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| RMB innovative high main cause of the United States put pressure on the sharp appreciation in the fu |
| People’s Daily Overseas Edition reported on Thursday that U.S. pressure caused by the expected appreciation of the RMB exchange rate with a new main reason for the high, might still have the RMB exchange rate is expected to rise for some time, but the sharp appreciation of the possibility of reducing
"American again recently applied to the appreciation of the RMB exchange rate pressure, which caused the expected appreciation of the Chinese RMB exchange rate with a new main reason for the high," reports quoted the deputy director of the Chinese Academy of finance International Finance and International Economic Research Yan Huna said.
She also pointed out that China’s economy to maintain a rapid better growth and China’s foreign exchange reserves, rapid growth, is also pushing up the yuan factors.
Yan Huna bilateral exchange rate of the RMB against the U.S. dollar has appreciated by 30.2% from July 2005 to the present. This is obviously not the end point of the appreciation of the renminbi. "In the long term, in the case of other major financial crisis did not happen, the RMB exchange rate may need to rise again for some time."
But the possibility of reducing the exchange-rate appreciation. Noble, Foreign Economic and Trade University, an associate professor in the School of Finance, pointed out that the RMB exchange rate is close to the equilibrium exchange rate, domestic inflation pressure, the RMB exchange rate is also faced with the pressure of devaluation.
"The future of the RMB exchange rate will change the unilateral appreciation trend, two-way floating consistent with the laws of the market exchange rate movements," she said.
Reported and quoted Nomura said, along with the easing of inflationary pressures, the yuan will slow the pace of appreciation.
China Foreign Exchange Trading Center spot exchange rate of the RMB against the U.S. dollar closed up on Wednesday, traders said, the U.S. government continue to take to make an issue of the RMB exchange rate issue, under sustained pressure, the central parity is still the possibility of a new high for the fourth consecutive day uplink. is expected to boost the overall dollar continue to go up.
The report pointed out that the excessive appreciation of the RMB more harm than good, the appreciation will affect China’s foreign trade, attract foreign investment, the stable development of the domestic employment, the price level, as well as financial reform, affecting the competitiveness of many industries in China.
U.S. Treasury for International Affairs length Brainerd said President Obama in November, the G20, APEC and the East Asia Summit on the exchange rate of the Chinese President Hu Jintao put pressure on the U.S. Treasury will also be released after the summit currency report. | | | Source:Ling Hu Clothing (ribbon) Time:2011/10/29 22:33:54 |  |
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