The United States affirms that China has never manipulated Reminbi exchange rate with obtain trade advantage-search fox news
Posted by ghdfsd ghdfsd on Wednesday, June 13, 2012
New China net Washington gave or got an electric shock(reporter Fan Yu) American Ministry of Finance to announce 《international economy and exchange rate policy report 》 aiming at main trade object on the 25th on May 25, the report thought include China at inside of American the main trading partner has never manipulated currency exchange rate to obtain unfair trade advantage.
Miami Dolphins HatsThis half annual report points out that since China weighed Qi Reminbi exchange rate formation mechanism reform in June, 2010, Reminbi continuously revalues to the dollar rate;China's item surplus usually narrows;And, China passes 20 country groups and Central America economy and strategy dialogue, commitment head into to take market as to lead to more of exchange rate system.According to these factors, American Ministry of Finance thinks that China not agrees with to match the definition that the exchange rate manipulates a country. The report points out that mid- May, year up to now in June, 2010, Reminbi to dollar rate already the total amount revalues 8%, if account into an inflation factor, same period Reminbi is about 12.5% to the appreciation of the dollar range.From July, 2005 China start Reminbi exchange rate formation the mechanism reformed, Reminbi to U.S. dollar already the total amount revalue 40%. American Ministry of Finance points out that Chinese National Central Bank extends recently Reminbi to U.S. dollar trade the price float the decision of zone to probablyDC Adjustable Hatstrengthen the exchange rate flexibility of Reminbi. The United States the Ministry of Finance also think, Reminbi still has U.S. dollar and other main currencies for necessity further appreciation, and mean close concern Reminbi appreciation step of continuing. American Ministry of Finance wants to hand in toward the congress once the to report and involve the main trading partner of the United States, including economy in China, Japan and Korea, euro area and England, Brazil and Canada etc. every half year, these economies have the three quarter of American foreign trade total amount around.
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