繁体中文  
 
版主:黑木崖
 · 九阳全新免清洗型豆浆机 全美最低
 
China Responds to US on "Currency Manipulator"
送交者:  2019年08月06日17:26:17 于 [世界军事论坛] 发送悄悄话

China responds to US after Treasury designates Beijing as a currency manipulator

Key Points
  • “The United States disregards the facts and unreasonably affixes China with the label of ‘currency manipulators,’ which is a behavior that harms others and oneself,” the PBOC said in a statement on Tuesday.

  • On Monday, the U.S. Treasury accused Beijing of deliberately influencing the exchange rate between the yuan and the U.S. dollar to gain an   “unfair competitive advantage in international trade.”

  • The move fulfills President Donald Trump’s promise to recognize China as a currency manipulator for the first time since 1994.

RT: China central bank HQ 190221
A woman walks past the headquarters of the People’s Bank of China in Beijing, China.
Jason Lee | Reuters

China’s central bank has firmly rejected the U.S. Treasury’s designation of Beijing as a currency manipulator, saying the accusation has  “seriously” undermined the international financial order and risked further market turmoil.

The response from the People’s Bank of China (PBOC) comes at a time of rapidly intensifying tensions between the world’s two largest economies.

On Monday, the U.S. Treasury accused Beijing of deliberately influencing the exchange rate between the yuan and the U.S. dollar to gain an  “unfair competitive advantage in international trade.”

The move fulfills President Donald Trump’s promise to recognize China as a currency manipulator for the first time since 1994.

The announcement followed a sharp drop in the yuan against the dollar, with the Chinese currency breaching the 7-per-dollar level for the first time since 2008.

“The United States disregards the facts and unreasonably affixes China with the label of ‘currency manipulators,’ which is a behavior that harms others and oneself,” the PBOC said in a statement on Tuesday, before adding: “The Chinese side firmly opposes this.”

The PBOC said it would not only  “seriously undermine the international financial order, but also trigger financial market turmoil. It will also greatly hinder international trade and the global economic recovery, and ultimately will suffer from it.”

China’s central bank set the yuan’s official reference point at stronger than the key 7 yuan-to-the-dollar point on Tuesday.

The move appeared to calm financial markets, initially rocked by fears the U.S.-China trade war was devolving into a currency war.

Late last week, China promised to fight back after Trump vowed to impose 10% tariffs on $300 billion worth of Chinese imports.

Unfair advantage

Even before the formal designation, Trump took to Twitter to voice his opinion, accusing Beijing of manipulating its currency and saying it would  “greatly weaken China over time!”

The next step is for the U.S. to make its case to the International Monetary Fund (IMF), but it’s not likely to lead to formal penalties.

The manipulator label is mostly symbolic and matters more as a slight to one of the United States’ biggest creditors and an escalation in the trade war.

The Treasury Department’s announcement hinged upon a 1988 portion of federal law that permits the U.S. Treasury Secretary to work with the IMF to  “eliminate the unfair advantage” associated with currency manipulation.

‘Return to the correct track of rationality’

“This unilateral act of the United States also undermines the global multilateral consensus on exchange rate issues and has a serious negative impact on the stable operation of the international monetary system,” the PBOC said

“The Chinese side advises the U.S. to leap over the cliffs and return to the correct track of rationality.”

VIDEO03:53
What is currency manipulation?

Since the trade war started last year, Washington has imposed 25% tariffs on $250 billion worth of U.S. imports from China. Beijing retaliated by slapping elevated levies on billions of dollars of American products that it buys.

In recent months, however, tensions between the two countries have extended beyond trade and into areas such as technology and security. In particular, the U.S. placed Huawei on a blacklist which made it more difficult for the Chinese tech giant to do business with American companies.

— CNBC’s Thomas Franck and Yen Nee Lee contributed to this report.


0%(0)
0%(0)
标 题 (必选项):
内 容 (选填项):
实用资讯
北美最大最全的折扣机票网站
美国名厂保健品一级代理,花旗参,维他命,鱼油,卵磷脂,30天退货保证.买百免邮.
一周点击热帖 更多>>
一周回复热帖
历史上的今天:回复热帖
2018: 战争到来前,将办公室将军淘汰!
2018: 川普贸易战告败,令美国一病不起!川普
2017: 中印对歧,在于谁能让对方下更大赌注
2017: 中国研制成功新型反炮兵雷达性能超过美
2016: 中国首个手机通信卫星天通一号01星成功
2016: 港獨打正旗號集會 人代:破壞十分大
2015: 赢了!世锦赛男子100米自由泳宁泽涛47秒
2015: 外媒:TPP谈判无果而终将重创日本对华战
2014: 关于西方欺侮俄罗斯,正确的态度是坐山
2014: 中国不认双重国籍