China and EU agreed to prevent exchange rate fluctuations!

China and EU agreed to prevent exchange rate fluctuations!
Nov 29, 2007 02:17
ICEBERG Points: Join Date: Sep 10, 2007 Status: offline	It is reported that China has agreed to cooperate with 13-nation Eurozone to prevent the drastic exchange rate fluctuations at the high-level economic talks between China and EU. The central bank of China said that China will adopt more comprehensive measures to strengthen its economic restructuring and contribute to prevent big exchange rate swings. Some analysts say that this suggests that China has admited that Euros' appreciation and trade deficit against China have made EU suffer a lot. However, they did not mention to quicken RMB's appreciation. Another news said that China has refused French president's request to appreciate RMB as soon as possible. What do you think? Will China be forced to appreciate RMB as EU expected?

Nov 29, 2007 02:17

ICEBERG
Points:
Join Date: Sep 10, 2007
Status: offline

It is reported that China has agreed to cooperate with 13-nation Eurozone to prevent the drastic exchange rate fluctuations at the high-level economic talks between China and EU.

The central bank of China said that China will adopt more comprehensive measures to strengthen its economic restructuring and contribute to prevent big exchange rate swings. Some analysts say that this suggests that China has admited that Euros' appreciation and trade deficit against China have made EU suffer a lot. However, they did not mention to quicken RMB's appreciation. Another news said that China has refused French president's request to appreciate RMB as soon as possible.

What do you think? Will China be forced to appreciate RMB as EU expected?

Dec 3, 2007 09:19	#1
APAULT Points: Join Date: Mar 11, 2006 Status: Offline	China will no longer be forced to do anything as its economic power is just too great, so a revaluation will occur as and when the leaders want it to.

Dec 11, 2007 21:11	#2
JIMMYB Points: Join Date: Feb 7, 2007 Status: Offline	Quote: China will no longer be forced to do anything as its economic power is just too great, so a revaluation will occur as and when the leaders want it to. To answer ICEBERG's question, I give the same anwer as Paul did. However, that doesn't mean that China won't do anything to solve this issue. I hope that China can come to terms with EU and slove exchange rate issue gradually.

Post a Reply to: China and EU agreed to prevent exchange rate fluctuations!