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market-oriented reforms in other factor markets will intensify,christian louboutin paris, these reforms will increase the gold content of the renminbi,basket louboutin femme, to enhance the attractiveness of the yuan.In order to tap the full range of the RMB exchange reform will follow the trend of globalization of financial markets, the objective should also Europe and Japan,louboutin, and the calls for appreciation, for which there must be a clear understanding. At the same time we must realize that reform and opening up is Correspondingly, China increased opening up,hollister pas cher, Western countries but also on the other open,woolrich parka uomo, which can increase China's imports,louboutin homme pas cher, while the appreciation of the renminbi's just increased the purchasing power of China.Third,abercrombie Q5mZofXqMkzijVZ29D, the steady and rapid development of China's economy and the major Western countries economic malaise tremendous contrast, long-term perspective, the speed difference will be greater,hogan olympia uomo 66I95GmUzxYr6zaY3t, the appreciation of the RMB exchange rate is not very difficult.Over the years, the continued appreciation of the RMB exchange rate factors there is speculation of course, expected factors,escarpin louboutin, passive factor, but the long-term growth of the Chinese economy to stabilize at around 7.5%, far more than in Western countries, the RMB exchange rate appreciation is indeed a fundamental support. The next few years, the United States,hollister soldes, Britain,louboutins, Japan's GDP growth to reach about 2%.
but most rely on the implementation of the early super-loose monetary policy, expected in the fourth quarter, the discussion on the consumption tax will heat up, and brought the Bank of Japan will continue its ultra-loose,woolrich italia, so the yen will remain volatile City,abercrombie and fitch milano EfuCpH6uYD1DQilqeH, the Bank of Japan early next year whether to expand the scale bond purchases, but also observed. Expect the yuan may depreciate against the yen short,bracciali tiffany, medium and long term will appreciate.Long-term perspective, the market is awash with liquidity due to the global trend is hard to change, and the Chinese central bank will keep interest rates unchanged.
the international market there is the interest rate differential, is bound to attract hot money inflows.In fact,barbour france AVxb8KfEl88jMyaD2t,pandora paris, the liquidity on the capital market in China face a substantial easing of liquidity shortages exist,barbour homme Ac0eHZnTtMD5CXdRQK,tiffany, the central bank a little tight for a tight,christian louboutin pas cher, sharp rise in market interest rates immediately,abercrombie pas cher france, which gives the opportunity of speculative hot money. Long-term perspective,hogan olympia iEEgIzuR9gewlKXDrH,tiffany gioielli, it is difficult to reverse the trend of hot money inflows. For example,nike tn,abercrombie firenze qQiWKpwKgrlBFvLAc2, in September, China's central bank foreign exchange increased by 268.2 billion, an increase of 220 billion in October, indicating that the influx of hot money and the appreciation of the RMB exchange rate has a strong positive correlation.Second, China's market-oriented reform is expected to increase the pressure of RMB appreciation. Although the continued appreciation of the RMB exchange rate, but it is under the control of the passive appreciation,hogan 2014 uomo Xv873VfRDCKqOp4IgR, and market-based real exchange rate level there is a large gap. Establishing a free trade zone in Shanghai and the RMB exchange reform is expected to accelerate, indicating that China's financial market regulations will be gradually relaxed,louboutin paris, it would certainly increase the RMB exchange rate expectations. From a macroeconomic study, after the eighth plenary meeting, the Chinese financial market reforms will lead.