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The global financial crisis, developed countries slow economic recovery, the United States and high unemployment. China's exchange rate policy has become a must have in various international debate topic. However, with the implementation of the Federal Reserve for the second time quantitative easing, the dollar depreciated, a global exchange rate seems to have quietly started the war Cheap Joakim Noah Jersey , while China and the RMB was pushed to the vortex center.
China to maintain low interest rates are very dangerous too long
Although China can maintain its existing exchange rate policy, will gradually adjust their own currency, but this is not the quantitative easing environment Hengliangdeshi the only criteria. Can China in the management of exchange rate adjustments, to avoid the negative effects imposed quantitative easing - to avoid the spread of global liquidity potential asset bubble, the mismatch of resources and financial turbulence, is the true test.
Only from the point of the RMB exchange rate Cheap Frank Ntilikina Jersey , the RMB exchange rate as the root cause of global imbalances is certainly very difficult to set up, China has reason and may refuse to increasingly intense international sharp appreciation of the renminbi requirements.
Although the United States House of Representatives recently passed a trade protectionism against China's exchange rate motion, however, also need to the Senate, and signed by the President after the coordination. For now, the bill to final passage of the possibility of legislation is still relatively small. Even if passed Cheap Courtney Lee Jersey , there is a certain monitoring time and not immediately bring about retaliatory tariffs. However, resist the appreciation of the nominal exchange rate is just one aspect of this game only.
In fact, no matter whether China or other countries willing to adjust the nominal exchange rate, under the quantitative easing in the Fed, the real exchange rate adjustment will occur, but also is a way we do not want to see happen.
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