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Thread: Yuan rise would be disastrous: China export body

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[quote=COOLSPRINGS,391622]How to look at Sino-US trade and RMB appreciation?
By Xuefei Chen, People’s Daily Online correspondent in Stockholm.

The imbalance of Sino-US trade and the value of RMB have been two issues which aroused great attention from both inside and outside China. How to look at these issues?

Professor He Maochun said people should not worry too much about the trade imbalance between China and the US in an interview with People’s Daily Online recently in Stockholm. He is director of Center for Economic Diplomacy Studies at Qinghua University and was here to have participated in the sixth China Forum which focused on several key issues on China and its relations with the US and the EU. Professor He has committed himself to the trade issues since China joined the World Trade Organization.

“Sino-US trade imbalance has been existing for a long time, it is not the most serious time now. It is actually a natural consequence if you consider the economic structure of China and the US, thus, people should not worry that too much, ” said Professor He.

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