<tt id="6hsgl"><pre id="6hsgl"><pre id="6hsgl"></pre></pre></tt>
          <nav id="6hsgl"><th id="6hsgl"></th></nav>
          国产免费网站看v片元遮挡,一亚洲一区二区中文字幕,波多野结衣一区二区免费视频,天天色综网,久久综合给合久久狠狠狠,男人的天堂av一二三区,午夜福利看片在线观看,亚洲中文字幕在线无码一区二区 Mobile
          China wants US to assume global duty of care for dlr
          2009-Jun-15 16:30:02

          BEIJING -- If you owe your bank $1,000 you have a problem, but if you've borrowed $1 million it's the bank that has the problem.

          Going by that old maxim, then China, which has lent the United States upwards of $1.3 trillion, has a very big problem.

          And China knows it. As a consequence, Beijing is diversifying its overseas investments and pressing US officials for an "exit strategy" from the ultra-loose fiscal and monetary policies that may eventually inflate away the value of China's US bond holdings and fell the dollar.

          But Chinese policymakers also know there is no practical alternative to the dollar as the world's main reserve currency.

          Which is why bankers say any rhetoric from Tuesday's inaugural BRICs summit in Russia about the need for the United States to cede power in global financial institutions should not be taken as a signal that Beijing is positioning the yuan to challenge the dollar's supremacy.

          The BRICs summit in the Urals city of Yekaterinburg will bring together the leaders of Brazil, Russia, India and China.

          "We have seen the growing integration of the Chinese financial system into the global economy, and over time we will see a gradual enhancement of the role of renminbi," Charles Dallara, managing director of the Institute of International Finance (IIF), told a meeting of his group in Beijing last week.

          "Will it replace the dollar?" Dallara asked. "The fact is that I don't think this is what Chinese officials want."

          The SDR Feint

          For sure, Zhou Xiaochuan, the governor of the People's Bank of China, caused a stir with an essay in March arguing that the Special Drawing Right, the International Monetary Fund's unit of account, might one day displace the dollar.

          But diplomats and bankers who have recently visited the central bank say Zhou admits the proposal is unrealistic. They say his aim was to draw attention to concern about the safety of China's vast dollar holdings.

          In particular, these people said, Zhou wanted to revive a debate over the so-called Triffin Dilemma.

          Belgian-born economist Robert Triffin argued in 1960 that the United States could not supply enough dollars to satisfy the global appetite for reserves without triggering inflation, which in the long term would erode the dollar's value.

          "Issuing countries of reserve currencies are constantly confronted with the dilemma between achieving their domestic monetary policy goals and meeting other countries' demand for reserve currencies," Zhou wrote. "The Triffin dilemma ... still exists."

          Concretely, bankers said Beijing was acting on its concerns by urging the US government to issue more Treasury Inflation Protected Securities. Unlike conventional bonds, TIPS shield their owners in the event of a rise in inflation.

          Previous 1 2 Next

          [Jump to ]
          Nation | Biz | Comment | World | Celebrity | Odds | Sports | Travel | Health
          ChinaDaily Mobile News
          m.chinadaily.com.cn
          To subscribe to China Daily, call 010-64918763 or email to circu@chinadaily.com.cn
          主站蜘蛛池模板: 日韩爱爱视频| 97视频精品全国在线观看| 亚洲国产在一区二区三区| 2022最新国产在线不卡a| 欧美人与动牲交a免费| 国产精品激情av在线播放| 亚洲国产成人av在线观看| 亚洲熟女片嫩草影院| 韩国无码AV片午夜福利| 成人国产精品视频频| 少妇人妻偷人精品免费| 国产精品国色综合久久| 亚洲一区二区三区18禁| 国产精品久久久久久2021| 国产精品性色一区二区三区| 四虎网址| 久久精品国产亚洲av亚| 在线看免费无码的av天堂| 这里只有精品在线播放| 亚洲AⅤ天堂AV天堂无码| 国内精品久久久久影院不卡| 亚洲欧美中文日韩V在线观看| 毛片大全真人在线| 亚洲一区二区偷拍精品| 深夜国产成人福利在线观看女同 | 久久精品国产亚洲av天海翼| 国产一区在线播放av| 亚洲人成影网站~色| 水蜜桃精品综合视频在线| 日韩中文字幕有码av| 国产蜜臀一区二区在线播放| 国产最大成人亚洲精品| 国产午夜福利视频第三区| 免费无码又爽又刺激网站直播| 中国国产免费毛卡片| 国产亚洲一二三区精品| 国产精品一区中文字幕| 国产精品啪| 亚洲欧美综合中文| 草草线在成年免费视频2| 99久久国产综合精品女同|