E*V
发帖数: 17544 | 1 haha
Hu You
Chinese Premier Wen Jiabao said the European Union should refrain from
pressing for a stronger yuan on foreign-exchange markets, saying the U.S.
dollar is the source of the EU’s currency concerns.
“Europe shouldn’t join the choir to press China to allow more yuan
appreciation,” Wen said in a speech at a meeting of business leaders today
in Brussels. “The euro had a big fluctuation recently. It’s not because of
yuan but the dollars. We shouldn’t be blamed for it; if there’s someone
to be questioned, it should be the U.S.”
Minutes earlier at the same event, European Commission President Jose
Barroso urged China to let the yuan’s exchange rate strengthen further,
highlighting Europe’s frustration at the extent of the currency’s
appreciation since Chinese officials eased it off a two-year peg to the
dollar in June. | m*t
发帖数: 7490 | 2 "if there’s someone to be questioned, it should be the U.S.”
太直白了吧。 | E*V
发帖数: 17544 | 3 哈哈
这个就是G点阿
赫赫
其实还有个长的
【在 m*t 的大作中提到】
: "if there’s someone to be questioned, it should be the U.S.”
: 太直白了吧。
| E*V
发帖数: 17544 | 4 BRUSSELS (Reuters) – Chinese Premier Wen Jiabao told the European Union on
Wednesday to stop piling pressure on Beijing to revalue its currency, saying
a rapid shift could unleash disastrous social turmoil.
Wen told an EU-China business forum in Brussels that China would implement a
reform of its currency regime announced in June, making the exchange rate
more flexible, but rebuffed calls from EU leaders for a rapid and
substantial appreciation.
"Do not work to pressurize us on the renminbi rate," the premier said,
departing from a prepared speech. "Yes, we are going to proceed with the
reforms."
He noted that a U.S. congressman had predicted social unrest in China if
there was a rapid rise in the currency, known as the renminbi or yuan.
"Many of our exporting companies would have to close down, migrant workers
would have to return to their villages.
"If China saw social and economic turbulence, then it would be a disaster
for the world," Wen said.
The United States and the European Union accuse China of keeping its
currency artificially weak to promote exports, undermining jobs and economic
growth in the West.
The monetary standoff came amid growing signs of a "currency war" in which
major industrial nations such as Japan and the United States are seeking to
weaken their exchange rates while emerging economies such as Brazil and
South Korea are taking or threatening measures to curb capital inflows.
MARKET ECONOMY
The 27-nation EU also pressed Beijing on Wednesday to amend its trade
practices to put an end to technology theft, counterfeiting and
discrimination against foreign firms.
European Commission President Jose Manuel Barroso said the EU-China
commercial relationship, worth 327 billion euros ($453 billion) in 2009, was
one of the most important in the world.
"There is a feeling that economic openness in China could be greatly
enhanced," he told the business forum.
German Chancellor Angela Merkel, leader of Europe's biggest export
powerhouse, met Wen on Tuesday and pledged to work for China to be granted
the 27-nation EU's coveted "market economy" trade status by 2016.
That would give Beijing better protection against European anti-dumping
penalties -- a major irritant for the Chinese.
EU Trade Commissioner Karel de Gucht earlier set out a litany of European
grievances on which he said China must make progress if it wanted that
status before it automatically receives it in 2016 under World Trade
Organization rules.
"This question must be considered on the basis of clear commitments, for
example, on access to the Chinese market, public procurement, protection of
intellectual property and even the exchange rate," he told French daily Le
Monde.
SANCTIONS?
The EU signed a free trade agreement with South Korea on Wednesday which
could double commerce between them, its first such pact with an Asian
partner, after announcing on Tuesday the launch of negotiations for a
similar accord with Malaysia.
The deal with Seoul, which takes effect on July 1 pending ratification by
the European Parliament, will eliminate 1.6 billion euros ($2.2 billion) of
duties a year for EU exporters and tackle non-tariff barriers, like
regulations and standards in sectors such as cars, drugs and consumer
electronics.
With the Doha round of global trade liberalization talks at an impasse,
Brussels is increasingly looking to bilateral and regional agreements as a
way forward to boost commerce, especially with fast-growing Asian economies.
The United States urged the EU this week to join it in high-level pressure
on China to change policy on intellectual property rights and foreign
investment.
While some European business leaders want the EU to develop new trade
defense instruments that could be used as leverage to change Chinese
practices, others are dead against such sanctions, which would divide member
states.
The chairman and founder of China's Zhejiang Geely auto maker, Li Shufu,
told Reuters some of the investors who funded counterfeiting were likely
based in the United States.
"There should be measures to punish violators but also their investors.
Without financial support there could not be as much violation of
intellectual property rights," he told Reuters in an interview on the
sidelines of an EU-China business forum.
Marc Stocker, chief economist at the main EU industry umbrella group,
BusinessEurope, said Europe should resist calls to join a recent move by the
U.S. Congress to impose trade sanctions on China for failing to revalue the
yuan.
"Trade retaliation is, as such, not a good response," he said.
The EU's trade deficit with China fell to 133.1 billion euros in 2009, from
169.5 billion euros in 2008, largely due to the global economic downturn.
But EU industry has warned China will benefit from Europe's economic
recovery, cranking up its production capacity to supply European demand for
cheap industrial inputs and consumer goods, and encroaching on traditional
European high-tech markets.
In recent months the EU has lau
【在 E*V 的大作中提到】
: 哈哈
: 这个就是G点阿
: 赫赫
: 其实还有个长的
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