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西藏举行纪念自治区人民代表大会成立50周年大会

2019-08-21 09:43 来源:中国前沿资讯网

  西藏举行纪念自治区人民代表大会成立50周年大会

  百度中间的起承转合,跳脱不开当前中美战略竞争的国际格局。据YTN报导,该处是航空公司空厨设施的建筑工地,仁川消防总部于11时18分指出,火灾蔓延的可能性很大,几乎整个消防部门都被派遣前去救援,目前没有传出人员伤亡的消息。

责编:许雪老帅桑托斯执教的葡萄牙男足在2018年世界杯赛中与西班牙、摩洛哥和伊朗队同组。

  让这些业余团队感到兴奋的是,包括丁乃竺等在内的《暗恋桃花源》台湾原创人马成为了他们的指导老师,这样面对面的排练交流,是他们以前想也不敢想的。对一个具体的人或其家庭来说,今后交替选择不同的方式体验过年的旧风俗和新感觉,或许是不错的想法。

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这两年,我们推进结构调整取得了比较好的成效,一个方面,减少了无效供给,近两年减少籽粒玉米5000万亩,缓解了玉米库存压力。

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  西藏举行纪念自治区人民代表大会成立50周年大会

 
责编:

IMF reiterates China's exchange rate broadly in line with fundamentals

Source: Xinhua| 2019-08-21 06:51:16|Editor: huaxia
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百度   港交所行政总裁李小加表示,港交所拓宽香港上市机制的准备工作现已进入最后阶段,计划让符合一定要求但尚未有盈利或收入的生物科技公司来港上市。

U.S.-WASHINGTON D.C.-IMF-CHINA-REER

People walk past the headquarters of the International Monetary Fund (IMF) in Washington D.C., the United States, on Aug. 9, 2019. China's real effective exchange rate (REER) in 2018 is estimated to be at the same level as warranted by fundamentals and desirable policies, the International Monetary Fund reiterated on Friday in a newly released report. (Xinhua/Liu Jie)

WASHINGTON, Aug. 9 (Xinhua) -- China's real effective exchange rate (REER) in 2018 is estimated to be at the same level as warranted by fundamentals and desirable policies, the International Monetary Fund (IMF) reiterated on Friday in a newly released report.

The average REER in 2018 appreciated by about 1.4 percent relative to 2017, driven by the appreciation in the nominal effective exchange rate (NEER) (1.5 percent), the IMF said in a staff report after concluding the annual Article IV consultation to review the Chinese economy.

China's current account surplus fell by around 1 percentage point to 0.4 percent of gross domestic product (GDP) in 2018 and it is projected to remain contained at 0.5 percent of GDP in 2019, the report noted.

"The external position in 2018 was assessed to be broadly in line with the level consistent with medium-term fundamentals and desirable policies," the IMF said, consistent with its earlier conclusion in its annual External Sector Report released in July.

"The IMF report makes clear that there has been absolutely no currency manipulation and that China's external balance has been appropriate," Jeffrey Sachs, a senior United Nations advisor and renowned economics professor at Columbia University, told Xinhua via email.

In response to the IMF estimates through May 2019 which show the REER has depreciated by about 0.2 percent relative to the 2018 average, Sachs said the unilateral tariff action by the United States "surely has caused some depreciation" of the equilibrium REER.

"The U.S. Treasury action declaring China a currency manipulator was blatantly arbitrary, capricious and political, based on Trump's tweets rather than on objective analysis," Sachs said.

Mark Sobel, non-resident senior adviser at the Center for Strategic and International Studies, and U.S. chairman of the Official Monetary and Financial Institutions Forum, told Xinhua that the Article IV report also notes that China's current account surplus is "small," around half of a percent of GDP, and "that estimates suggest China has not been intervening in the foreign exchange market."

"As such, the Article IV clearly rebuffs the recent U.S. assertion that China is 'manipulating' its currency to gain unfair competitive trade advantage or prevent effective balance of payments adjustment," said Sobel, who was the U.S. representative at the IMF, and once served as deputy assistant secretary for international monetary and financial policy at the U.S. Department of the Treasury.

Gary Hufbauer, non-resident senior fellow at the Peterson Institute for International Economics, told Xinhua that "there's no chance" that the IMF will change its assessment (on currency manipulation) unless the United States threatens to withhold support from the European Union's nominee for the managing director, conditioned on a "fresh evaluation" of the IMF's criteria for assessing exchange rates.

The IMF executive board has initiated the selection process for the next managing director, aiming to reach a decision in early October, after Christine Lagarde formally submitted her resignation in July. The position of IMF chief has always been held by Europeans while the head of the World Bank has traditionally been American, an informal arrangement that has stayed in place for over seven decades.

In the newly released IMF report, the IMF executive directors also commended the Chinese authorities' recent reform progress, in particular, in reducing financial sector fragilities and continuing opening-up of the economy, while underscoring the importance of structural fiscal reforms that can enhance medium-term growth.

Welcoming the country's commitment to multilateralism and a rules-based trading system, the executive directors agreed that trade tensions between China and the United States should be quickly resolved through a comprehensive agreement that avoids undermining the international system.

The directors also concurred that greater exchange rate flexibility and deeper and better functioning foreign exchange markets would help the financial system prepare for greater capital flow volatility.

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