国产av不卡一区二区_欧美xxxx做受欧美_成年人看的毛片_亚洲第一天堂在线观看_亚洲午夜精品久久久中文影院av_8x8ⅹ国产精品一区二区二区_久久精品国产sm调教网站演员_亚洲av综合色区无码一二三区_成人免费激情视频_国产九九九视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Manipulator label criticized

By Scott Reeves in New York | China Daily Global | Updated: 2019-08-07 14:19
Share
Share - WeChat
The Treasury Department designated China as a currency manipulator, but the US can't seek formal penalties until it attempts to strike a deal with China. [Photo/VCG]

Ex-US Treasury head says department's credibility 'damaged' by accusing China of manipulating yuan

Former US Treasury Secretary Lawrence Summers on Tuesday criticized the Trump administration's decision to name China a currency manipulator, and said Treasury Secretary Steven Mnuchin has "damaged his credibility and that of his office'' by doing so.

In an op-ed article published in The Washington Post, Summers said:

"By labeling as Chinese currency manipulation an exchange-rate move that was obviously a natural response to his boss's policies, the secretary has damaged his credibility and that of his office.

"It will be harder now in the next difficult financial moment for Treasury Department pronouncements to be credited by market participants. Having seen the United States label China a manipulator, the world will wonder whether and how the United States will get China to change its exchange- rate policies," Summers wrote. "If Chinese policies do not change, we will have only demonstrated our impotence to China and the world. Why is that desirable?''

He ended the article by saying: "There is a final problem with the Treasury Department's manipulation claims. ... We have only limited capacity to shape Chinese behavior. Should we not focus on areas where our position is clearly right and the stakes are high rather than areas where our claims are dubious and prosecuting them damages our economy?''

And in an interview with Bloomberg Television on Tuesday, Summers said, "I don't think there was much justi?cation" in the Treasury's manipulator decision. "When you are propping up your currency, not running a trade surplus, you're not manipulating the currency on any definition that is understood and accepted in the ?nancial community."

He said that China has been preventing its currency from sinking rather than pressing it lower.

Summers served as Treasury secretary in the Bill Clinton administration and as an economic adviser to former president Barack Obama.

Daniel Ikenson, director of the Cato Institute's Center for Trade Policy Studies in Washington, tweeted: "The Chinese did not devalue their currency. The yuan has been depreciating because of the tariffs and it is no longer tenable for China to continue to prop up the yuan. There is no manipulation."

Last week, Trump said he would impose a 10 percent tariff on an additional $300 billion of Chinese goods starting Sept 1.

In response, China's central bank allowed the yuan to fall to a low of 7-to-1 against the dollar on Monday. Allowing the yuan to fall reduces the relative price for Chinese imports and makes US products comparatively more expensive.

Trump called the action "currency manipulation" and said it was an attempt to steal US jobs and depress wages. The Treasury Department designated China as a currency manipulator, but the US can't seek formal penalties until it attempts to strike a deal with China.

The major stock indexes - Dow Jones Industrial Average, Nasdaq Composite and S&P 500 - closed up more than 1 percent each Tuesday.

After Monday's selloff, the biggest of the year, Tuesday's rebound of 312 points put the Dow at 26,023.

On Monday, the Dow lost 767.27 points, or 2.9 percent, after US President Donald Trump called China a currency manipulator.

"There is more uncertainty in the global environment," Usha Haley, the W. Frank Barton Distinguished Chair in International Business and a professor of management at Wichita State University, told China Daily. "It does not contribute to planning or investment in the global economy and doesn't bene?t China or the US. We're in uncharted territory."

"Most investors and traders do not find meaningful the designation of currency manipulator and most believe it is unlikely to foster successful negotiations," Andrew Karolyi, a finance professor at Cornell University, told China Daily. "Fluctuations in the yuan continue to re?ect market supply and demand pressures and have for several years. I would not rule out a US-China trade deal before the end of 2019 or early 2020. There are incentives in both countries to stabilize trade flows and ease the burden of trade policy uncertainty."

But Trump may be able to use the currency-manipulation charge to his advantage, one expert said.

"Unfortunately, the declaration that China is a currency manipulator can be used by the president as a reason to take further unilateral actions against China," Steve Charles Kyle, an economics professor at Cornell University, told China Daily. "It is clearly bad news for both the USA and China. The USA will see higher prices as tariffs take effect, and China will see fewer exports as the US buys less and also as production moves elsewhere."

With equity markets roiled and supply chains disrupted, Goldman Sachs now expects the Fed to cut interest rates by at least a quarter- point in September and October.

Trump has frequently called for more cuts in the federal funds rate, which has a target of 2-2.25 percent.

If in?ation is close to the Fed's 2 percent target in December, Goldman Sachs believes rate cuts will stop.

Jan Hatzius, an analyst at Goldman Sachs, said he doesn't expect a trade deal to be reached before the November 2020 election.

"While we had previously assumed that President Trump would see making a deal as more advantageous to his 2020 re-election prospects, we are now less con?dent that this is his view," Hatzius said in a note to investors.

Nancy Kong contributed to this story.

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
天天噜天天色| 日韩精彩视频在线观看| 成人黄色小视频| 极品国产人妖chinesets亚洲人妖| 国产精品.xx视频.xxtv| 女人天堂av在线播放| 欧美日韩在线看片| 国产三级在线看| 色资源在线观看| 真不卡电影网| 黄页视频在线免费观看| 日日噜噜噜夜夜爽爽狠狠视频| 三级av网站| 黄色大片a级| 可骚可骚的黄视频网站| 日本三级电影在线播放| 在线免费黄网| 天海翼视频在线观看| 手机在线观看你懂的| 91九色网站| 中国女人内谢25xxxx免费视频| 国产精品不卡一区二区三区在线观看| 四虎影院成人在线观看| 影音先锋中文字幕在线| 99久9在线视频| 人xxxx性xxxxx欧美| 欧美激情性xxxxx| 国产一卡2卡3卡免费网站| 国产成人禁片免费观看| 2021最新国产精品一区| 特大巨黑人吊性xxxxn38| 夜夜躁狠狠躁日日躁婷婷小说| 欧美一站二站| 久久麻豆视频| 国产精选久久| jizz性欧美23| 亚洲精品白浆高清| 欧美一级精品| 欧美福利一区| 在线亚洲观看| 免费精品视频最新在线| 黄色精品一二区| 国产成人免费视频精品含羞草妖精 | 欧美一级一级性生活免费录像| 日韩美女在线视频| 亚洲精品aⅴ中文字幕乱码| 精品国产乱码久久久久久浪潮| 亚洲第一网中文字幕| 亚洲性视频网址| 日韩有码在线观看| 欧美日韩高清区| 69xxxx视频| 国产精品作爱| 麻豆av资源| 色视频www在线播放| 国内精品一区视频| 美女国内精品自产拍在线播放| 亚洲色图欧洲色图| 亚洲成人精品一区| 欧美在线啊v一区| 日韩亚洲国产中文字幕欧美| 日韩av在线最新| 中文字幕日韩欧美在线视频| 久久国产天堂福利天堂| 2018亚洲男人天堂| 免费精品国产自产拍在| 久草在线资源网| 欧美极度另类性三渗透| 国产午夜精品一区二区三区| 俺去了亚洲欧美日韩| 91精品国产沙发| 国产精品视频h| 成人狠狠色综合| 日韩精品视频无播放器在线看| 婷婷视频在线| 成人免费影院| 亚洲精品在线a| 日韩激情图片| 久久一本综合频道| 成人免费毛片app| 亚洲婷婷在线视频| 欧美亚洲丝袜传媒另类| 日韩av有码在线| 久操成人在线视频| 国产亚洲精品拍拍拍拍拍| 男人艹女人网站| 国产人成在线视频| 亚洲国产福利| 六月丁香久久丫| 黄色成人在线网址| 国产精品一区三区| 最新久久zyz资源站| 欧美亚洲图片小说| 国产亚洲美女精品久久久| 97视频免费观看| 色一色在线观看视频网站| 91在线九色porny| 二区在线播放| 高清久久一区| 91影院成人| 免费高清在线一区| 国产精品欧美极品| 在线观看日韩一区| 亚洲性生活视频在线观看| 男女爱爱福利视频| 天天天天天天操| www在线播放| 国产一区二区三区影视| 波多野结衣在线播放一区| 久久久久国产精品午夜一区| 91麻豆国产精品久久| 五月天一区二区三区| 亚洲国语精品自产拍在线观看| 欧美激情日韩图片| 九九热在线视频观看| 欧美套图亚洲一区| 亚洲精品国产嫩草在线观看| 禁果av一区二区三区| 男男成人高潮片免费网站| 欧美国产综合色视频| 欧美亚一区二区| 中文字幕亚洲综合久久| 九九这里只精品视在线99| 亚洲永久精品免费| 波多野结衣久久| 日韩有码一区| 日韩精品国产精品| 国产精品国产自产拍在线| 91精品欧美久久久久久动漫| 久久国产精品久久精品| 全彩无遮拦全彩口工漫画全彩| 国产视频在线看| 日本久久久久| 精品白丝av| 337p粉嫩大胆色噜噜噜噜亚洲| 在线看不卡av| 久久成人精品一区二区三区| 黄网址在线看| 欧美13一16娇小xxxx| 亚洲一区二区免费在线观看| 国产精品综合| 国产精品―色哟哟| 欧美电影免费观看完整版| 97在线日本国产| 91骚色在线| 蜜桃视频动漫在线播放| 欧美亚洲高清| 成人av网站免费| 欧美亚洲高清一区| 久久久久久久爱| 成年人羞羞的网站| 精品极品在线| 亚洲精品网址| 国产亚洲欧美在线| 日韩视频国产视频| 影音先锋中文字幕在线播放| 亚洲mv在线| 国产一区二区在线观| 国产亚洲在线| 亚洲精品v日韩精品| 日韩久久精品电影| 在线观看岛国片| 国产在线1区| 欧美极品在线观看| 国产成人久久精品77777最新版本 国产成人鲁色资源国产91色综 | 一色桃子久久精品亚洲| 日韩精品视频在线免费观看| 国产免费电影网站入口| 在线观看麻豆蜜桃| 亚洲精品无吗| 国产 日韩 欧美大片| 欧美无乱码久久久免费午夜一区| 久久久久久久久久久91| 日本高清视频网站www| 精品网站在线| 国产一区二区三区的电影 | 国产美女视频黄a视频免费| 丝袜诱惑一区二区| 欧美激情五月| 一区在线中文字幕| 亚洲一区二区福利| 伊人av在线com| 成人小电影网站| 99国产精品| 亚洲国产你懂的| 欧美久久久精品| 中文字幕电影在线| 日韩免费精品| 国产一区二区三区久久久 | 禁网站在线观看免费视频| av老司机在线观看| 欧美午夜不卡影院在线观看完整版免费| 国产精品区一区二区三| 亚洲欧美日韩第一区| jizzjizzjizz中国免费| 精品无人乱码一区二区三区| 亚洲二区免费| 亚洲图片自拍偷拍| 欧美高清在线视频观看不卡| 伊人永久在线| 国产日韩三级| av亚洲精华国产精华| 亚洲а∨天堂久久精品喷水| 免费网站看电影大片| 在线日韩影院| 日韩电影一区二区三区| 91成人免费在线视频| 一区二区三国产精华液| 黄色精品在线观看| 欧美日本不卡高清| 亚洲影视在线观看| 96精品视频在线| 在线观看av黄网站永久| 99热国内精品永久免费观看| 国产精品对白交换视频| 一区二区三区美女xx视频| 日本成本人片免费观看| 精品国产18久久久久久二百| 麻豆国产欧美日韩综合精品二区| 夜夜夜精品看看| 欧美激情久久久久| 毛片在线播放网站| 无码日韩精品一区二区免费| 国产亚洲视频系列| 中文字幕最新精品| 91热爆在线观看| 久久综合另类图片小说| 久久久www成人免费毛片麻豆| 日韩毛片在线观看| 99爱免费视频| www.成人| 99国产精品视频免费观看| 亚洲国产精品美女| 天天操人人干| 樱桃视频成人在线观看| 日韩精品国产精品| 91麻豆精品国产91久久久| 国产免费黄色| 成年视频在线观看| 一本一道久久综合狠狠老精东影业| 亚洲成人在线观看视频| 欧美性视频在线| 在线看一级片| 国产日韩亚洲| 在线观看不卡一区| 国产精品冒白浆免费视频| av日韩亚洲| 久久91精品久久久久久秒播| 欧美一二三四区在线| 免费黄色网网址| 澳门av一区二区三区| 国产精品一区二区免费不卡| 亚洲国产精品小视频| 妞干网免费视频| 亚洲欧美校园春色| 国产精品成人午夜| 久久久免费观看视频| 日p在线观看| 免费日韩av片| 欧美一区二区在线播放| jizzwww| 欧美日韩看看2015永久免费 | 国产精品另类一区| 欧美—级a级欧美特级ar全黄 | 欧美激情二区| 亚洲精品麻豆| 日韩一区二区三区在线观看| av天天av| 国产成人精品免费视| 亚洲国产精品一区二区www| 在线观看精品自拍视频| 涩涩涩在线视频| 国产一区二区精品久久| 少妇久久久久久| 岛国视频免费在线观看| 狠狠久久婷婷| 日韩欧美专区在线| 九色porn| 欧美日韩老妇| 最新热久久免费视频| 影音先锋男人看片资源站| 欧美四级在线| 麻豆91在线播放免费| 国产亚洲成精品久久| 欧美一区二区三区少妇| 国产在线日韩| 69堂国产成人免费视频| 免费看的毛片| 国产精品久久占久久| 欧美视频中文字幕在线| 美女激情福利视频在线观看| 激情小说一区| 亚洲精品日韩一| 国产一级片麻豆| 伊人久久大香| 中日韩免费视频中文字幕| 最近中文字幕在线6| 97欧美成人| 91视视频在线观看入口直接观看www| 久久精品国产亚洲精品2020| www.欧美日本韩国| 久久99国产精品免费| 日韩久久免费电影| 欧美r级在线| 日本视频一区二区三区| 亚洲区中文字幕| 国产激情视频在线观看| 久久超级碰视频| 色阁综合伊人av| zzzwww在线看片免费| 日韩av电影天堂| 亚洲天堂视频在线观看| 日本在线www| 蓝色福利精品导航| 中文字幕亚洲无线码a| 日本孕妇大胆孕交无码| 国产电影一区在线| 九九视频直播综合网| 浪潮av一区| 国产精品66部| 欧美福利视频网站| 超碰97国产精品人人cao| 99久久99久久久精品齐齐| 97久久精品国产| 亚洲女同av| 日本一区二区久久| 狂野欧美性猛交xxxx乱大交| 99香蕉久久| 色香色香欲天天天影视综合网| 制服影音先锋| 一区二区三区在线观看免费| 亚洲第一网站男人都懂| 91se在线| 国产麻豆精品一区二区| 91精品国产91久久久久久吃药| 国产精品毛片久久久久久久久久99999999 | 爱草tv视频在线观看992| 成人免费黄色大片| 久久久在线免费观看| 色综合视频一区二区三区44| 亚洲色图清纯唯美| 乱子伦在线视频| 亚洲最新av| 欧美精品一区二区三区很污很色的| 亚洲精品男人| 精品一区免费av| 久久久久五月天| **欧美日韩在线观看| 亚洲欧洲国产日韩| 免费a级观看| 91精品国产调教在线观看| 亚洲国产精品系列| 中中文字幕av在线| 高清shemale亚洲人妖| 一色屋色费精品视频在线观看| 北条麻妃在线一区二区免费播放| 一区二区三区在线免费视频| www.麻豆| 亚洲精品看片| 亚洲欧美激情一区| 欧美特黄aaaaaaaa大片| 自拍偷拍亚洲综合| 制服丝袜影音先锋| 国产美女一区| 久久精品国产久精国产一老狼| 国产福利亚洲| 精品国产91乱高清在线观看| 91免费版在线观看| 国产一区二区伦理| 中文先锋资源| 国产精品xxxav免费视频| 欧美电影影音先锋| 亚洲视频tv| 国产成人超碰人人澡人人澡| 麻豆视频国产| 97国产精品| 精品视频久久久久久久| 阿v视频在线观看| 18涩涩午夜精品.www| 很黄很a的视频| 日韩精品91亚洲二区在线观看| 久久久免费精品| 校园春色另类视频| 日韩你懂的在线观看| 91社区在线观看播放| 久久久高清一区二区三区| 免费看成年视频网页| 狠狠噜噜久久| 久久成人精品视频| 中文在线免费一区三区| 日韩亚洲欧美成人一区| 午夜在线激情影院| 国产精品伦理在线| eeuss鲁片一区二区三区在线观看| 欧美激情免费观看| 国产精品中文字幕制服诱惑| 日韩精品最新网址| 高清精品在线| 中文字幕制服丝袜成人av| 亚洲精品少妇久久久久久|