City Guide
Answers
Login
Home
/
Community
/
Forums
/ Post a Reply
Post a Reply
Thread: Why does US call for RMB appreciation?
Title:
(100 characters at most)
Content: ( 3,000 characters at most, please )
You can add emoticons below to your post by clicking them.
[quote=ZOEY,237389]The exchange rate of RMB has increased a lot and it is said that it breaks 1: 7.62 (US dollar to RMB). However, it seems that US is not satisfied with this result. Constant pressure are still pushed by US on China to appreciate its currency RMB. Here is the question: Why does US call for RMB appreciation? Anyone who has any ideas? According to Mundell, the father of the Euro's opinion, it can be interpretated as "a move to slow China's expansion". He said that China's current account balance is only a small factor in the U.S. deficit problem. Even though it represents only 10 percent of the U.S. deficit China is being picked on by the United States because "China is a resurgent power." (Source: Xinhua News). Do you agree with him or not?[/quote]
characters left
Name:
Get a new code
Copyright © 1998-2025 All rights reserved.