The Fluctuation Of RMB Exchange Rate Is Not A Big Deal.

< p > China's economy has entered the "shifting period", from the rapid growth of the past to high speed growth, the quality of growth will further improve.

China is also pushing forward the financial reform of exchange rate liberalization, interest rate liberalization and capital account convertibility.

In order, China will first vigorously promote exchange rate marketization reform, enhance RMB exchange rate flexibility and realize two-way fluctuation of exchange rate, and then cautiously push forward the reform of interest rate marketization step by step, at the same time, gradually promote some capital account convertibility reform.

After a round of depreciation of the RMB, the central bank timely announced the expansion of the RMB to 2% of the dollar in the US dollar, which has been interpreted by the market as the acceleration of exchange rate marketization.

Lagarde, President of IMF, welcomed China's expansion of the RMB exchange rate fluctuation range. She thought it was the right step towards the internationalization of RMB.

Lagarde said: "the recent fluctuation of RMB exchange rate is not a deliberate depreciation, but a part of RMB internationalization".

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< p > RMB > a href= "http://www.91se91.com/news/index_c.asp" > exchange rate > /a > recent fluctuation is not a big deal.

A careful analysis of the degree of volatility of the RMB exchange rate is very small and normal compared with other emerging market countries, such as currency exchange rate fluctuations and even reserve currency exchange rate fluctuations.

However, the current situation may become a focal point of debate between Chinese and American governments.

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< p > the United States and other western countries have been urging China to let the renminbi rise to a greater extent than a href= "http://www.91se91.com/news/index_c.asp" > /a >.

They say that the weakening of the renminbi makes it unfair for Chinese exporters to compete with foreign competitors.

In other words, to let the renminbi go strong, Chinese exporters are at a disadvantage when competing with foreign rivals.

The market which is supposed to be a fair competition has been disturbed by such a distorted mind, because the cold war has ended, but the geopolitical conflict has been constantly causing trouble.

Although "peace and development" is the theme of the development of relations between countries in twenty-first Century, it is important to ignore that after the end of the cold war, the international political situation did not naturally tend to be stable. The geopolitical clashes became more frequent and intense, and had a great impact on the global economic growth and the operation of the international financial market, which also caused great interference in the pnational operation and foreign-related business development of industrial and commercial enterprises and financial institutions.

The irrational criticism of the normal change of the exchange rate of "a href=" http://www.91se91.com/news/index_c.asp "/a" is only one of the few cases.

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< p > fundamentally, the normalization of geographical conflicts in the post Cold War era is objective and inevitable.

On the one hand, from the economic point of view, under the influence of the long term decline of the global economic growth and the short-term increase of economic development differences, the global economic interest competition is becoming increasingly fierce, which has laid a hidden danger for the intensification of political confrontation.

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< p > on the other hand, from a civilized point of view, with the formation of the multi polar and multi civilized world pattern after the cold war, the geographical differences between civilizations and confrontation have become more frequent and complex.

More importantly, with the flow of population and the development of civilization, the forces between civilizations are becoming more balanced. This makes the confrontation between civilizations more difficult.

In these conflicts, the United States always stands in the position of leaders and commanders of the former camp during the cold war and pursues the maximization of their comprehensive interests. Therefore, from time to time, there are statements that contradict facts and principles.

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< p > if not, the so-called "Andouble economics" that has been vigorously pursued in economy since Andouble's administration of Japan is starting from the depreciation of the Japanese yen. The most direct consideration is to promote the Japanese economy through the promotion of exports.

The yen was roughly 80 against the US dollar in March 2012, while the yen was roughly 103 against the US dollar in April 21, 2014.

Since the Andouble administration, the yen has continued to depreciate greatly against the US dollar, but the US has failed to see it.

Therefore, under the background of normalization of geopolitical conflicts, it is no secret that the United States often implements double standards.

Therefore, for the voice of the United States, because of the need to establish a new big power relationship, there are still many cooperation in economic and trade aspects.

There is no need to pay attention to the "serious underestimation".

All men are clear, and the clear is from the clear.

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< p > of course, the depreciation of the RMB will bring some pressure to those families who have children to study abroad, plan to travel abroad, and have foreign procurement tasks. This reminds people to have a certain international vision of financial management, and to make good use of exchange rate changes to increase personal wealth is also a kind of financial management.

In the longer term development, the potential of RMB appreciation will continue to exist. But in the wake of the acceleration of world economic recovery, China's economic growth in the current period and deepening of reform, the fluctuation of RMB exchange rate is bound to exist, which is very normal.

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