aixa
06-19-2010, 09:27 PM
Esta noticia está excelente. La traigo de otro foro. Finalmente las presiones de E.U. y otros países hacia China para que RV su moneda han hecho efecto. Detrás del yuan de China se debe ir el Dong de Viet Nam y un efecto dominó con otros países asiáticos. Espero que el dinar también se cuele.
jpbaz1960 (http://dinarvets.com/forums/index.php?/user/14034-jpbaz1960/) http://dinarvets.com/forums/public/style_images/clean/user_popup.png (http://dinarvets.com/forums/index.php?/user/14034-jpbaz1960/page__f__6)
Posted Today, 05:22 PM
This article was posted on NPR's website this afternoon. Question: How will this affect the RV of the Dinar?
Article: http://www.npr.org/b...rtificially-low (http://www.npr.org/blogs/thetwo-way/2010/06/19/127954210/chinese-vow-to-stop-keeping-currency-artificially-low)
Chinese Vow to Act On Artificially Low Currency
by Frank James
One of the biggest bones of contention between the U.S. and China is about the Chinese policy of keeping their currency artificially low in order to make their exports cheaper which keeps Chinese factories humming and its hundreds of millions of workers employed.
U.S. officials in both Democratic and Republican administrations have criticized the practice for a few reasons, one being that it makes American products more expensive and therefore more difficult to export to China. It also has contributed to a giant U.S. trade deficit with China.
On Saturday, however, the Chinese said they would modify their current practices, the suggestion being they won't work so hard to keep their currency, the yuan, relatively low against the dollar.
The announcement was made by China's central bank, the People's Bank of China which has a news release on its website:
The global economy is gradually recovering. The recovery and upturn of the Chinese economy has become more solid with the enhanced economic stability. It is desirable to proceed further with reform of the RMB exchange rate regime and increase the RMB exchange rate flexibility.
The news was welcomed by the Obama Administration which has jawboned China to let the market decide the value of its currency.
President Barack Obama issued a statement:
China’s decision to increase the flexibility of its exchange rate is a constructive step that can help safeguard the recovery and contribute to a more balanced global economy. I look forward to discussing these and other issues at the G-20 Summit in Toronto next weekend.
That the Chinese are making this announcement just before the G-20 meeting makes some people suspicious that Chinese officials are merely trying to reduce some of the pressure they would otherwise face at the meeting from other leaders, especially Obama.
That skepticism was reflected in comments by Sen. Charles Schumer (D-NY) reported by the Washington Post:
But critics remained skeptical, noting that China has sent signals before about a currency appreciation — usually ahead of an international meeting or deadline — only to not follow through. The most recent example came in April, when senior Chinese officials told reporters on the eve of President Hu Jintao's visit to Washington for a nuclear security summit that it was time to allow the more flexibility in the currency; Hu attended the summit, and the currency was left unchanged.
"This vague and limited statement of intentions is China's typical response to pressure," said Sen. Charles E. Schumer (D-N.Y.), one of the leaders of a group of lawmakers pushing for punitive legislative sanctions against China over the currency issue.
For those who want to do a deep dive on this issue of China's currency versus the U.S., the Peterson Institute of International Economics has a wealth of information for those with some policy wonk in them. (End Article)
Read more: http://dinarvets.com/forums/index.php?/topic/22028-chinese-vow-to-act-on-artificially-low-currency/#ixzz0rLsWuVBy (http://dinarvets.com/forums/index.php?/topic/22028-chinese-vow-to-act-on-artificially-low-currency/#ixzz0rLsWuVBy)
jpbaz1960 (http://dinarvets.com/forums/index.php?/user/14034-jpbaz1960/) http://dinarvets.com/forums/public/style_images/clean/user_popup.png (http://dinarvets.com/forums/index.php?/user/14034-jpbaz1960/page__f__6)
Posted Today, 05:22 PM
This article was posted on NPR's website this afternoon. Question: How will this affect the RV of the Dinar?
Article: http://www.npr.org/b...rtificially-low (http://www.npr.org/blogs/thetwo-way/2010/06/19/127954210/chinese-vow-to-stop-keeping-currency-artificially-low)
Chinese Vow to Act On Artificially Low Currency
by Frank James
One of the biggest bones of contention between the U.S. and China is about the Chinese policy of keeping their currency artificially low in order to make their exports cheaper which keeps Chinese factories humming and its hundreds of millions of workers employed.
U.S. officials in both Democratic and Republican administrations have criticized the practice for a few reasons, one being that it makes American products more expensive and therefore more difficult to export to China. It also has contributed to a giant U.S. trade deficit with China.
On Saturday, however, the Chinese said they would modify their current practices, the suggestion being they won't work so hard to keep their currency, the yuan, relatively low against the dollar.
The announcement was made by China's central bank, the People's Bank of China which has a news release on its website:
The global economy is gradually recovering. The recovery and upturn of the Chinese economy has become more solid with the enhanced economic stability. It is desirable to proceed further with reform of the RMB exchange rate regime and increase the RMB exchange rate flexibility.
The news was welcomed by the Obama Administration which has jawboned China to let the market decide the value of its currency.
President Barack Obama issued a statement:
China’s decision to increase the flexibility of its exchange rate is a constructive step that can help safeguard the recovery and contribute to a more balanced global economy. I look forward to discussing these and other issues at the G-20 Summit in Toronto next weekend.
That the Chinese are making this announcement just before the G-20 meeting makes some people suspicious that Chinese officials are merely trying to reduce some of the pressure they would otherwise face at the meeting from other leaders, especially Obama.
That skepticism was reflected in comments by Sen. Charles Schumer (D-NY) reported by the Washington Post:
But critics remained skeptical, noting that China has sent signals before about a currency appreciation — usually ahead of an international meeting or deadline — only to not follow through. The most recent example came in April, when senior Chinese officials told reporters on the eve of President Hu Jintao's visit to Washington for a nuclear security summit that it was time to allow the more flexibility in the currency; Hu attended the summit, and the currency was left unchanged.
"This vague and limited statement of intentions is China's typical response to pressure," said Sen. Charles E. Schumer (D-N.Y.), one of the leaders of a group of lawmakers pushing for punitive legislative sanctions against China over the currency issue.
For those who want to do a deep dive on this issue of China's currency versus the U.S., the Peterson Institute of International Economics has a wealth of information for those with some policy wonk in them. (End Article)
Read more: http://dinarvets.com/forums/index.php?/topic/22028-chinese-vow-to-act-on-artificially-low-currency/#ixzz0rLsWuVBy (http://dinarvets.com/forums/index.php?/topic/22028-chinese-vow-to-act-on-artificially-low-currency/#ixzz0rLsWuVBy)