How to deal with renminbi Obama

Obama to win the background of the Afro-American history's most controversial presidential election does not mean that the United States from 4 to start the change has embarked on the road. For the Americans, the choice of Obama means change. Of the world, Obama is likely to mean that variable. American conservatism from liberalism to the left-leaning changes in the world, especially in the field of international trade and finance bring a lot of uncertainties. Many people look forward to Obama as his predecessors as Franklin D. Roosevelt launched the New Deal, perhaps people can look forward to becoming a reality, and during the recession of the New Deal Obama also will be a mark of Keynesian Economics. However, uphold the protection of labor interests of the traditional values of the Democrats, Barack Obama, in the rescue of the U.S. economy is on the road to reform will regain the arms trade protectionism, I am afraid that no one kept in the dark. Chinese media comments that Obama will be faced with three major economic problems, that is, economic recession and financial reconstruction policy toward China. Chinese in the world, the third question may be crucial. Obama in the general election in the process of making China's exchange rate card, whether the election drama in the line or the bottom of their hearts reveal the true feelings can only be answered by Obama himself. There is no doubt that both the Republican or the Democratic Party in China at the strategic level, it should not be a big change in policy the new president of the largest variables trade policy toward China is the main choice. Obama clearly opposed to the US-South Korea Free Trade Agreement has been the attitude of Koreans caused unease, a sense of unease and this will naturally be transmitted to the Chinese people. It seems to me that Obama will be in power after making sure of the RMB exchange rate card, but not the power. Obama on many occasions during the campaign criticized the Chinese exchange rate manipulation through access to the U.S. trade interests, we are no stranger to this kind of talk, China and the United States in recent years, the number of trade conflicts, RMB exchange rate issue has become a focus of conflicts The RMB appreciation has been urging the voice, in fact, the U.S. labor groups and manufacturing interests of the Group of the concentrated expression. In as U.S. Treasury Secretary Paulson, the United States on China's exchange rate pressure has eased. The reason for this is, on the one hand, China is in response to inflationary pressures had taken the initiative to speed the pace of RMB appreciation, on the other hand, Paulson is in China's interest shifted to Wall Street's concern about China's capital market openness. At that time, I wrote that comment, Paulson appears to be concerned about the financial problems when he is a good theory of trade experts, because in order to see his perspective, the United States in terms of trade are the comparative advantages of financial services. Therefore, Paulson has been forced to abandon the yuan to appreciate, in turn urged China to speed up opening up the capital market. Today, when the power dial to Obama, the Democratic Party in the trade policy will return to the cognitive aspects of the manufacturing sector. U.S. manufacturing sector to stimulate growth in the working class is not only a political return, but also inhibit economic recession effective weapons. Against this background, Obama will re-license the exchange rate play, and the initial ruling, the request for further yuan appreciation. But this time he also has time, when the U.S. labor groups and manufacturers to put pressure on the RMB exchange rate is also said to be scant Shichuyouming today, the nominal exchange rate of RMB against the U.S. dollar has appreciated by 17.5 percent, and continue to maintain the trend of appreciation In this context, and then continue to put pressure on the RMB exchange rate, the reasons are not strong enough. To some extent, the political element of the show, I am afraid to be more than economic interests. In view of the Chinese yuan in export industries, as well as the U.S. economy into recession, has been a serious impact on exports to the United States will inevitably slow down. As a result, in the future Sino-US trade talks, China also increased bargaining chips. In response to the global financial crisis, the United States is also seeking to China, if China increases investment in the United States, the United States will further reduce the deficit. China and the United States trade policy game, the U.S. focus on trade, which would require the revaluation of the RMB, China's focus in investment in the United States that is open in the field of investment. In short, Obama on the issue of the RMB exchange rate can not be accounted for cheap natural that China should calm them. Obama's pursuit of changes in Sino-US trade issues should be changes.