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Wysłany: Wto 4:31, 22 Lut 2011 Temat postu: Exchange rates and current accounts were not singl |
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Exchange rates and current accounts were not singled out
Exchange rates and current accounts were not singled out
China also succeeded in removing a reference to current account imbalances in favor of the Needle Felt more narrow trade balance, where Beijing expects its surplus to shrink as it boosts domestic demand under a five-year plan.
But there were also victories for developed countries, which won inclusion of net investment income flows, a measure of Needle Felt interest on Beijing's nearly 3 trillion in reserves. More importantly, they secured a commitment from China, which had been reticent,Steel Flat, to move ahead with the process.
"China gave in to a precise set of indicators but ensured that exchange rates and current accounts were not singled out," said Luca Ricci, head of international economic research at Barclays Capital. "The problem is Needle Felt that having more indicators is not going to make it easier to reach concrete steps that can bring effective solutions to the global imbalances."
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