<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: 国产a在视频线精品视频下载| 欧美人与动zozo| 亚洲国产精品高清久久久| A三级三级成人网站在线视频| 天天爽天天爽天天爽| 国产欧美综合在线观看第十页| 国产精品美女久久久久| 日韩熟女精品一区二区三区| 亚洲欧美激情在线一区| 久久久精品94久久精品| 99re在线视频观看| 免费中文字幕无码视频| 国产亚洲AV电影院之毛片| 欧美一级片在线观看| 福利视频一区二区在线| 精品无码国产污污污免费| 亚洲鸥美日韩精品久久| 国产在线观看毛带| 亚洲国产精品一区二区第一页| 91热在线精品国产一区 | 久久96热人妻偷产精品| 亚洲精品乱码久久久久久中文字幕| 亚洲黄色成人在线观看| 亚洲天堂男人的天堂在线| 精品乱码一区二区三四五区| 欧美成人精品三级在线观看| 国产成人AV在线播放不卡| 成人精品日韩专区在线观看| av国产剧情一区二区三区| 99久久亚洲综合精品成人| 一二三四免费中文字幕| 看成年全黄大色黄大片| 日韩精品国产二区三区| 国产成人自拍小视频在线| 色综合久久天天综线观看| 秋霞国产av一区二区三区| 日本成人午夜一区二区三区| 色欲AV成人无码精品无码| 成人久久精品国产亚洲av| GV无码免费无禁网站男男| 国产黄色av一区二区三区|