Seriously underestimated the United States that the yuan could put pressure on the RMB to lobby Brazil

 The end of the visit two weeks after President Hu Jintao, the U.S. Treasury has released the fourth since the Obama administration, And most people expected, the White House did not give the Chinese labeled the so-called

However, the industry also noted that, at least in words, the U.S. government still maintained the renminbi, In the latest report, the White House from the description of the RMB exchange rate will be before the And this week, U.S. Treasury Secretary Timothy Geithner began to visit Brazil, a foreign media reports,

Renminbi rate report.

According to the latest report, including China, the U.S. major trading partners are not manipulating currency to gain unfair trade advantage. The report notes that China started in June last year to restart the RMB exchange rate formation mechanism reform, coupled with the past few months, the pace of yuan appreciation against the dollar accelerated, so China does not meet

reported that since June last year, increased exchange rate flexibility in China since January 27 this year, the RMB has appreciated against the U.S. dollar has been 3.7%, in nominal exchange rates, the annual rate of appreciation rate of about 6%. It is worth mentioning that the report also pointed out that because China's inflation rate significantly higher than that of the United States, the real appreciation of the RMB against the U.S. dollar rate to be greater.

However, experts also noted that the wording of the RMB exchange rate issue, the U.S. report is still quite tough. 4 Report of the Ministry of Finance said the RMB exchange rate is

the U.S. Treasury Department every 6 months must be submitted to Congress a report on the international economic and exchange rate policies report, mainly involving China, Japan, Korea, Brazil, Canada and other economies. Obama took office last week's report is the fourth since the publication of the report, the previous three reports, the U.S. have not found a trading partner, said currency manipulation to gain unfair trade advantage.

La Baxi U.S.

above for the United States, Tokyo-Mitsubishi UFJ Bank economist Lu Puji analysis, this is a compromise choice. On the one hand, the United States continues to claim that China's yuan is undervalued, and that the appreciation in China's own interests; but at the same time, the United States continue not to be included in the Chinese to avoid damaging with such an important trading partners.

Yale University professor, non-executive chairman of Morgan Stanley Asia Stephen Roach said in an interview the current Sino-US relations are at a very important moment, especially in economy and trade. Employment pressures, was detonated by suspected between the two countries, However, Roach pointed out that the leaders of the two concerns should not be limited to such narrow topics such as the RMB exchange rate, but should actively explore if the friction into opportunities to promote a more constructive framework for bilateral cooperation and dialogue.

Specifically, Roach said the U.S. needs a profound understanding of China's economic transformation, can bring enormous benefits to the United States. China has become the third largest, is also the fastest growing export market. On the other hand, China is also available from American-style consumption patterns and consumer goods, many U.S. multinational companies benefit from the internationally renowned reference or access.

However, some members of Congress are still not recognized the government of China New York Democrat Charles Schumer and the Senate, the Senate Finance Committee Chairman Xibaokesi were the first time criticized the Ministry of Finance's report and called on Congress this year should be

may be in order to cope with domestic political pressure, the White House this week, they played another card. Monday, Geithner first visit to Brazil. The source said, inviting Brazil joined the United States, a common problem to put pressure on China's exchange rate, may be one purpose of this trip Geithner. In addition to talks with Brazilian President Rosoff addition, Geithner also with the Brazilian ministers and central bankers held talks.

foreign 8 reported that Brazil's Finance Minister Mantega Geithner on Monday urged China to allow yuan appreciation lobby. Reported that Timothy Geithner said on the Mantega, and the United States, the yuan

intended for the G20 Finance Ministers rally

Geithner also said that other emerging economies to maintain Brazil has a flexible exchange rate makes the commitment to a

this regard, Brazil has not been a public response. Mantega just said Brazil against currency manipulation. Previously, Brazil has been publicly accused the United States to quantify the irresponsible monetary policy has brought to Brazil, the hot money and the currency appreciation, and many other problems. Brazilian officials quoted by local media as saying that the issue of RMB appreciation in the pressure to join the U.S. action would not weaken the Brazilian resentment of U.S. monetary policy.

analysts noted that in the G20 (Group of Twenty) the occasion of the upcoming meeting of finance ministers, the United States may want to diplomatic action through a similar rally to the meeting in two weeks hope to reach the United States results. 18 to 19 this month, G20 Finance Ministers and Central Bank Governors Meeting will be held in France.

However, the wishful thinking of the United States may not be able to do so. G20 summit this year's French presidency of the U.S. dollar is pushing the core of the international monetary system reform. France has to reform the international monetary system, inhibit the excessive volatility in commodity prices and improved global governance top agenda as the G20's.

According to U.S. media reports this week, French President Nicolas Sarkozy, a report commissioned by the G20 proposal for major structural reforms, while expanding the IMF's power to deal with the financial crisis.