China's merchandise exports to the U.S. again and again encountered in the countervailing and anti-dumping and other trade barriers are also facing more severe after the new challenges. February 24, U.S. time, the U.S. House of Representatives Ways and Means Committee set up under a program to vote on the" undervalued currencies," the State to impose special tariffs bill aimed at China exports to the U.S. goods.
1% appreciation of hard to fill the U.S. politicians" appetite"

Although June restart the reform on China since the middle of the RMB against the U.S. dollar has appreciated by more than 1% before the last trading day on the 21st of this month the central parity" broken 7" , rose to 6.6997, but some U.S. politicians and business organizations, this seems turn a blind eye and continue to increase the" pressure" force.

According to foreign news, some U.S. lawmakers and business organizations to RMB recent" rate of appreciation is too small" as an excuse, a collection of 133 Congress asked to vote on the tax bill. Bill said, if the relevant currency undervalued the benefit of export manufacturers, U.S. Department of Commerce can also be considered a" hidden subsidy" and imposed anti-dumping duties.

" be set aside regardless of the renminbi is undervalued, undervalued currency itself can not be a subsidy element." Beijing WTO Affairs Center, Renzhong Qing, said the bill proposed by the United States could not find any legal support." Whether the World Trade Organization regulations or the U.S. China trade bill, they did not issue a currency and export subsidies will be linked."

experts point out that some politicians in the United States to spare no effort to promote the passage of the bill is to fundamentally modify the existing antidumping and countervailing duty provisions of the law, so that the" hat" is more easily buckle in the head of China's export commodities." This approach will be the U.S." economic unilateralism," the act of exposed." Zhong Qing said.

RMB exchange rate into the mid-term elections" scapegoat"

why the recent spate on the exchange rate of U.S. entanglement? Institute for Foreign Trade, Ministry of Commerce, said Mei Xinyu, an expert, the upcoming midterm congressional elections is important," fuse." " In the high unemployment, sluggish economic context of economic difficulties the United States will clearly put the blame on other countries than their own industries to adjust more easily to win votes, and the RMB exchange rate is that they choose the most convenient" scapegoat" 。"

" Over the years, the RMB exchange rate as the U.S. has put pressure on China a bargaining chip." Mei Xinyu said that in practice the control of the U.S. itself hegemony of the international monetary system, since the financial crisis once again letting the dollar to promote exports to reduce foreign debt," with" maximum exchange rate manipulation" to describe the U.S. approach very appropriate."

trigger Sino-US trade war terror bill

learned that this was a number of Expert reviews as" absurd and bad," the bill is expected early next week in the House of Representatives vote on the hospital. According to the U.S. legislative process, if the House vote, the Senate bill will go into the legislative process. However, experts generally believe that this bill is not likely the House of Representatives passed the Senate by the possibility of even more remote.

statistics, the U.S. Congress finally passed a bill every year the proportion is only about 1%. Zhong Qing, said every time the U.S. Congress passed a law or procedure will go through very strict, not to mention the Ways and Means Committee proposed the bill and there is no basis for Sino-US trade relations have" devastating."

" If the bill is finally really passed, will undoubtedly provoke a trade war between China and the United States clearly" ; responsible party" ." Zhong Qing said.

while in the United States, the voices against the bill already come and go. According to reports, the U.S. Chamber of Commerce in a joint letter to Congress, 36, strongly opposed by the RMB bill.

experts expect will continue two-way floating exchange rate

For the recent trend of faster appreciation, Wang Qing, chief economist for Greater China at Morgan Stanley expects the second half with further improvement of China's foreign trade situation, the Chinese government in the implementation of more flexible exchange rate policy will be more positive. However, the appreciation of the RMB will not be one-way, and will continue on the basis of market supply and demand in the two-way floating.

affected by the significant increase in median price, the spot market, 21 yuan closed at 6.7079 against the dollar, the highest intraday price to 6.6987, Exchange 2005, have reached a new high since reform. Forward market, the yuan against the U.S. dollar is expected to remain stable. 21 at night to measure the expected appreciation of the renminbi overseas markets overseas non-deliverable one-year market price for dollars, compared with the spot rate, an indication that one year after the RMB appreciation is still about 1% range, compared rational.

this week, driving the dollar lower across the board increase non-US currencies. Fall in the dollar index, 24 euro hit highest point since April of this year, the pound against the U.S. dollar also rose to its highest point in six weeks.

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This chapterfrom the:China Trade Information (http://en.zgxu.com),Reprinted Please note Ming.