Secretary Henry Paulson

December 16th, 2010
by Richard

That, given the economic situation being experienced by China, yesterday met the country's leaders who traced the outlines of economic policy for next year. The information emerged about reproduced by Reuters, reads as follows: The general requirements for economic work next year are to maintain a stable but rapid economic growth through the promotion of demand domestic. The drop in export volume to the Chinese authorities concerned have agreed on the need to take action to recover exports. Potential actions to be taken, may bring an implicit threat to the tradable sectors of the countries most vulnerable to a potential invasion of Chinese products, because these measures may seek to improve the competitiveness of Chinese products that would fall to compete in markets those who do not have a significant presence. The threat of an invasion of Chinese products product of government action to support their exports is exacerbated by the Chinese government's decision on the value of the exchange rate, which they consider to be kept stable (despite pressures for appreciation suffering). These measures would take the Chinese government to support external demand affected by the impact of the crisis, along with the reduction in Chinese imports, undermine the rest of the economies whose companies are to be reduced and that the Chinese market is can reduce its local market following the entry into play of Chinese products. It is clear that the efforts of U.S. Treasury Secretary Henry Paulson, to ensure that the Chinese government to appreciate its currency, have failed to avail.

a But not only China with its economic policies affect other countries. Several governments have taken action in these times of crisis is clearly affecting other economies as was the case of deposit insurance as determined by Ireland in Europe that can not be shuffled. You can also find cases in Latin America, as was Argentina's decision to limit grain exports to Brazil to preserve domestic prices under control given the context of rising international prices. Seeing the negative consequences of the various measures taken by countries on the rest, I attach great importance to the coordination of macroeconomic policies among countries. So far, efforts in this regard appear to be insufficient and this at the end of the crisis is reflected in a higher cost of it. Latinforme. com is the main source of financial information and independent opinion on American and global markets from a Latin American perspective. From our offices in Buenos Aires, Argentina, I approached the latest news and alerts to help you make gains regardless of the direction taken by the market.

Posted in News | Comments (0)

© 2010-2017 Goldfarb & Gold All Rights Reserved