Cross Border RMB Settlement In Mudanjiang Amounts To 29 Countries

< p > reporters learned from the Mudanjiang Municipal Committee that from the beginning of April 30th to April 30th, the amount of cross-border RMB settlement in Mudanjiang was 1 billion 300 million yuan, accounting for 72% of the total settlement amount of two cities in Heilongjiang Province, which was 16 times the amount of "http://www.91se91.com/news/index_c.asp" > last year's "http://www.91se91.com/news/index_c.asp" > /a settlement in the same period last year, 2.6 times the total settlement amount of the remaining 11 cities in Heilongjiang province. < /p >
Since P was listed as a pilot cross border RMB settlement city in Heilongjiang province in 2010, cross-border RMB business has maintained a rapid growth momentum under the participation of the people's Bank and enterprises in Mudanjiang. < /p >
< p > up to now, Mudanjiang's cross-border a href= "http://www.91se91.com/news/index_c.asp" > RMB < /a > has expanded to 29 countries, and the number of domestic enterprises involved in settlement has reached 150. < /p >
< p > > a href= "http://www.91se91.com/news/index_c.asp" > Mudanjiang < /a > is located in the frontiers of Northeast Asia. Cross border RMB settlement of goods trade accounts for the main position of cross-border RMB settlement. Imports are more than exports. Imports mainly support the diversified resources such as imports of oil and timber in Northeast China, and exports provide strong support for promoting the development of Mudanjiang's border trade. < /p >
< p > from the perspective of trade participants involved in the settlement, a large number of wooden enterprises represented by large port timber enterprises have chosen to use Renminbi for trade settlement. < /p >
< p > in addition, a large number of petrochemical enterprises in Mudanjiang rely on imported oil for their main raw materials. Since the trial, RMB has settled RMB over RMB 2 billion through RMB trade financing and entrepot trade, helping enterprises ease financial pressure and play a catalytic role in the sustained and healthy development of enterprises. < /p >
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The conclusions of the two economists of the P Pedersen Institute for international economics are likely to have an impact on the positions of the two countries. Over the years, the US Congress has always treated the issue of RMB as a political issue; before that, the US Congress aimed at the Japanese yen. Conversely, developing countries have accused the US of lowering the value of the US dollar through the Fed's bond buying program. But after the conclusion of Kessler and Sabra Magnin, the Chinese government will justifiably declare that its monetary policy is reasonable, and the US Congress is best to turn a blind eye to the result. < /p >
< p > on the other hand, Alan Tonelson, an economist at the US Business and Industry Council (Alan Tonelson), opposed the calculations of Kessler and Sabra Magnin, which often accuses the Chinese government of making the US exporters lose the advantage of exchange rate. < /p >
The differences and disputes between these two viewpoints may not be solved in the near future, or even P will never be able to reach agreement. The International Monetary Fund (IMF) will also announce its valuation on the value of the renminbi this summer. Last year, the group said the value of the yuan was "undervalued", that is, it was undervalued by about 5% to 10%. The International Monetary Fund predicted at that time that China's trade surplus would grow in the next few years. As the organization does not use the purchasing power parity method, it is expected that it will once again stand in the "RMB undervalued" camp. < /p >