hexun exchange messages by hexun exchange channels, China will co-host the financial focus of European debt crisis gripped in Chaoyang Beijing, June 23, 2011, at the seminar of the Forex game held outside Prime building, 11. Several senior experts and scholars around the Conference themes in the economics profession "in the European debt crisis gripped the Forex game" discussion.
turning the Renminbi issue, Deputy Director of the Renmin University of China Director of the Institute for international monetary and Xiang Songzuo think currency is a completely wrong decision, it did not meet the national expectations. In the process of internationalization of RMB, Renminbi stable is the best policy, so to a certain time will turn down devaluation of renminbi. In addition, the RMB's internationalization needs RMB liquidity very rich, people are willing to hold savings and consumption of RMB, RMB internationalization development approach.
Tan Yaling Dean of foreign investment in China believe that prices rise beyond the reality of the Renminbi. Problem appears to be the market price and the country's exchange rate regime of RMB exchange rate, in fact, it is refracted out of cultural issues, is the issue of finance, is a position of national interests, is not a small thing. From this point of view, orientation of RMB beyond the definition. In reality, interest rates and the renminbi is not tackling the domestic current inflation.
talk about United States when economic trends, CSRC Plan Development Committee member Zhou Chunsheng believes that while the Fed does not explicitly set the QE3, but will continue to maintain a relatively low interest rates, when necessary, will maintain loose monetary policy. And United States financial hegemony brought tremendous benefits to Americans, because everyone recognized United States notes issued by the, which exceeds United States entities give Americans the benefits of economic growth. In contrast, large amounts of foreign exchange reserves to China is not good, because it also keep up with inflation. Bank of communications (601,328, unit) Zhang Deqian international business exchange researchers, traders think, judging from the various economic indicators, United States economy are more short-term weakness, but the United States resolved the current domestic debt problem is still very confident.
$ currently disadvantaged, Zhang Deqian analysis to US dollar exchange rate is now the location of 75 near dollars still in a consolidation trend in the second half, investors in the vicinity of 75 may be appropriate to consider long on dollars. Dollar long-term bear market will not change in a short time, if dollar index rebound, then, is between the 75-80 will also come to an end, while the dollar is in a normal fluctuation interval in the 70-75. He also believed that before December of this year, the Fed raised benchmark interest rates in the possibility of 30%. From the market price can also be more clear, market judgement on Fed policy, under the influence of this, which is also affecting the dollar rebound unsustainable exchange rates, and low for a long time the most important factors.
for the growing European debt crisis, China institutes of contemporary international relations researcher Liu Mingli in Europe said the first round of the European Union rescue Greece have failed, this means that on Greece, and Portugal, and Spain are not able to rescue, five European pigs may slowly falling, even affects the rest of Europe. Therefore, if the ECB's capital had been restored, easing other debtor countries, the European Central Bank is likely to choose a massive debt restructuring. Of course, the present situation, also does not have the disintegration of the conditions in the eurozone, because judging from whatever from the debtor or from the core countries, are reluctant to see the disintegration of the euro area. Overall, European economic stability is beneficial to China. If European economic collapse, then momentum means that protectionism will more.
CCTV securities channel Executive Editor-in-Chief Niu Wenxin has concluded that, for changes in European financial issues should now be a very significant turning point. As soon as the EU can take advantage of this opportunity to put their own weakness up. However, hard to successfully solve the debt crisis in Europe, without the right to speak for financial markets in Europe, Europe does not exist on the commodity pricing power, even on the pricing of bonds in themselves are not eligible, he could not fight the impact of international capital, combined with the market now does not give you the time, Europe's debt problems are hard to digest, so now the situation is very dangerous for Europe.
in the round-table discussion, experts on the Renminbi to the dollar hegemony to the Greece debt crisis issues were hotly discussed. Speaking of Greece issues when China institutes of contemporary international relations researcher Liu Mingli in Europe says Greece debt crisis of the eruption is the root of these countries, people head, long-term economic growth could not be found. United States want to depress the euro, however, once the crisis in Europe, you are likely to get United States economic recession, so United States hope that the eurozone did not die of disease, soft and not down.
Tan Yaling further indicated that the Greece crisis is to a large extent United States behind the rise in revolt. Americans for the first control is the price, the second pressingIs the eurozone's economy, the third is the differentiation of the eurozone's political, to the total disintegration of the Euro IV, so as to ultimately achieve United States of a single. United States do all the things he has strategic vision and depth of our old "conspiracy theory" see United States, but we should see the events behind the foresight. Niu Wenxin teacher shares this view.
Zhang Deqian is considered, from a market perspective, eurozone problem in the short term is unlikely. Because the euro's gains in the first quarter of this year reached about 14%, currently Euro gains compared with the earlier, 7% location. Euro before Greece debt crisis impact location near the fallen to 1.19 from euro this year to see if the eurozone as a whole will face dilemma of default, you will have more on the side of embodiment, but now no such fluctuations as seen, so it is unlikely in the short term risk of direct breach of eurozone.
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