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

Editorials

The people's currency

(China Daily)
Updated: 2010-04-06 07:55
Large Medium Small

As policymakers weigh how a possible yuan appreciation would affect the nation's importers and exporters, they have wisely turned to the use of stress tests that simulate what would happen if the exchange rate were to rise.

While many Chinese exporters, especially those that depend on labor, stress their vulnerability to any significant appreciation of the currency, the authorities should balance that with the benefits of a stronger yuan for Chinese importers.

Related readings:
The people's currency US would pay for strong yuan
The people's currency US delays yuan report 'to prevent showdown'
The people's currency Japan not to pressure China on yuan
The people's currency Test shows yuan rise may cut export profits

More importantly, they should keep in mind that the yuan's exchange rate is not merely a trade issue. And any decision on revaluating the yuan must also account for its impact on the Chinese people.

Reportedly China conducted a round of stress tests to see if Chinese exporters could withstand a yuan appreciation. Not surprisingly, the initial results were not encouraging: A 3-percent appreciation would wipe out a substantial part of the thinning profits of Chinese manufacturers while leaving many small- and medium-sized exporters in the red.

Undoubtedly, the predicament of exporters is a cause for concern. Yet, as China swallows up imports from the rest of the world at an accelerating rate - growth in imports is set to stay ahead of the pace of exports - policymakers must weigh more carefully the disadvantages of appreciation against the potential benefits for importers and the national economy.

The revaluation of the yuan also needs to be considered from the perspective of the people. The implications of a stronger yuan can be very different for various income groups. While the rich will enjoy a greater purchasing power from a yuan appreciation, the multitudes of the poor would have to bear the consequences of rising costs and fewer job opportunities.

The currency exchange rate is no cure to the widening income disparity. But its revaluation should not exacerbate the problem.

主站蜘蛛池模板: 伊人88| 天堂99 | 免费观看爱爱视频 | 男人天堂2021 | 人人干在线 | 青青青国产 | 欧美国产精品一区二区三区 | 国产高清免费av | 亚洲第一网站 | 中文字幕在线日亚洲9 | 亚洲精品一区在线 | 天天躁日日躁狠狠躁 | 欧洲综合网 | 香蕉视频91 | 男人与禽猛交狂配 | 超碰在线最新 | 色妞网| 色婷久久 | 日韩在线h| 亚洲tv在线观看 | 夜夜天天干 | 国产一区二区三区自拍 | 亚洲综合网av | 午夜久久视频 | 亚洲精品一二三四区 | 亚洲成年人专区 | 人人插人人爱 | 成人高清视频在线观看 | 中文字幕第一区综合 | 四虎永久在线观看 | 李宗瑞91在线正在播放 | 久国产视频 | 蜜桃av噜噜一区二区三区 | 日韩精品在线一区二区三区 | 日本一区二区视频在线 | 国产专区在线播放 | 国产色一区 | 亚洲精品视 | 日韩第一页在线 | 国产极品网站 | 国产91视频在线 |