Why Did The US Force The Renminbi To Appreciate?

Recently, the United States has been pointing fingers at the RMB exchange rate. Jacob Lu, the US Treasury secretary who visited China in May 13th, once again pressed China on the issue of devaluation.

"BWCHINESE Chinese network" published Hongkong financial commentator Liang Haiming article, Liang Haiming revealed to readers that the reason is that the United States to China to collect protection fees. Liang Haiming wrote in his article that the requirement of Americans is rather excessive. Although the exchange rate of RMB against the US dollar has depreciated by about 3% this year, the RMB has appreciated by 37% since its reform in 2005.

However, the United States is still not satisfied with the increase. In addition to Jacob Lu, the US Treasury recently publicly condemned China's doomed devaluation of the renminbi, which is still undervalued. The implication of the US is to ask for continued appreciation of the renminbi.

Why does the United States always ask for appreciation of the renminbi?

The reason given by the Americans themselves is: China manipulates the depreciation of the RMB, and Chinese enterprises can export more to the United States, which leads to the reduction in the export of American enterprises, which not only makes American enterprises run difficult, but also the unemployment situation of workers is serious, which leads to a huge trade deficit in the United States.

In short, the United States accuses the depreciation of the RMB is the main cause of the long-term predicament of the middle class in the United States, and therefore requires RMB to appreciate at least 30% more.

Readers are reminded that if the reader believes in the United States, it is wrong. Here, I want to tell readers that the United States has a trade deficit with 192 countries and regions in the world, and not only has trade deficit with China, but that it is unreasonable to blame China.

Moreover, the middle class in the United States is in trouble because of the wrong policies of the US government, the savings of the Americans and the structural problems of the society.

Therefore, RMB Appreciation can not solve the above problems. It is clear to all eyes that politicians in the United States are always persisting in the issue of RMB, which is actually a political escape to shift voters' dissatisfaction with the government to China.

In fact, many European countries view the domestic problems of the United States simply as RMB. exchange rate The result is quite disregarded. Even some well-known think tanks in the us believe that the RMB exchange rate is no longer underestimated.

Stephen Hroch, former chairman of the Morgan Stanley Asia region, has written more recently. "It is ridiculous for US officials to make a fuss over the recent devaluation of the renminbi. China's external revenue and expenditure is quite close to equilibrium, so we have every reason to think that since the appreciation of RMB nearly 1/3 in 2005, it has been very close to a reasonable equilibrium level.

Since many people think that the RMB exchange rate is at a near reasonable level, why does the US continue to ask for appreciation of the renminbi? U.S.A We need to collect protection fees from China.

In the case of RMB, the US government often asks the Chinese government to let the renminbi appreciate. It is because the US government feels that China should eat some of its losses. If it is not for the US boss to maintain the world order and make the world order more stable and without so many conflicts, China's foreign trade export can not proceed steadily in the international market. Therefore, if China wants to repay the United States, it should pay "protection fee" to the United States.

It is strange for Americans to have this idea. Few readers know that the US government has this logical thinking. On the one hand, it has been a big brother in the world for many years and is fond of collecting benefits everywhere.

On the other hand, it is because Jews hold such a way of thinking that "he is good to you, even if he is willing to go with you, you have to repay him". Although Jews in the United States do not have a large number in the United States, they manipulate more than 70% of the wealth of the United States. Therefore, the way of thinking of Jews has become the way of thinking of the American government to a large extent.

In the face of the requirement that the United States always receive protection fees, what should we do? According to the author, in addition to developing as soon as possible, and being strong enough to dare to come to the United States to collect the protection fees, it can also make suggestions to the United States, and never offer any protection to China, especially in the Asian region, especially without the protection of the United States. Let us hurry home.