Global Economy China and U.S. Are the Focus
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Group of Twenty and APEC summit in Seoul, Korea, and has Yokohama, Japan.
This is the first time in the history of G20 and the APEC summit close one after another, the two organizations echoed in Seoul and Yokohama, staged a "Tale of Two Cities."
Transition from G20 to APEC, like from a suit, sat in the conference room talking about the problem of macroeconomic coordination among the major powers, as if wearing a kimono to switch to loose edge with regional partners the freedom to think about the future, while tasting Japanese cuisine.
In the known as the "economic United Nations," the G20 Summit, "It is foreseeable that the United States one-man show does not come out to sing." Zhao Zhongxiu that blamed the quantitative easing monetary policy and the Republican-led U.S. Congress to promote U.S. government policies problems are to the summit of the smell of gunpowder filled the air.
Interestingly, G20 and APEC, almost half of the members overlap. In addition, the International Monetary Fund and World Bank, the two leaders also attended the summit, which is "two sessions" provide favorable conditions for the successful docking.
Meanwhile, the APEC meetings to promote the professional trade and investment liberalization, regional flatted the summit to offer more relaxed conversation between the great powers, to ease diplomatic relations exert regional influence of the occasion. Despite the recent briefing, Chinese Foreign Ministry said, and did not arrange for the Chinese President Hu Jintao and Japanese Prime Minister Naoto Kan-coming bilateral talks, but it is difficult to say there will be a relaxed opportunity to meet ah.
He pointed out, it is worth noting that the APEC meeting, China, Japan, the United States, an important leader of Russia will all be present to participate in the regional integration process in backward countries, the drive has a positive impact on development in Southeast Asia, and can ease the delicate United States some time ago, "the South China Sea" contest and the events in Japan over the Diaoyu Islands area of international relations and a series of major issues.
The United States are the focus
To be sure, both in the G20 or APEC, Running out the exchange rate will be intensified in some way on the table to start.
Institutions is generally expected that the "quantitative easing dollar" and "RMB exchange rate" as the core of the discussion will take turns in the debut of two multilateral meetings. This is behind the recent "exchange rate war" for the representation, the wave of trade protection for the real secret is also intensified.
Yesterday, the latest data released by China Customs show that China's trade surplus in October again, over 20 billion U.S. dollars, from 16.9 billion U.S. dollars last month climbed to 271 billion U.S. dollars, setting a new high in four months. Since the renminbi issue is a hot topic in G20 and APEC, while project management is also often the agenda of the meeting, so a huge current account surplus in China will also be focused.
U.S. foreign trade data is expected in October basically the same situation last month, but the trade deficit will be slightly better. However, the modest improvement in a single month does not reduce its domestic policy on RMB exchange rate and trade accusations. |
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By :
Jessie Stone
Submitted
2010-11-15 07:31:04 |
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