Foreign exchange operation country "America raised the level of dealing with China" Expert August 6 15:31
Regarding the fact that the United States has recognized China as a “exchange operation country”, Director Wu Wan Hua of the Japan Research Institute, who is familiar with the political economy of the United States and China, told NHK ’s telephone interview, “China is the Trump administration next month. “The US has raised its level of dealing with China to a higher level from trade to foreign exchange because it showed a fairly strong stance against the announcement that it would launch additional tariffs on the first day.” The
In addition, Mr. Wu said, “If there is a high possibility that trade disputes between the US and China will be brought into other fields one after another, from trade to foreign exchange, and finance, and if problems in the economic field cannot be solved, Taiwan and Hong Kong will continue. There is a high possibility that conflicts in areas other than the economy will intensify.
On the other hand, the Chinese government announced that the standard value of the yuan's transaction against the dollar has become the highest level of the yuan's weak dollar for the first time in 11 years and 3 months since May 2008. If the US puts pressure before taking additional tariff measures, there will be an idea that the US will soften its attitude, and that the US will add duties on imported goods from China. I think the Chinese side thought that if the Chinese side could reduce the renminbi, a considerable part of the cost could be covered.
“The Chinese side had the idea that China would win if it earned time in endurance after a trade problem with the United States occurred, and it will never give up,” he said.