Author: cestmoi

The argument for a stronger RMB. [Copy link] 中文

Rank: 8Rank: 8

Post time 2010-3-26 06:29:06 |Display all floors

My question again

Originally posted by ThankoPan at 2010-3-26 06:08
.
Absolutely none!
But haven't they been sticking their snortty noses into the Chinese RMB exchange rate?
Where have you been these last five years?


What has this to do with Washington?

Why did you drag Washington into the discussion between the People's Bank of China and the Commerce Ministry?

Both the People's Bank and the Commerce Ministry are tabling their respective view to the Politburo and you three drag Washington into our internal business.

You three are the some of the most ignorant and petty minded forum members.
Let the dice fly high

Use magic tools Report

Rank: 8Rank: 8

Post time 2010-3-26 06:30:29 |Display all floors

About the argument

Originally posted by ThankoPan at 2010-3-26 06:13
for a strong or weak RMB is down to the Ministry of money and good sense.

They alone know exactly the state of health of the Chinese economy.
The strategy the country going forward will determi ...


Do you, can you, follow my argument in support of the People's Bank of China?
Let the dice fly high

Use magic tools Report

Rank: 6Rank: 6

Post time 2010-3-26 06:40:00 |Display all floors

Timing!

Originally posted by cestmoi at 2010-3-26 06:30


Do you, can you, follow my argument in support of the People's Bank of China?
.

I know what you are trying to say Cestmoi!

It will be to China's advantage to have a strong RMB for import of commodities etc.
The effect on export?
The effect on jobs in China?

The balance of import advantage and export negative is best judged by the BOC is my argument, and not dictated by the Ministry of Commerce in a far flung foreign country.

[ Last edited by ThankoPan at 2010-3-26 06:41 AM ]

Use magic tools Report

Rank: 4

Post time 2010-3-26 06:43:06 |Display all floors
China buys dollar denominated assets including treasury bills not as an investment but to keep the value of the dollar high relative to its own currency to suit its export markets.

Thats simple enough to understand but if you want more detail read  Dean Bakers report on the Bear Market Investment website.

Use magic tools Report

Rank: 8Rank: 8

Post time 2010-3-26 06:44:32 |Display all floors

Agreed: the PBoC suggestion is valid

Originally posted by ThankoPan at 2010-3-26 06:40
.

I know what you are trying to say Cestmoi!

It will be to China's advantage to have a strong RMB for import of commodities etc.
The effect on export?
The effect on jobs in China?

The balance of import advantage and export negative is best judged by the BOC is my argument ...


The longer we wait the more painful it will become.

[ Last edited by cestmoi at 2010-3-26 06:45 AM ]
Let the dice fly high

Use magic tools Report

Rank: 6Rank: 6

Post time 2010-3-26 06:45:39 |Display all floors
Originally posted by cestmoi at 2010-3-26 06:29

What has this to do with Washington?
Why did you drag Washington into the discussion between the People's Bank of China and the Commerce Ministry?
You three are the some of the most ignorant and petty minded forum members. ...
.

Oh deli me, get personal now your trolling is failing are we?

I repeat, the exchange rate of RMB will be set by the BOC; with the interest and benefit of China being the criterion!

No buts or your butt fakey!

Use magic tools Report

Rank: 8Rank: 8

Post time 2010-3-26 07:20:46 |Display all floors

System in China is diffferent

Originally posted by ThankoPan at 2010-3-26 06:45
.

Oh deli me, get personal now your trolling is failing are we?

I repeat, the exchange rate of RMB will be set by the BOC; with the interest and benefit of China being the criterion!

No bu ...



The system in China is different, PBoC is not the same as US Treasury. PBoC alone does not set the exchange rate.

But you are on the right track.

There are many vested interests IN CHINA pulling CHINA in different directions. Be careful.

If you want to talk with me, you will have to read and digest first before shooting from the hip.
Let the dice fly high

Use magic tools Report

You can't reply post until you log in Log in | register

BACK TO THE TOP
Contact us:Tel: (86)010-84883548, Email: blog@chinadaily.com.cn
Blog announcement:| We reserve the right, and you authorize us, to use content, including words, photos and videos, which you provide to our blog
platform, for non-profit purposes on China Daily media, comprising newspaper, website, iPad and other social media accounts.