The Seoul summit has four "issues", pay attention to is "policy" not "do", because the G20 is a raised "problem" platform. Asking good questions, is the beginning of new development. So, Seoul summit made what problem? First is the global monetary system reform. Although the short term Seoul summit can't change 600 billion dollars to buy national debt and August announced a month to buy $35 billion of debt to replace will have the maturity of the established mortgage debt is arranged, also can't since 1972 to the substantial dollars standard in the international monetary system to change anything. But the Seoul summit inside and outside all sorts of voice, have put forward the international monetary system reform of the strong appeal. Countries make moves intervention exchange rate, itself is reset of the exchange rate "anchor" of the action. However, the federal reserve to the recent weak dollar still dominated the situation should be well prepared for it, according to the fed's established plan, the next eight months,New Era Hats there will be 850 billion to 900 billion dollars into the financial institutions, and not just $600 billion. More is worth worrying about, to the financial organ package does not change the sme financing and the unemployment rate improve questions, while the U.S. financial institutions derivatives problems as high as 2 trillion, the fed would borrow economy is not the name of improvement, the implementation of the third round the fourth round even buy Treasury bonds plan? Recently the dollar exchange rate rise was likely to be only the Seoul summit of short-term changes, though the dollar continued to a big decline is unlikely, but the weak dollar continued probability is very large. For the weak dollar policy can't change the international monetary system, but may strengthen the reform of the international monetary system demands. Next, let the world see mutual assessment change the rules of the international with the morning light. The Seoul summit between countries mutual evaluation emphasis on all kinds of economic indicators, and not part of a country or the country have the final say. This is the G20 mechanism to promote the reform of the international rules of the game, is the international social progress. The past is mainly developed countries to the developing countries gossiping, such as currency and trade, the Treasury report on all countries exchange rate and exchange rate policy, or is the U.S. congress through the hearing way, in countries in the exchange rate and the trade behavior assessment and judgement, and put the unilateral evaluation as its policy and regulations the basis. These assessments and policy of course very biased. International organizations such as the world bank and the international monetary fund, the past is also the main assessment of the developing countries in the economic indicators and macro policies, in the face of this economic crisis caused by the developed countries, the former prejudice that they lost to the world economic situation the authority of judgment and assessment, so was forced to reform. However, mutual assessment need a common acceptable basic standards, otherwise, however also makes mutual assessment become meaningless. It is the G20 could put forward for more international market rules of the game of new questions. The third question, although German, French and some developed countries accused the United States has accused China's currency manipulation, now the fed often large-scale money spinner, deliberately weak dollar policy implementation, dollar devaluation public manipulation, after what qualification accuse China of manipulating its currency, the various countries also deeply dollar amount can implement the weak dollar loose policy of harm, but that does not mean the exchange rate of the yuan would not be politicized and was again the internationalization. Don't think that the United States will not the RMB appreciation. Don't forget, the United States the new congress is established, the exchange rate reform to promote fair trade act will submit new senate deliberation, the United States exports within five years of double strategy, may deliberately devalued dollars through to realize, the cost of debt growth model transformation through the weak dollar may be passed on to other countries, the RMB exchange rate may lead the way. Don't forget, the United States has offered many unreasonable bill,NBA Jerseys such as the emerging market countries in international organizations and the flexibility of the exchange rate hook vote; The export trade in all countries set of GDP4 % level and so on. These are the major objective of the China. We note that, in countries of concern the weak dollar policy, the Seoul summit declaration did not have a clear statement. "Gradually transition to determined by the market" and avoid "competitive devaluation", have in other currencies to suspicion. So even though the dollar is Seoul summit is one of the themes of attention, but did not release the pressure of RMB exchange rate. Especially after the meeting, Obama not according to the summit declaration directly accused the calibre of the RMB exchange rate. In fact the day before yesterday the Treasury has proposed a "pay close attention to the exchange rate of the yuan appreciation" problem. So, we should form the interests to give priority to China to revalue the RMB exchange rate of YiDingZhiGui, not for all kinds of politicized or international pressure and change easily established policy to give up core interests. Domestic and international has been all with a view of China's foreign exchange reserves of foreign exchange and growing into relevant, foreign exchange inflows because RMB appreciation is not enough. Since the crisis, especially the United States open number again looser monetary policy, make the world see clearly that capital inflows and dollar liquidity on global excess, and about the dollar. When the dollar global flood, including developed economies in the world, almost no one country or area can through the value of its currency to rise to prevent capital inflows. In dollars in the international monetary system standard, the capital inflows is not one country a stronger currency to contain it. That is why countries out the cause of the intervening to coincide. Asked to the appreciation of the renminbi to curb capital inflows point of view, apparently too bookish. In the international monetary system before no fundamental change, China must strictly inflows management, by every block capital inflows, do not have any illusion. According to the IMF chief economist said, the current capital controls is reasonable.

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