United Kingdom has finally revealed the true colors: asked who pay for RMB _ the military intelligence Hall

On China's exchange rate policy of mostly through the prism of global imbalances. This leads to three unfortunate results. First, it allows China to divert attention to its policy. Second, it obscures the real victims of a policy. Third, it increased from a political solution to the difficulty of this policy. People criticized China's exchange rate policy led to global imbalances, which in turn contributed to the recent global financial crisis. From the beginning of this criticism, China gate of murky intellectual pool opens. Chinese people say, why don't we just say? why not other surplus countries, such as Japan, Germany, or oil-exporting countries and in any case, the other end of the imbalance in the balance — that have the large current account deficit — purposes not responsible macroeconomic and regulatory policies, resulting in an "excessive consumption", they should accordingly bear the greatest responsibility. This battle is not with the results. But even so is China needs and strongly contributed to the results, to avoid for more on their policies. From global imbalances perspective of the second result is: it resulted in a current account deficit of the State and the surplus countries, have now been turned into a confrontation between the two countries each other's names. But underestimated the exchange rate of the first is a protectionist policy, because it combines the import tariffs and export subsidies. So, this policy of real victims are other emerging markets and developing countries, as compared to the comparative advantage and the United States and China is very different from that of Europe and China compete more directly. In fact, China's exchange rate policy will give developing countries the cost of the two is obvious. In the short term, as money surged into the emerging market countries, they respond to asset bubbles and overheating threats have been reduced. In major trading competitor's currency pegged to the USD, Brazil, India and Korea, and other emerging market countries to allow their currencies. But more serious consequences, affecting more long-term costs, is the world's poorer regions on those trade and growth. According to Harvard University (HarvardUniversity) for sedani • Broderick (DaniRodrik) estimate, because you can increase the trade goods output, RMB underestimated the long-term growth rate of China's economy has increased more than 2%. You can trade is the engine of China's growth, but also Japan, Korea and Taiwan and other regions of post-war success out of undeveloped status. China to trade products yield increase, resulting in other developing regions trade commodities production decline, the sustained growth in these countries. It is true that China's rapid growth and its consequent on other national commodity demand, perhaps fill up some of the losses. But China's large current account surpluses, it makes up for with step completely. China's exchange rate policy in these emerging markets has been a silent victims, because China is too big too strong, they could not compete with it, even if dissatisfied with the groups now includes not only the enterprise and include national central bankers — they found the RMB policy has restricted their macro-economic management. Then came a third consequence. By default, the efforts of the RMB policy changes in the United States. But this does not succeed, because the Chinese will not be treated as yield to superpower status only competitive pressure. Only the form wider Alliance, into all by Chinese exchange rate underestimated affected countries could make China realize their policy consequences, warns it as systemically trading country of international responsibility. It's time to step out from the perspective of global imbalances, take a look at the real face of China's exchange rate policy: mercantilism trade policy, its cost is mainly composed of Chinese competition state — that is, other developing countries and emerging markets — rather than those of rich countries. Taken against China's position on the national camp must expand to the United States, to increase the pressure on China to abandon the "neighbour" policy. But if you want to make progress, those silent victims to come forward to speak. Emerging market and developing countries must be "Google (Google)" China. United Kingdom Minister for Foreign Affairs David · Shamil Bande, 14-16, visited China. 16 March, he talks with Chinese Premier Wen Jiabao said on the issue of the RMB exchange rate should not put pressure on the Chinese side. He also said that the United Kingdom advocated free trade. These positions are associated with the United States in the positions on the issue of totally different, shows the United Kingdom's foreign policy toward China and the United States began a great distance. In between the drug trafficker sentenced to death for AK-hair and twists events for nearly 3 months after the Sino-British relations rapidly heating up, indicating that the United Kingdom is changing its diplomatic strategy. United Kingdom welcomed China's rise 15/00, Shamil ban de visited is located in China's Hebei Langfang police peacekeeping training centres and a local solar panel production plant. In Hebei Langfang access, Shamil ban de used phrase to emphasize his position — "the world needs China, China also need the world, we cannot ignore the difference between the basis for cooperation. " Him on Chinese media said that" China's entry into the global economy is to see in my life's greatest success stories. All major economies, political leaders will need to add in domestic policy, international considerations, and is committed to the establishment of a new global economic order. We want to hear as the world's second largest economy of China for the fair, equitable and efficient mechanism. Britain and the establishment of a new economic order, the scope of the partnership are clear. On the same day, at the Shanghai Institute for international studies lecture, Shamil ban de said, "I agree that power is transferred from the West to the East. We should not be afraid of the transfer of power, but rather to embrace this process, it will be a kind of interdependence – Western needs China, China also need the West. He said that the Chinese and Western countries is not the kind of "zero-sum game". 17, Shamil Bande in Beijing Foreign Affairs College teachers and students ' Exchange seatAbout, said that the United Kingdom from China's economic rise benefited greatly, China is a partner, not a competitor, the United Kingdom do not want to contain China. Not in favour of the United States renminbi pressure in addition to these positive evaluation of the Chinese words, Shamil ban de also in RMB and free-trade issues, and expressed support for the position of China. 16, with Chinese Premier Wen Jiabao said during the talks, the United Kingdom considered that the RMB exchange rate issues should not put pressure on the Chinese side. He also pointed out that the United Kingdom advocates free trade, the United Kingdom to the Chinese market, more and more businesses are willing to expand the United Kingdom's investment in China. A United States 130 bipartisan group 14, urges Obama senior government officials to take immediate action to address China's "manipulation of Exchange"; United States House of representatives ways and means Committee next week will be on China's exchange rate policy of the United States and the global economic impact of the hearings. The two countries promoted dialogue levels, the Chinese official bilateral relations in the context of another great achievement is to enhance strategic dialogue level. Chinese Foreign Ministry Spokesperson Qin Gang's 16, said that in order to further strengthen and Britain in the strategic dimension of communication to promote the development of relations between the United Kingdom and China, recently decided to enhance strategic dialogue mechanisms between levels, to discuss matters of mutual interest, with a long-term, strategic and global issues. Tsinghua University, Institute of international affairs expert records in Europe, said that in AK-Chin hair in China were executed before the Brown Government was repeatedly put pressure on the Chinese Government, is the United Kingdom general election in June this year. Brown-led the Labour Party is lagging in opinion polls, the conservative party in order to obtain more public support, the Brown Government expectations by settled gross event Akbar reverse election. But in fact, the normal development of relations between the United Kingdom and China to Britain's political and economic needs. Therefore, the Foreign Minister of the United Kingdom's visit at this time, repair and China relations was very obvious. China started to panic in the United States national debt: the United States began strategic battle! 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