Sing Tao Daily News Agency The Sino -US trade war was upgraded, and the US dollar rose to the seven psychological barriers against the RMB, and the RMB exchange rate fell to the lowest since the financial tsunami. The United States announced that China was listed as a exchange rate manipulation country.Thousands of points, after a little shot in China, the RMB exchange rate has stabilized.The latest July trade data shows that the US trade deficit with China has continued to increase.Although China's thunder is as light as possible, the United States will continue to make waves, and Hong Kong must be highly vigilant in Hong Kong, pushing its hands in the financial market.
The United States announced that a country was a currency manipulator, and the last time he went back to the President of Clinton half a century ago.The logic of US President Trump is very simple. The huge trade deficit of the United States on China is attributed to China deliberately lowering the exchange rate and selling goods in low -selling goods. He has stated that he will listed China as a exchange rate manipulating country during the election.Essence
It is difficult to get international support for pressure appreciation
Trump's trick is undoubtedly thunderous, the key is how much its follow -up measures have.The greatest effort is that all government departments are not allowed to purchase Chinese goods as a bargaining chip with China exchange rate negotiations.The United States can also start tariffs.Another trick is that Treasury Secretary Nuchin comes to contact with the International Monetary Fund. It is hoped that the RMB appreciation through international pressure is appreciated. The Japanese economy has been lost for more than 20 years because the United States and several economic powers were forced to force the yen to significantly.The result of appreciation.
However, China and the United States have negotiated for a period of time on the tariff war. International experts' views on the RMB exchange rate are also very different from Trump. The International Monetary Fund has previously pointed out that the RMB exchange rate is roughly in line with the fundamental aspect.Even the United States itself explained three months ago that China did not meet the conditions of the country's monetary manipulation country, and now it is self -made.
Now that the RMB is under pressure in the market, if China fully allows its ups and downs, the market forces will drive its plunge rather than rising. China's intervention mechanism is not as high as Trump's referring to low exchange rates, but instead at the price at the price at the price.Essence
China is unwilling to depreciate sharply, and has its reasons for fulfilling international responsibilities and not engaged in competitive depreciation. This is manifested during the Asian financial turmoil and financial tsunami, and it also has its own needs to stabilize the financial market.The trend of the market slightly allows the depreciation to offset the part of the impact caused by the increase in tariffs. However, if it is expected to form a sharp depreciation, it is difficult to attract foreign capital.It will greatly cut RMB as an attraction of international investment currency and reserve currency.
Hong Kong Yi is highly alert to the hype of the predators
China needs a stable environment to develop the economy, and it is not keen to fight trade and financial war.The first seven months of this year increased by 3.3 % compared with the same period last year, and the first seven months were combined.The United States is unwilling.
Therefore, Trump will continue to launch a wave of offensives. China will still fluctuate after seeing a move. After the financial market is breathing slightly.Ren Zhigang, a member of the executive meeting of the Crocodile During the Hong Kong Financial Administration, pointed out that Hong Kong should pay attention to the possibility of market control activities, and the authorities must resolutely handle abnormal market activities in a timely manner.Now that the news of authenticity is full of sky, citizens' investment must be more vigilant to avoid randomness.
