforts.


       Sino US joint statement It proposed that the two countries build a comprehensive and mutually beneficial economic partnership. The statement said that President Hu Jintao and President Obama recognized that joint efforts to build a mutually beneficial and win-win economic partnership are extremely important for the two countries and the world economy.


    The statement pointed out that China and the United States agree that the currencies that are included in the SDR should be used only for currencies that are widely used in international trade and international financial transactions. In view of this, the US side supports China's efforts to gradually push the renminbi into special drawing rights. The statement said that China will continue to push forward the reform of the RMB exchange rate formation mechanism, enhance the flexibility of RMB exchange rate and change the mode of economic development.


    The statement pointed out that China welcomes the US commitment to quickly recognize China's market economy status through the Sino US Joint Commission on commerce and trade. China welcomes the Sino US discussions on the reform of the export control system that the United States is pushing forward, and the potential impact of this reform on the US's exports to major trading partners, including China, on the premise of meeting the national security interests of the United States.


    The statement said that the two sides recognized the importance of open trade and investment in promoting economic growth, job creation, innovation and prosperity, and reiterated that they would take further measures to promote global trade and investment liberalization and oppose trade and investment protectionism. The two sides also agreed to actively resolve bilateral trade and investment disputes in a constructive, cooperative and mutually beneficial manner.

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