The United States Regards China As A "Currency Manipulator" Without Reason.

In response to the US Treasury's practice of listing China as a "currency manipulator", some foreign experts told Xinhua in an interview that the US side's contradiction is not justified, it only puts pressure on the international financial market and causes the downside risks of the world economy to increase.

Australian Economist Clifford Bennett said that the recent decline in the RMB exchange rate against the US dollar is largely due to the latest US tariff threat, and the US side is not justified in complaining about the depreciation of the renminbi. He pointed out that the recent escalation of Sino US economic and trade frictions by the US side has significantly affected market sentiment and risk tolerance, thus triggering a concussion in the foreign exchange market.

Hasegawa Kono, chief economist at the headquarters of Mizuho Institute of comprehensive research in Japan, said it was difficult for him to understand that the US side suddenly classified China as a "currency manipulator", which would raise doubts about the continuity and predictability of the US policy.

Seguchi Kiyoshino, research director of Canon Global Strategy Research Institute, said that the Chinese government could not devalue the renminbi through intervening in the foreign exchange market. This is the consensus of financial circles in various countries. The United States regards China as a "currency manipulator", which is likely to be the decision of the White House minority. If the US side takes relevant sanctions measures, its legitimacy will be widely questioned by the international community.

Joseph Fodi, a professor at the Stern School of business at York University, said that in recent years, China has always been committed to maintaining the basic stability of the RMB exchange rate. It is a political act that the United States regards China as a manipulator of "currency manipulation". It is the signal of the US side to upgrade its economic and trade frictions.

Xu Qingqi, director of the Malaysia New Asia Strategy Research Center, said that accusing China of deliberately devaluing the renminbi is an excuse for the us to upgrade its economic and trade frictions and put pressure on China. However, this will only set more obstacles for the two countries to reach an agreement.

Tashiro Soomin, a Japanese economist, points out that it is the negotiating tool of the United States to classify other countries as a "currency manipulator". China's experience today may also happen in Japan, Europe and Southeast Asia.

When analyzing the reasons for the recent fluctuations in the RMB exchange rate, analysts believe that this is a normal reaction of the market due to the fluctuations in the global economic situation and the intensification of economic and trade frictions triggered by the US.

Peter Dreisdale, director of the Institute of East Asian Economics of Australian National University, said that the decline of the RMB exchange rate is the result of market rules and there is no currency manipulation factor. In recent years, many currencies have fluctuated, such as the recent trend of exchange rate between Australian dollar and RMB.

Looking forward to the future trend of China's economy and RMB exchange rate, Bennett believes that China's economic fundamentals are good. Even under the background of Sino US economic and trade frictions, China's economy can still maintain a relatively fast growth rate. The depreciation of the RMB against the US dollar is completely controllable.