• <abbr id="ck0wi"><source id="ck0wi"></source></abbr>
    <li id="ck0wi"></li>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li><button id="ck0wi"><input id="ck0wi"></input></button>
  • <abbr id="ck0wi"></abbr>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li>
  • Home >

    How Does The RMB Exchange Rate Affect The US?

    2013/7/19 8:59:00 117

    RMB Exchange RateExport

    (P) Federal Reserve Chairman Bernanke recently accused China of maintaining a low exchange rate for stimulating exports.

    Although in recent years, the a href= "http://sjfzxm.com/news/index_cj.as" > RMB exchange rate < /a > has continued to hit a record high, the US still emphasizes the undervaluation of the renminbi.

    On the one hand, the United States needs to boost exports. On the other hand, Sino US trade is not balanced. The pressure on the appreciation of the RMB exchange rate can solve these two economic problems.

    < /p >


    "P > exports and inbound tourism downturn are evidence that the current RMB is overvalued. The undervaluation and overvaluation of the RMB exchange rate are equally inappropriate and should be corrected to normal. With the rapid increase of RMB currency, the RMB tends to depreciate.

    < /p >


    < p > < strong > Federal Reserve Chairman Bernanke accused China of maintaining low exchange rate for stimulating exports: < /strong > /p >


    < p style= "text-align: center" > img border= "0" alt= "align=" center "src=" /uploadimages/201307/19/20130719090508_sj.JPG "/" < < > >


    Bernanke, chairman of the Federal Reserve, attended the hearing of the Financial Services Committee of the house of Representatives 17 days ago. On the policy of China and Japan and the question of foreign currency exchange rate, Bernanke said, "China has been managing its own exchange rate for many years, and it has been below the real level for many years, so as to increase its exports." P

    This is what economists call a zero sum game. Basically, when China benefits from it, we will suffer.

    < /p >


    P, as chairman of the Federal Reserve, Bernanke criticized the RMB exchange rate undervaluation from his own interests and sought an advantage in Sino US economic and trade cooperation.

    < /p >


    P President Obama has said he hopes to double US exports of goods and services over the next 5 years to 1 trillion and 570 billion US dollars in 2009 to create millions of jobs.

    < /p >


    < p > according to the statistics released by the US Department of Commerce, in 2012, the total export volume of the United States amounted to 21959 billion US dollars, an increase of 4.4%; < a href= "http://sjfzxm.com/news/index_q.asp" > trade deficit < /a > 540 billion 400 million US dollars, down 3.5%.

    China's trade surplus with the United States increased by 218 billion 920 million US dollars to 8.2%.

    < /p >


    P shows that on the one hand, the United States needs to boost exports. On the other hand, Sino US trade is not balanced. The US pressure on the appreciation of the RMB exchange rate can solve the above two economic problems.

    This is why the United States has been emphasizing RMB undervaluation for ten years.

    < /p >


    < p style= "text-align: center" > img border= "0" alt= "align=" center "src=" /uploadimages/201307/19/20130719090518_sj.JPG "/" < < > >


    < p style= "text-align: center > > more and more signs indicate that the overestimation of the real effective exchange rate of RMB has dragged down the growth of the whole Chinese economy < /p >


    The real effective exchange rate of RMB P has appreciated by more than 30% since 2005. Hong Bin, chief economist of HSBC Greater China, said that there was ample evidence that the yuan was very close to its equilibrium level in 2011.

    < /p >


    < p > China's economy has been slowing down since its peak in 2007, and this slowdown has increased in recent years.

    However, the RMB exchange rate has gone against the trend.

    < /p >


    Since the beginning of this year, the renminbi has realized a nominal appreciation rate of 2% against the US dollar. If it is weighted by < a href= "http://sjfzxm.com/news/index_c.asp" > US dollar < /a > index, the actual appreciation of a basket of currencies will be as high as 6%. "P"

    This is considered to be a proof of the overestimation of the effective exchange rate of the RMB.

    The chief economist of the Industrial Bank, Lu political commissar, also said that the RMB exchange rate has been overvalued.

    < /p >


    < p > in the first half of this year, the export growth of foreign trade enterprises slowed down rapidly, and the survival of enterprises was difficult.

    The biggest reason is that the rise in exchange rate squeezed profit margins, resulting in serious lack of confidence in orders and shrinking orders.

    < /p >


    At the same time, in the first half of this year, China's entry and exit tourism market appeared "ice and fire double days" situation: on the one hand, inbound tourism revenue has negative growth, while outbound travel has increased significantly. P

    < /p >


    < p > inbound tourism downturn is considered to be a circumstantial evidence of overvaluation of the RMB exchange rate.

    The appreciation of the renminbi has increased the cost of traveling to China. However, the cost of outbound travel has become low for Chinese people. This also makes the huge increase of outbound tourism form a great contrast with the continuing downturn of inbound tourism.

    {page_break} < /p >


    < p > < /p >.


    < p > < strong > RMB exchange rate depreciation is expected to increase < /strong > < /p >


    < p style= "text-align: center" > img border= "0" alt= "align=" center "src=" /uploadimages/201307/19/20130719090524_sj.JPG "/" < < > >


    < p style= "text-align: center >" in 2013, the global competitive currency devaluation is getting stronger and stronger, while the RMB is obviously lacking in elasticity. < /p >


    < p > as we all know, the RMB exchange rate undervaluation and overestimation are equally inappropriate and should be corrected to the equilibrium level. Therefore, the expectation of RMB devaluation will increase in the future.

    < /p >


    < p > because of the larger appreciation of RMB in the first half of this year, foreign trade encountered a more severe external environment, and China's exports were worse than its neighboring countries.

    Data show that China's import and export value increased by 8.6% in the first half of the year, and imports and exports in June were the first negative growth in 16 months.

    < /p >


    "P", since the launch of the foreign trade data in June, the spokesman of the Ministry of Commerce has exposed the worries about the cold spell of foreign trade in the second half of the year on different occasions.

    This indicates that the renminbi may adopt moderate depreciation measures to relieve export pressure.

    < /p >


    < p > the Secretary for foreign trade, Mr Yi Gang, said recently that China is steadily pushing forward the reform of the exchange rate in the direction of marketization. The biggest feature is to let the market supply and demand determine the exchange rate.

    Recently, whether the market's recent exchange rate and forward exchange rate, or the implied exchange rate of financial products, all show that there is a two-way expectation in the RMB exchange rate market.

    < /p >


    < p > Yi Gang said that for a long time, the renminbi has always been a one-way appreciation expectation, and some time periods also have devaluation expectations, which means that the RMB exchange rate formation mechanism is being further marketed.

    < /p >


    < p > from the past RMB exchange rate underestimation to the current RMB exchange rate has been overestimated. If it continues to appreciate, it will only exacerbate the overvaluation of the RMB and increase its exchange rate risk.

    < /p >


    < p > although the central bank set a target of 13% for M2 growth in 2013, it remained at 15%-16% level for 1-5 months, significantly higher than that in the second half of last year.

    < /p >


    The growth rate of China's broad money supply (M2) since the end of this year has finally dropped markedly in June. In June, the growth rate of M2 reached 14%, reaching a low level in the year and reached a new low this year, but still higher than the target of 13%.

    < /p >


    < p > with the rapid increase of RMB currency, the RMB will tend to depreciate.

    Because the rapid increase of money supply will cause inflationary pressure, and inflation pressure will lead to a decline in the local currency exchange rate.

    < /p >


    < p > < strong > epilogue < /strong > < /p >


    Since 2005, the RMB has appreciated more than 30% against the US dollar. The renminbi has become the strongest currency in the world, and it is obviously inelastic and overvalued, not undervalued.

    If it continues to appreciate, it will only exacerbate the overvaluation of the renminbi and increase its exchange rate risk, which is unfavorable to the sustainable development of China's economy.

    < /p >

    • Related reading

    Hot Money Pushed The RMB Exchange Rate To 21 New High In The First Half Of The Year, Or Will Slow Down In The Future.

    Foreign exchange trend
    |
    2013/7/5 10:52:00
    30

    The US Dollar Has Exceeded 100 Yen For The First Time In Four Years.

    Foreign exchange trend
    |
    2013/5/10 10:19:00
    13

    The Rapid Appreciation Of RMB

    Foreign exchange trend
    |
    2013/5/6 10:36:00
    50

    The High And Low RMB Exchange Rate

    Foreign exchange trend
    |
    2013/5/4 9:01:00
    16

    Overview Of Brics' Closing Market In April 24Th

    Foreign exchange trend
    |
    2013/4/25 11:46:00
    28
    Read the next article

    衣服領標是否存在改進空間?

    小小的衣服領標上,服裝廠商和設計師們會在設計和擺放位置上花上很多精力,但是顧客們卻明顯很少領情。衣服上的小領標到底該不該要?衣服領標讓脖子不舒服讓很多人煩惱,目前,一些品牌也在領標上進行了改良,即使是較為傳統的領標位置和材質,在貼身的位置也會有一層加絨的部分,稍微柔和一些。

    主站蜘蛛池模板: 一级毛片黄色片| 又大又紧又硬又湿a视频| 亚洲乱码一区二区三区在线观看| 97久久精品亚洲中文字幕无码| 97青青青国产在线播放| 狼群影院www| 天堂岛最新在线免费看电影| 人人妻人人澡人人爽曰本| jizz中国免费| 漂亮华裔美眉跪着吃大洋全集| 日b视频免费看| 国产欧美日韩视频在线观看一区二区| 亚洲国产天堂久久综合| 你懂的中文字幕| 暖暖在线日本免费中文| 国产国产精品人在线观看| 久久亚洲国产精品成人AV秋霞| 青春禁区视频在线观看8下载| 校花被折磨阴部流水| 国产成人精选免费视频| 久久天天躁狠狠躁夜夜2020一| 色综合久久综合中文小说 | 伊人久久大香线蕉AV一区| a毛片免费在线观看| 欧美日韩精品福利在线观看| 国产精品亚韩精品无码a在线| 亚洲A∨无码一区二区三区| 黄色a三级三级三级免费看| 无遮挡韩国成人羞羞漫画视频| 同学的嫩苞13p| 99精品在线看| 狼色精品人妻在线视频| 国产裸体舞一区二区三区| 亚洲精品在线播放| 亚洲欧美日韩丝袜另类| 日本黄色片下载| 北条麻妃jul一773在线看| 99久久精品这里只有精品| 波多野结衣护士| 国产福利你懂的| 中韩高清无专码区2021曰|