日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Top Biz News

Sharp revaluation of yuan would be 'lose-lose' situation

By Li Xiang (China Daily)
Updated: 2010-03-22 10:13
Large Medium Small

Sharp revaluation of yuan would be 'lose-lose' situation

"I believe the currency adjustment that is being suggested by the West is the wrong way to go," Stephen Roach, chairman of Morgan Stanley Asia Ltd, said at a news conference in Beijing on March 19. [Bloomberg]

Morgan Stanley Asia boss blasts columnist who argues RMB's value should rise

BEIJING: The debate over China's currency policy is heating up among economists with Morgan Stanley Asia Chairman Stephen Roach saying that a sharp upward revaluation of the yuan would lead to a disastrous outcome for the United States and it would end up as a "lose-lose situation" for both Washington and Beijing.

Related readings:
Sharp revaluation of yuan would be 'lose-lose' situation High diplomacy has yuan problem in hand
Sharp revaluation of yuan would be 'lose-lose' situation Forcing China to revalue currency may boomerang
Sharp revaluation of yuan would be 'lose-lose' situation Revaluing the renminbi
Sharp revaluation of yuan would be 'lose-lose' situation China calls on Washington to cool yuan pressure

"I believe the currency adjustment that is being suggested by the West is the wrong way to go," Roach said in Beijing.

If China were to adjust its currency sharply higher, the Chinese share of the US multilateral trade deficits would shift to another country, a higher cost producer, which would have the effect of imposing a tax on American workers that the politicians are in theory trying to protect, according to Roach.

"This is a disastrous outcome for the United States and would certainly be a very bad outcome for Chinese exporters as well," he said.

Roach spoke as a storm is brewing between Washington and Beijing over China's currency policy. The US Congress is to hold a hearing this week during which American lawmakers are expected to force the Obama administration to take tough action against China for its "manipulation of currency". He said he was very worried about the outcome of the mounting trade friction between the US and China that he believed could lead to a series of escalating events between the two countries.

"The renminbi is the lightning rod in the post-crisis period. It is important for all of us to address this brewing storm before the clouds become too dark and there is actually lightning," he said.

In a debate with Nobel-winning economist Paul Krugman last week, Roach blasted Krugman's stance on tougher American action toward China, calling his advice "very bad" and "completely wrong".

"We should take out the baseball bat on Paul Krugman. I mean I think that the advice is completely wrong," Roach said. "We're lashing out at China rather than tending to our own business", which should be raising US savings, he said.

Krugman in a recent column accused China of keeping the yuan's value artificially low to benefit its exports and said the US may need to get more aggressive in its talks with China by treating the exchange rate as a countervailing duty or other export subsidy.

 

主站蜘蛛池模板: 成人免费毛片片v | 99精品在线观看视频 | 精品一区久久 | 92久久精品一区二区 | 91亚洲精品在线观看 | 亚洲精品在线免费观看视频 | 视频一区国产精品 | 精品国产一区二区三区久久久蜜月 | 久久精品大片 | 黑人操亚洲女人 | 国产在线9| 欧美精品一级片 | 久久不卡免费视频 | 天天天天天天天操 | 自拍偷拍第3页 | 亚洲精品国产欧美在线观看 | 日本超碰在线 | 成年人的免费视频 | 日本三级韩国三级美三级91 | av黄页 | 91在线一区二区 | 天天干天天干天天干天天 | 午夜激情一区 | 91视频最新| 国产成人精品视频在线观看 | 在线观看视频一区二区 | 国产区精品| 久久国产视频一区 | 中文字幕亚洲第一 | 一级黄色片a | 色在线免费观看 | 国产乱子伦 | 长河落日电视连续剧免费观看01 | 国产青青青 | 国产91在线高潮白浆在线观看 | 精品视频www| 超碰激情 | 一个人看的www在线视频 | 免费黄色在线视频 | 久久婷婷丁香 | 丝袜综合网 |