More pressure on RMB revaluation experts say no impact on China's trade situation

Experts interviewed yesterday said the US statement suggested that the US could intensify trade frictions against China in the near future, but that does not change the trade structure of the two countries.　　At the same time, the trade-related issue of the renminbi is short-lived, and the US will continue to seek help from the renminbi as worries over European debt recede.　　Uibe, director of China-US Trade and Economic Research Center Weiwen said, first of all, the United States to export and exchange rates should not, the United States to open China and other countries in the market can be achieved by improving the core competitiveness of products. Liu Yuhui, director of the China Economic Evaluation Center of the Chinese Academy of Social Sciences, said Obama's speech was largely related to the need for a "fuss" about the political situation in the US this year. Mr Obama faces an election-year campaign that ties his strategy to the ballot, as Obama was given a large number of labour organization votes.　　Therefore, the speech has political factors. From the economic pattern, on Sino-US trade relations, the United States is the net income country, the Chinese labor force's low cost has brought the huge consumer surplus to the American family, compared with brings to the American labor employment loss is simply "bucket". At the same time, the emigration of the U.S. labor industry can be traced back to 30 years ago, in other words, the U.S. trade deficit will not shrink even if China's production costs increase. Of course, from the Obama statement can be seen in the recent Sino-US trade will produce "quarrel", for some time, the United States may take some more drastic action, resulting in trade friction.　　However, the trade structure between China and the United States will not be changed. At the same time, the U.S. stance will not have much impact on China's trade situation this year. As the Golden Age of 2001-2007, a global trade, has ended, it is now part of a weak growth zone in global trade. Then China as the world's largest exporter, 9% of the market share has become China's external development scale of the "bottleneck."　　Of course, China needs to worry about possible global "encirclement and suppression". Wang Xiaoquan, a researcher at the decision Consulting department at the National School of Administration, said that while the United States says it will not take trade protection measures, it is only a verbal statement that, based on the current economic environment in the United States, the US is likely to adopt a flexible approach to trade protection measures against China.　　And in the post-crisis era, trade protectionism do not go to great development, should be suppressed. In the near future, when it comes to exports that are bound to be linked to China's appreciation of the renminbi, this time it is no exception, Mr Obama said he must deal with the currency issue and put pressure on the renminbi.　　So how should China deal with it? More recently, Liu Yuhui said, America's voice was stronger than it was before, with new support from the dollar. The new bracing factor is that the market has been worried about sovereign debt issues due to the Dubai incident, causing the euro to plunge and contributing to a technical rebound in the dollar. On this issue, the renminbi's help to the dollar has naturally diminished. But this new bracing factor is short after all, because America existsHuge government debt, seeking help from the renminbi is inevitable. The renminbi has been the biggest contributor to the dollar in the past few months, so the dollar has fallen in a manageable range.　　As a result, the US's voice on the renminbi has eased as concerns over European sovereign debt have gradually diminished. Wang Xiaoquan that under foreign pressure, China's export situation is not particularly optimistic, so the renminbi still needs to maintain its stability.　　At the same time, the stability of the renminbi is helpful to the stability of the global economy, the stability of trade and the stability of confidence. "The RMB exchange rate formation mechanism has reached a consensus at home, but it is also a gradual process, I believe that China will timely promote the RMB exchange rate formation mechanism." "Wang Xiaoquan said.