China will improve its RMB exchange rate policy ac

2022-10-15
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China will improve the RMB exchange rate policy according to the economic development status

China will improve the RMB exchange rate according to the economic development status and focus on adjusting the aggregate demand structure policy

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Guide: Yao Jian, spokesman of the Ministry of Commerce of China, said here on the 17th that the RMB exchange rate issue should not be pan politicized, which is China's own thing, China will improve its RMB exchange rate policy in accordance with the development of the global economy and the Chinese economy. The Ministry of Commerce held a regular monthly meeting today. Yao Jian

Yao Jian, spokesman of the Ministry of Commerce of China, said here on the 17th that the RMB exchange rate issue should not be pan politicized, "this is China's own business", and China will improve its RMB exchange rate policy in accordance with the development of the global economy and China's economy

the Ministry of Commerce held a monthly routine meeting today. Yao Jian stressed that all circles have reached a basic consensus on the impact of the RMB exchange rate on Sino US trade, that is, the RMB exchange rate is not the root cause of China's surplus with the United States and global economic imbalances, but the consumption mode and financial supervision mode of the United States

Yao Jian said that judging from the situation in the first four months of this year, China's trade surplus in 2010 is expected to fall sharply. He also pointed out that the European Union is China's largest export market, and the current European debt crisis has had an impact on the stability of the euro. Since this year, the RMB has appreciated by 14.5% against the euro, which has caused huge cost pressure on Chinese export enterprises

Yao Jian pointed out that the progress of China's plastic granulator technology is closely related to the development of the entire national economy, which will support the EU's measures to stabilize finance and improve foreign trade policies in due course

from January to April this year, China's import growth rate was much higher than the export growth rate by about 30 percentage points, and the general trade deficit was close to US $40billion. Some scholars believe that China's terms of trade are deteriorating due to the general surge in international commodity import prices

Yao Jian believes that in the post crisis era, China should uphold the concept of further opening up, balance short-term and long-term interests, and properly solve key issues such as international commodity pricing power. China will continue to adopt policies such as "sending home appliances to the countryside" in expanding domestic demand and stimulating consumption

with regard to the ongoing export deregulation and exchange servo electromechanical drive reform in the United States, Yao Jian said that based on the needs of the United States' own interests, "this is the means that the United States must take to expand exports and increase employment". Deregulation by the United States will provide space for China and the United States to deepen cooperation in areas such as clean energy and aircraft engines, and will also help the United States alleviate its trade deficit. Yao Jian hopes that Meineng will treat China equally and will not take discriminatory measures in relaxing export controls

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