介绍:
Welcome to the Huazhong Agriculture University English Radio Station.This is news can.I’m Yohanna.
Let’s look through the great news.U.S. RMB exchange rate accusation unjustified
The U.S. accusation that Chinese currency, or renminbi (RMB), remains "significantly undervalued" is not justified because China&`&s current account surplus has declined sharply and the country has stopped intervening in foreign exchange markets, experts said Friday.
"At the moment I don&`&t think using the term &`&significantly undervalued&`& is justified by the facts about the situation," Adam Posen, president of Peterson Institute for International Economics, told Xinhua after a panel discussion on economic growth in Asia organized by the Center for Strategic and International Studies.
Posen said "it doesn&`&t make any sense" to "use the same adjectives and the same languages" in 2015 to talk about the Chinese currency which he believed was undervalued in 2004 to 2005 when China&`&s current account surplus amounted to about 10 percent of its gross domestic product (GDP) and the country intervened intensively in foreign exchange markets.
But in 2015, China&`&s current account surplus has declined to 2 percent of its GDP and the country basically doesn&`&t intervene in foreign exchange markets at all, he said. The U.S. Treasury, Posen said, has acknowledged that China&`&s reduced level of intervention in the foreign exchange market is consistent with the commitment of Chinese government at the U.S.- China Strategic and Economic Dialogue (S&ED). Posen made the remarks a day after the U.S. Treasury declined to rule China as a currency manipulator, but highlighted the need for sustained progress toward a market-driven exchange rate, saying the RMB was still "significantly undervalued" in its Semi- Annual Report to Congress on International Economic and Exchange Rate Policies. Manu Bhaskaran, the chief executive officer of Centennial Asia Advisors, an independent research and advisory firm based in Singapore, echoed Posen&`&s view, saying the manipulation of exchange rates can be measured by one country&`&s foreign exchange reserves.
"China has not accumulated foreign exchange reserves any more. In fact, it has been declining, which suggests it&`&s not intervening (in foreign exchange markets)," Bhaskaran said. China&`&s foreign exchange reserves have fallen to 3.84 trillion U.S. dollars by the end of last year from a peak of 3.99 trillion dollars, according to China&`&s State Administration of Foreign Exchange (SAFE), the country&`&s top forex regulator. The SAFE said last month that the RMB exchange rate is already at a balanced level now, and China will steadily promote free RMB convertibility under capital account.
China does not have any military bases overseas. But when civilians, Chinese and foreign, were waiting hopefully for an escape from war to peace, the Chinese navy came.
Within 12 days, Chinese warships have transported 629 Chinese nationals and 279 foreign citizens out of war-torn Yemen.These ships have been like trustworthy Noah&`&s Arks, bringing both Chinese and foreigners to safe lands.
The success of the mission demonstrates the country&`&s growing international presence and strength to take responsibility for maintaining peace.Recent years have witnessed a rapid increase in China&`&s strength, along with its soft power.Faced with new security threats outside battle fields, China is honing its skills in fields including economics, politics, military and culture.
Indicating the soft power, the China-proposed Asian Infrastructure Investment Bank and "Belt and Road" international trade and infrastructure initiatives are welcomed by many countries. They will benefit China&`&s neighbors and even the whole world.
The increase in soft power is accompanied by hard power -- growing military strength.Years of effort are bringing returns. The world was impressed with China&`&s deployment of military force to evacuate thousands of Chinese citizens in Libya in 2011.
On March 26, an air campaign started in Yemen, leading to the suspension of all commercial flights at airports across the country, with only a few airports open for charter planes.Despite the extreme difficulty of evacuation in Aden due to the intensive exchange of fire, the People&`&s Liberation Army(PLA) Navy provided the most needed help in a timely manner.
Rescue missions represent an examination that China must pass before it becomes a major country.Besides receiving thanks from individual foreign nationals aboard the vessels, the foreign ministries of Germany, Poland, Pakistanand Japanhave also expressed their sincere gratitude to China.
Being a decisive country with the efficiency to back up those decisions, China is shouldering more duties in maintaining world peace and responding to disasters and crises.
The PLA Navy has carried out humanitarian missions including anti-pirate patrols in the Gulf of Aden and getting drinking water to the Maldives.China has also become the largest contributor of peacekeepers among the five permanent members of the UN Security Council.
As often mentioned, China, being the largest developing country, will focus on domestic development. If the world opens its arms to embrace a stronger China, it will gain more than it loses.
The number of last year&`&s positive cases had a sharp rise due to the provincial sports meets, said China&`&s anti-doping authorities on Wednesday. In 2014, a total of 48 doping violations took place in 15,055 doping tests that included 14,562 urine tests and 493 blood tests and 26 came from provincial games. In 2013, the total number of doping violation was 29. China&`&s anti-doping chief Jiang Zhixue said the 26 provincial-level sports meets explained the rise in doping cases. "When provicial-level sport meets are held, doping cases often increase a lot," he said at the annual national anti-doping meeting participated by officials from sports associations a
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