Steven: Letting the renminbi appreciate is a stupid thing.

In yesterday's "2010 China Green Company Annual Meeting" scene, the famous economist Zhang published a report entitled "Looking at China's future from the international economic fault caused by the integration of the Earth".　　He admits that it would be foolish to let the renminbi appreciate. Steven often said: "The United States hopes to rise out of the financial crisis through the currency revaluation, but the United States to restore the past, it is difficult to let the yuan rise how much value can not help the United States." "The United States to be more than 74 years old, but with an explosive silver-haired Steven often still active, his views on the economy, the status quo is also a very" explosion "effect, so that the audience benefited a lot. "The financial crisis that has erupted in the United States has dragged many countries in the world into the mire and risks have spread," he said. "On the RMB exchange rate issue, Zhang Wuchang sharply said."　　He is more pessimistic about the U.S. economy, he said when the U.S. recovery is hard to say, although it will not go down, but it is difficult to revive the past. Zhang that cheap labor is still a huge advantage for China, and it is unrealistic for the US to expect the renminbi to appreciate to narrow the gap. "It doesn't help the US to let the renminbi appreciate much."　　He pointed out that letting the renminbi appreciate would not only hurt China's industrial economy, depress recovery, but would also likely widen the gap between rich and poor. China's economy will improve this year Steven is often optimistic about China's economic situation: "Generally speaking, China's economy is good, the problem is not big, it is more safe to put money in China than in the rest of the world." "He also used the changes in Dongguan peasant workers and factory rents to demonstrate the view:" Dongguan factory rents, before the financial crisis of almost 12 yuan per square metre, before the lowest fell to about 6 yuan, and now returned to the level of eight or nine yuan. Zhang Wuchang that the economic situation in Shanghai, Guangzhou and Shenzhen will be very good this year. "There will be no big fluctuations in China's economy. Steven often says that in rigorous economics, the growth of raw materials and then the rise in Chinese prices is not called inflation. "The first two years of inflation to 8%, mostly because the prices of agricultural products have risen by 15% to 20%, and non-agricultural prices have only risen by about 2% per cent, and I thought it was not that serious, and now there is no serious volatility."　　"Steven often said. The trend of real estate is difficult to see the trend of the mainland property market, Zhang that it is hard to say, but he said in Hong Kong and Shanghai as an example: "Before liberation, the price of Shanghai is higher than Hong Kong, sooner or later, the price of Shanghai will be higher than Hong Kong." "Steven often said that six or seven years ago, Shanghai's house prices and China's Hong Kong housing prices compared to about 1:6, and then gradually narrowed to 1:2, but recently because a large number of mainlanders to Hong Kong speculation, this proportion has expanded to 1:6, but the gap will be narrowed sooner or later." "Now the shortage of migrant workers is beginning to show that the situation is improving." "When it comes to the shortage of migrant workers, Zhang Wuchang said that the economic development of the Midwest has an" crowding out effect ", which also increases the pressure on the shortage of migrant workers. "According to my reasoning, China's industrial development in the future will not be as concentrated in the traditional industrial areas as before, but will spread toTowns and highways, high-speed trains and so on, will encourage such proliferation. "Morning Post reporter Mengmei intern jiang Photography Zhaoxia