The Standard Of Currency Manipulation Countries Remains Unchanged And Sino US Bilateral Trade Surplus Is Large.

The United States has urged China to open trade as a currency manipulator. The Treasury maintains the same six countries on its foreign exchange watch list, calling on China to show the willingness to sell market forces to raise the yuan.

The Trump administration urged China to buy more American goods and services to reduce trade imbalances, but did not rank the world's second largest economy as a currency manipulator.

In a half yearly exchange rate report issued by Washington in Washington, the Treasury Department said that no major trading partner was manipulating its currency to gain unfair trade advantage.

The report continues to retain China, South Korea, Japan, Germany and Switzerland on its foreign exchange monitoring list.

The Ministry of finance reports that "China is now in the United States".

The surplus is very large and the duration is very long. This highlights the need for China's economy to further open to the US's goods and services and to accelerate reform to improve its domestic consumption.

Trump announced on Wednesday that he would not set China as a currency manipulator, thereby violating his campaign promise.

In an interview with this newspaper, Trump said that China had not manipulated the Renminbi for several months, and indicated that the US dollar was too strong.

The Ministry of finance reports that in the past ten years, China has been able to suppress its currency through unilateral large-scale intervention measures before allowing it to go strong. This practice has brought great and long-term difficulties to the workers and companies in the United States.

The Ministry of Finance admits that China has been intervening in the foreign exchange market recently to prevent the depreciation of the renminbi. However, it also indicated that its operation of selling foreign exchange reserves had cooled at the beginning of this year.

The US Treasury pointed out that China now needs to show that it has not been boycotting for the past three years.

The practice of intervening in the foreign exchange market is a "lasting" policy, that is, when the "appreciation pressure is restored", the renminbi will be allowed to appreciate.

Like the last report of the Obama administration last October, China only met one of the three criteria of the Ministry of finance to identify currency manipulation, that is, a large trade deficit.

According to the report, China's trade surplus with us $347 billion last year was the largest among its major trading partners.

According to the law, the US Treasury needs to report to Congress two times a year whether its major trading partners are manipulating their currencies.

Since 1994, the United States has not regarded any country as a currency manipulator.

The Ministry of Finance maintains the standard of identifying the currency manipulation countries, that is, the trade surplus with the United States exceeds US $20 billion, the current account surplus exceeds 3% of the gross domestic product, and the domestic currency is depreciated by buying foreign assets, which is equivalent to 2% of the annual output.

Global financial markets have emerged from the pessimistic expectations of long-term growth stagnation over the past few years, and over the years, market investors' expectations of global inflation are rising.

However, recent optimism in the financial markets seems to have begun to recede.

This round of market investors' mood cycle of future inflation has changed very quickly, so that many investors haven't thoroughly figuring out what is re inflation trading, and the market has come to an end.

On the face of it, most market investors expect that the new US government will lower corporate tax burden and relax supervision, which will encourage enterprises to increase investment and scale of production, thereby promoting the promotion of investment.

Overall rise.

No matter how the final implementation of these policies is expected, at least this market is expected to pull the financial markets in the extreme pessimism of the past few years.

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