l*******u
发帖数: 1288 | 1 Geithner: Inevitable That China Will Appreciate The Yuan
Accelerating inflation will force China to continue to appreciate the yuan,
and if Beijing continues at its current pace of currency rise against the
dollar, the move will be "huge," U.S. Treasury Secretary said Thursday.
Taking into account the inflation rate in China and the U.S., the yuan is
continuing to rise compared to the dollar more than the rate Beijing is
allowing the yuan to appreciate nominally.
"The risk for them if they slow the pace of appreciation is that inflation
will accelerate further," Geithner told the Senate Foreign Relations
Committee. "That's why it's inevitable that they continue to move, and of
course, we want that move as quickly as possible."
If they slow the pace of appreciation against the dollar, inflation is still
running substantially above the U.S., by some measures three times the rate
of growth in the U.S., the secretary said.
Including inflation, the yuan is appreciating against the dollar at an
annual rate north of 10%, Geithner said. "If that were sustained, again,
that's a huge shift over time," he said.
But the pace of the yuan's rise isn't moving at the same clip for many other
countries, particularly emerging economies that are also experiencing
surging inflation. That has spurred greater pressure internationally for
Beijing to move faster.
It has particularly been a problem for those emerging markets whose
economies are at risk of overheating as capital flows surge into their
nations seeking higher yields than low-interest rate, advanced economies
currently offer. As China holds down its currency and others allow theirs to
appreciate, it puts a greater burden on those economies, Geithner said.
The secretary also said there's no threat to the dollar's position as a
global reserve currency unless the U.S., over time, fails to curb spending
and curtail debt.
"There is no risk to the dollar's role that we do not control," Geithner
said. | x*********g
发帖数: 11508 | 2 先把中美交易用人民币进行，再讨论人民币升值的事情吧。 | I*****y
发帖数: 854 | 3 阿门！
,
【在 l*******u 的大作中提到】
: Geithner: Inevitable That China Will Appreciate The Yuan
: Accelerating inflation will force China to continue to appreciate the yuan,
: and if Beijing continues at its current pace of currency rise against the
: dollar, the move will be "huge," U.S. Treasury Secretary said Thursday.
: Taking into account the inflation rate in China and the U.S., the yuan is
: continuing to rise compared to the dollar more than the rate Beijing is
: allowing the yuan to appreciate nominally.
: "The risk for them if they slow the pace of appreciation is that inflation
: will accelerate further," Geithner told the Senate Foreign Relations
: Committee. "That's why it's inevitable that they continue to move, and of
| I*****y
发帖数: 854 | 4 Inquiry：盖特纳的死亡不可避免 MITBBS
阿门
,
【在 l*******u 的大作中提到】
: Geithner: Inevitable That China Will Appreciate The Yuan
: Accelerating inflation will force China to continue to appreciate the yuan,
: and if Beijing continues at its current pace of currency rise against the
: dollar, the move will be "huge," U.S. Treasury Secretary said Thursday.
: Taking into account the inflation rate in China and the U.S., the yuan is
: continuing to rise compared to the dollar more than the rate Beijing is
: allowing the yuan to appreciate nominally.
: "The risk for them if they slow the pace of appreciation is that inflation
: will accelerate further," Geithner told the Senate Foreign Relations
: Committee. "That's why it's inevitable that they continue to move, and of
|
|
