if you are interested in it , Get free samples :sales@edabearings.com

China's central bank monetary policy committee member Huang Yiping said on Thursday that the strong depreciation of the renminbi is mainly due to the strong dollar, the diversification of domestic enterprises and residents of the strong demand for asset allocation, and China's economic slowdown; to fundamentally reverse the depreciation expectations have to rely on structural reform, This is also the key to solving the "risk triangle" problem.

Huang Yiping at the annual meeting of finance and economics pointed out that China and many countries as there are "risk triangle", namely, productivity declining, increasing leverage, and the apparent shrinkage of macroeconomic policy, combined, the conclusion is that by cyclical policies have been compared Difficult to solve the problem or to rely on structural reform.

For the recent hot depreciation of the renminbi, he said that three years ago the market is still discussing the appreciation of the renminbi, depreciation is now expected to strongly, there are three reasons: First, the US dollar is relatively weak, but the Fed to discuss interest rates after the dollar remains strong.

Second, China's people and businesses want to configure non-RMB assets, asset allocation, a strong demand for diversification, this situation can not change the short term.

The most important factor driving the devaluation of the renminbi is that China's economic growth slows down, and it does not know where the bottom is. Companies in the economic transformation do not know where to invest, and are more overseas.

In his view, the economic slowdown from the old and new industrial replacement, the new industry in the formation of a large but not too smooth out the old industry, "fundamentally reverse the (RMB devaluation) is expected, I am afraid to make a fuss about structural reform.

Zhang Yansheng, secretary-general of the Academic Committee of the National Development and Reform Commission, said on the same occasion that the continued devaluation of the renminbi could aggravate the trade deficit with China and cause trade friction. How to manage the expected devaluation of the RMB next year is crucial.

---

PREVIOUS:Wanda Group will invest an additional 103 billion yuan in Shaanxi        NEXT:A + H share price comparison between mainland China and Hong Kong