The US Currency Manipulation Has Come To Germany.

According to us regulations, the US Treasury will submit a report on international economic and exchange rate policies to the Congress every 6 months to assess whether there are trade partners seeking unfair competitive advantage through currency manipulation.

In the latest report released on 30 local time, the United States rarely spearheaded the attack on Germany. In the "important discovery" part of the report, the United States listed Germany before the traditional "key care subjects" such as China and Japan.

The report of the US Treasury said that in many other euro zone countries, faced with the enormous pressure of promoting reform through restraining demand and reducing imports, slow growth in domestic demand and dependence on exports hindered economic rebalancing in the region.

The report specifically referred to the euro zone countries with "sustained large current account surplus" and urged them to "take action to boost domestic demand growth and reduce their surplus". The Ministry of finance also made clear that Germany has maintained a large current account surplus during the European debt crisis. In 2012, the nominal current account surplus of Germany even surpassed that of China. According to world bank data, the current account surplus in Germany increased from $223 billion 300 million in 2011 to $238 billion 500 million in 2012, the highest in the world covered by World Bank data, more than China's 193 billion 100 million dollars.

Daniel Gross, director of the European Policy Research Center, told the Shanghai Securities Daily reporter that the United States publicly criticized Germany's economic policy at this time, which had little practical significance. "It can only be said that the United States has just found a channel at this time to vent its dissatisfaction with some things, but there is nothing the United States can do about it."

Stephen Green, an economist at Standard Chartered Bank, said yesterday in an interview with the Shanghai Securities Daily that in fact, many economists were also calling on Germany to take more financial measures to stimulate domestic demand and indirectly help the peripheral countries in the eurozone. Wang Zhihao,

Some analysts believe that the US Treasury's rare focus on "Germany"'s economic policy reflects a significant shift in its economic position on this most important ally. Since the outbreak of sovereign debt crisis in the euro area in 2010, US officials have avoided public criticism as the mainstay of the region. Even if there is any discontent, the Obama administration is trying to communicate with Germany in private rather than openly annoying Berlin.

The industry has noticed that in many cases, the United States seems to be merely using the international exchange rate report as a diplomatic tool to help shift the attention of the outside world to its own economic and trade policies, such as the "bombardment" of Germany.

In addition to criticizing Germany, in the latest report, the US Treasury has also criticized the current two largest economies besides the United States.

Despite not labeling China as a "exchange rate operation" again, in the 30 report, the US Treasury continued to launch an attack on the RMB exchange rate. The report says China needs to allow the renminbi to appreciate at a faster rate, and believes that the renminbi is still "significantly undervalued".

In the face of the fact that the RMB has appreciated to 35% against the US dollar since 2005, the United States has been widely questioned over the past few years.