
Radio France International reported on October 19, "Germany will help China prevent the emergence of a trade war," as follows:
US-China currency war inter-related, caused much attention and concern in Germany. Although China once again raised the yuan, to make the United States delayed a decision condemning China's currency manipulation, so that a temporary relaxation of currency war, but German experts have generally agreed that the US-China currency dispute is making it difficult to resolve.
According to Reuters, the German branch of the view that although the United States and China have clamored to say that they are money losers in war, but in fact they are secretly wins. U.S. trading partners in almost all countries have greatly devalued. Although the yuan and the dollar exchange rate has just reached a new high point, but the exchange rate of RMB and other currencies is the rapid decline. Because the West is still at historical low interest rates, there is still a steady flow of capital flows to East and South.
Reuters believes that the current war there is no simple solution to solve the currency. Because if the United States to raise interest rates, economic recovery would be setbacks. If China let the yuan appreciate faster, then China will be large-scale unemployment. The best solution is the slow but sustained appreciation of the yuan and the dollar prices will not fall. However, as more and more severe confrontation between the United States, the two sides to reach a consensus will not be an easy task.
Looking at the overall situation, we must see that the long-term appreciation of the RMB is not solving the world's economic problems panacea. Theoretically, because the appreciation of the renminbi would reduce the U.S. trade deficit, but whether such a response when the reality is still unknown. If we have narrowed the U.S. trade deficit, it must first increase the purchasing power of the Chinese people. Nevertheless, the currency still not been solved at all.
German Foreign Trade Association, is worried that Europe will become Xiboerna US currency devaluation race victims. If you continue to practice because the U.S. inflation, and China refused to let the yuan appreciate, then, the euro will increase by the upward pressure.
Bernard also believes that the Western countries, conflicts of interest and the threshold is very sharp, and a multi-call of the global monetary system can not be the birth of a new order, the U.S. and China can not reach a consensus. However, the U.S. faces election pressure may force the United States gradually abandoned in the face of fierce Chinese tone. As a result, the U.S. currency war may gradually subside.
German Economics Minister, criticized the Bruderle also wrong with the United States. He believes that the United States dictate monetary policy in China is politically motivated, in fact, allies of the United States need to improve the competitiveness of their economies. Germany and China are exporting countries, the interests of both are closely linked. To this end, Bruderle said that Germany will help China prevent the birth of a trade war.