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Opinion
June 22, 2010
- Exchange rate reform to make exports more competitive
- China's move to proceed with the reform of the Renminbi exchange rate will help increase the competitiveness of the country' s exports on the global market, Yao Jian, spokesman of the Ministry of Commerce, said Monday.
June 21, 2010
- Currency float
- China's decision to make its currency, the renminbi, more flexible, speaks volumes about its determination to speed vital changes to its growth model in order to ensure sustainable development.
June 9, 2010
- Float prospects
- The nation's securities regulator is to review Agricultural Bank of China (ABC)'s application for a mega initial public offering on Wednesday; it is imperative to clarify the purpose of the float in order to still a jittery market still recovering from a recent slump.
May 21, 2010
- Yuan target of greedy speculators
- When the price of crude oil rose fivefold between 2003 and 2007, it was clear that speculators were making profits at the expense of humanity. Many so-called "free markets" are in reality controlled by speculators, who lobby to prevent scrutiny of their activities. Monetary authorities in the US and the UK have failed to curb speculation, which has led to a massive rise in commodity prices across the world in the previous decade. Instead, they have helped them by relaxing their already weak regulations.
May 19, 2010
- Drive hard bargain with US
- Nation must take steps to internationalize the yuan and try to increase returns from its foreign exchange reserves.
May 13, 2010
- What if you do raise yuan's value
- For the US, the yuan's exchange rate is only a tactical - or official - excuse that hides its real intention.It is actually aimed at forcing China to help the US overcome its Treasury bond crisis.To cope with US's pressure on the yuan's revaluation, China has to devise an optimal strategy at the bargaining table.
May 5, 2010
- Inflated yuan a far-reaching fix
- An appreciation of the renminbi has not been and will not be able to narrow down the US' trade deficit with China.
April 22, 2010
- Time for a new Bretton Woods
- China's economic reforms began only 30 years ago. By then, the US dollar had begun its decline.
April 9, 2010
- RMB dispute put aside but will never be non-political
- US Treasury Secretary Timothy Geithner announced last Saturday that the US government will delay its report on the exchange rate policy of America's main trading partners, including China. The report was expected to be released in mid-April and label China as a currency manipulator to pave the way for sanctions.
April 8, 2010
- The US won't fire its label gun
- Yuan's peg to the dollar helps the US currency from freefalling and a gradual appreciation could be a long-term option
