Christian Louboutin Sale ,http://www.ocosound.com/

cheapbag214s

Tim Geithner’s unexpected pit stop in Beijing for a meeting with China’s vice premier. But I wouldn’t get your hopes up. If the Chinese do make a move on the yuan, it’s highly unlikely the change will have any meaningful impact, at least in the short term.First of all,[url=http://www.ocosound.com/]Christian Louboutin Sale[/url], whatever China chooses to do,http://www.ocosound.com/, it won’t be dramatic. Beijing is deathly afraid of rapid movements in the value of the yuan and the consequences that might have on exports. That means any appreciation will be slow and incremental. Barclays Capital said in a report this week that it expects the yuan to appreciate 5% against a basket of currencies over the next year. That’s a very common view. Economists in general expect China to allow the yuan to appreciate by only a few percentage points in coming months. I can’t see such a small increase in the yuan’s value having anything but a small impact, either on the size of China’s trade surplus with the U.S. or on the competitiveness of its exports vis-à-vis those from other emerging economies.Secondly, any reform China might institute in regard to how the yuan is valued will also likely be minor. My guess is that the best we can hope for is a return to the system China had in place before it effectively re-pegged the yuan to the dollar in 2008. The Chinese government back then allowed the yuan to float in a narrow range against an undefined basket of currencies. If China goes back to such a regime, it means that the value of the yuan will still be (at least) partially controlled. Any step towards a more market-oriented, flexible exchange rate for the yuan is a positive step,[url=http://www.ocosound.com/]Christian Louboutin Discount[/url], but we’ll probably get only a baby step.Lastly, the Chinese will likely sell any yuan reform as a major concession,[url=http://www.ocosound.com/]Cheap Christian Louboutin Shoes[/url], while the Obama administration will trumpet it as a major political victory. In fact, it would be neither. China will only allow the yuan to appreciate because it is good for China. Not only would such a move defuse threats of trade sanctions in Washington, a stronger yuan would help Beijing control rising inflationary pressures, which is becoming a policy priority in China. Economists have been saying for a while that China will need a stronger currency to help it fight inflation. So the main beneficiary of a new yuan policy would likely be – China.My bottom line on any upcoming yuan reform: China helps its own economy, deflects criticism in Washington and effectively gives up nothing. Beijing is playing its hand in this little currency game much more strategically than Washington.China-India Naval Duel? Not QuiteIt had the makings of a pretty good story. Three Chinese warships patrolling against pirates in the Gulf of Aden–an unusually remote mission for the Chinese navy–were stalked by an Indian submarine. The Indian interloper is discovered, pursued and eventually forced to surface by the Chinese convoy. You have two rising powers squaring off “Hunt for Red October” style, with China proving that its navy can handle more than a gang of pirates.There’s one small problem though. The story is apparently fiction. While there are reports of some jostling between the two navies, which would be expected given China’s high-profile mission far beyond its waters, the story of the submarine surfacing appears to have come from a faked news report. The original source was a piece in a Chinese publication called the Qingdao Chenbao. The Feb. 3 story was republished by some mainland web portals, and picked up the next day by the South China Morning Post. (The subscription-only story is here, complete with an editorial cartoon that says, “Captain Singh! I think they’re on to us.”) The Indian military denied the report.One poster on a Chinese bulletin board soon pointed out that story lifted several parts verbatim from a 2008 story about a training mission in PLA Life magazine. Then the official media jumped in, noting that details of the Chinese ships’ location on the date of the alleged confrontation don’t match what was recorded in the state press.
相关的主题文章：

	NightBlueTeam Forum Index -> NightBlueTeam Clan	All times are GMT + 1 Hour
Page 1 of 1