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刘蕊茂(Mary Lau)

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The Chinese Scapegoat  

2007-12-23 19:28:34|  分类: 深度评论 |  标签: |举报 |字号 订阅

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The Chinese Scapegoat

        The inflation of China is a heated discussion in the world.One Correlation composition has been published on October 11,2007, Wall Street Journal.    
        Euro zone finance ministers have found another scapegoat to blame for their economic troubles: the yuan.The Chinese Scapegoat.Some euro expert thought that if the yuan gets more expensive,exports from China will slow,and exports from the euro zone will rise.So that is also a trouble for  Chinese government whether to make yuan  gets more expensive or not.
        If Chinese government make yuan gets more expensive,some  situation may will be happening as below.Any significant yuan revaluation would likely benefit Asian countries most, not the euro zone.Instead of importing bras from China, European. countries would switch their orders to Vietnam or  Bangladesh.We've already seen this dynamic at work  once: When the EU imposed quotas on Chinese exports of T-shirts and other garments, consumers rushed to the stores to stock up and importers scrambled to find alternate, mostly Asian, suppliers.Morever,it's  may make a big effect to the export of China.So Chinese goverment find a few excuse to delay make yuan more expensive at one more time.
          But at ptrsent,as the special situation ,the government has to make some measure to control inflation,like  increase  interest of the back more than three time this year.In China,as some experts said that the inflation of China for the better,they only deeped on the price of pork and eggs.Even now the price of pork and eggs are decrease,as my point of view,also as the course I learned,it isn't  utterly and   truly to measure the situation.In abroad,some economist analyze that China facing a difficult inflation,but chinese economist  and media deny it.
       However,whether to make yuan more expensive or not concert the benefit of every country,especialy  America and Euro which have so many trade with China.
       So  that's a great excuse for Euro to said that China is a scapegoat.

                            

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