Zeng: Two quantitative easing in the United States should be responsible for global

Speaking at a Hong Kong forum, Zeng said the second round of quantitative easing in the United States is not a good strategy for reviving the economy. (Source: Sina Finance Xiao Ying (photo) November 17 Morning News The former vice-premier of the State Council and the Chairman of the China International Economic Exchange Center said in an economic forum in Hong Kong this morning that the second round of quantitative easing in the United States (QE2) has brought many destabilizing factors to the world economic development, which he believes is not a　　The United States should be responsible for international financial markets.　　Zeng attended a high-level economic forum entitled "Transformation of China's economic development-opportunities and challenges", organised by the Chinese Federation, the Hong Kong Association of Chinese Associations, the China Chamber of Commerce of Hong Kong and the Chinese Entrepreneurs Federation, and delivered a keynote speech. He pointed out that the second round of quantitative easing in the United States to reduce the dollar, the world's raw material prices such as oil prices rise, so that a large number of hot money into emerging markets, while many countries around the world because of a large number of dollar assets were forced to exchange rate intervention, so that the development of the　　is not a good idea for economic recovery. On Sino-US trade issues, Zeng said that the trade imbalance between China and the United States is determined by the international trade structure and the different economic development modes of the two countries, and the appreciation of the renminbi cannot solve the international economic imbalance and other countries ' economic problems.　　The renminbi has risen 25% against the dollar since the exchange rate reform in 2005, but the trade deficit between the two countries remains. In his view, China should continue to implement reform of exchange rate mechanism, maintain the exchange rate flexibility and the RMB exchange rate basic stability. This is not only conducive to the development of RMB exchange rate, but also in line with international economic interests. (Xiao Ying from Hong Kong)