Leading experts denied yuan’s harmful appreciation

Recently, some noted experts said that the yuan is not the factor for <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />America’s trade deficits, and it is helpless to the world recovery including America, if imposing to push up renminbi.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

Liu Zewei with Beijing University says a stabilized China’s economy is quite important to the global warming thus yuan’s rate ought to keep steady.  It is improper fro yuan going up at present, though it has room for revaluation. “The policy  of exchange rate should be subject to macro economic regime, and must be stabilized at the stage of expected warming economy as many boosting measures continue playing the role.”

“the recent quarreling on yuan’s rate is actually farce conducted by US government, in which mixed with so many political sounds,” Li Daokui points out, in this challenge China should struggle for the prominence of issuing information with moral advantages, meanwhile it is necessary to dialogue with America positively to reconcile their concerns thereof. Li serves as chief researcher with Tsinghua University.

Yuan Gangming, Liu’s colleague, says china should review the lesson of Japanese yen to be imposed pushing up in the eighties of last century, which bought about Japan’s economic bubbles that lasted ten years more in deflation.