Foreign Media: will become the currency of RMB 5 trillion dollars flow into China | | $ _ news

Reference news, September 30 Germany published in the Frankfurter Allgemeine, September 28 hengdelike·ankenbulante wrote an article entitled the Chinese renminbi is now officially become a world currency. Says trouble is one of the people familiar with the history of Yuan outside China. Born India economist is the United States, Cornell University Professor and Brookings Institute fellow and former Director of the International Monetary Fund.

On by politicians and some academics called the Chinese currency Yuan "Yuan" the rise of Prasad has written a new book--the development of currency: Yuan rises. The Economist had no doubt that the world is in the foreword of the historic events that took place. He was referring to a 13th century Marco Polo visited China as saying: "towards the end of the day people arriving in baoying, a beautiful city. Residents here are dedicated to God, dying human cremation and the use of paper money. ”

Article says, in the Venetian merchant Marco Polo lives in Europe, notes in the four hundred or five hundred years after extensive use. This is reasonable, after all, the Chinese paper was invented in 200 years ago. When China's currency on October 1 by the International Monetary Fund's special drawing right at the basket, Prasad suggests that this is a country with thousands of years has been leading the world back a logical step in the process.

Against the US dollar is not a threat

Article said that for a long time, Prasad has been to analyse the critical way but also with unambiguous good will look at China's economic rise. Therefore, the Economist pointed out that China's strong history in the book can be expected. But more noteworthy is that Prasad did not indulge in predicting China will increasingly replace the United States as a leading world power of other China-watchers and supporters of excitement. Yuan will become an important international reserve currency, said Prasad, and soon will be heavily used in global trade and financial transactions. However, the renminbi is not a "game-changer"-not in the world's dominant currency to replace the dollar.

Although China's foreign trade showed a huge surplus today, but the country's currency in the world is not much used. Even in the United States among the trade, Chinese companies pay only about 2%, in global terms, of renminbi in payment between the figures are even lower. Euro, pound, and even – the currency used is wider than the Chinese Yuan.

Article says, was incorporated into the International Monetary Fund's currency basket, Yuan had a share would increase. It is estimated that in 5 years time there may be $ 1 trillion went into China, because the Renminbi gains after the certification of the International Monetary Fund the world's central banks and funds will be buying. Prasad is not the days that the dollar has entered a countdown and the United States will decline because of its political system seemingly exposed dysfunction and inevitable.

Although there are indications that China is making change for the rules in their favor: the last October launched cross-border RMB payment system, with the United States leading society for Worldwide Interbank Financial Telecommunication (SWIFT) system in direct competition. According to the aidehua·sinuodeng disclosure, SWIFT system in the United States national security agency surveillance. Now people can use China UnionPay system in Frankfurt and even Greece's Island to pay, usually dominant United States credit card business in China has not been promoted.

Benefits on both sides of the

Article, though, as the Federal Reserve Bank of Dallas said in a recent report, RMB will not soon became a "safe haven". (Analysts say) mainly with Beijing's rulers hope "benefit on both sides of the" related to an international reserve currency, but subject to State regulation, often not subject to State supervision is one of the definitions of reserve currencies.

Article said that last August, China in the International Monetary Fund, pending a decision on whether to make the Yuan a reserve currency sent signals to the world, future development would allow the Yuan more market-oriented direction. But Beijing many times since then shots avoid collapse. Devaluation of the Yuan to the dollar in the past 12 months compared with only 2.6%, this is mainly because China Central Bank to sell dollars. Only this time, China's foreign exchange reserves decreased by over 10%, one-fourth even less than two years ago.

Said efficient financial market in China is still very limited. Stock market instability, and massive capital flight can only be blocked by strict supervision.

Prasad predicted that without reform, even in the history of China is very important, the Yuan's rise will be limited in the foreseeable period--because foreign investors lack confidence in the country. (Compile/Zhao Lian) source: reference news

Responsible editor: Xiang Changming SN123

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外媒:人民币将成世界货币 5年万亿美元流入中国|人民币|美元_新闻资讯

　　参考消息网9月30日报道 德国《法兰克福汇报》网站9月28日刊登亨德里克·安肯布兰特撰写的一篇文章，题为《中国人民币现在正式成为世界货币》。文章称，埃斯瓦·普拉萨德是在中国以外最了解人民币历史的人士之一。这位出生于印度的经济学家是美国康奈尔大学教授、布鲁金斯学会研究员和国际货币基金组织前中国部主任。

　　关于被政治家和部分学术界人士称为人民币的中国货币“元”的崛起，普拉萨德写了一本新书——《不断发展的货币：人民币的崛起》。这位经济学家在书的序言中毫不怀疑世界正在发生历史性的事件。他引用马可波罗13世纪出访中国时的话说：“一天快要结束时人们抵达一个名为宝应的美丽城市。这里的居民供奉神像，将去世的人火化并且使用纸币。”

　　文章称，在威尼斯商人马可波罗所生活的欧洲，纸币在四五百年之后得以才广泛使用。这也很合情理，毕竟中国人在公元200年前就发明了纸张。当中国当今的货币人民币于10月1日被纳入国际货币基金组织的特别提款权货币篮子时，普拉萨德暗示，这是一个几千年来一直领先世界的国家重新崛起过程中合乎逻辑的一步。

　　对美元不是威胁

　　文章称，长期以来，普拉萨德一直以分析批判的方式但也带着明确无误的善意观察中国经济的崛起。因此，这位经济学家在书中指出中国在历史上的强大是可以料想的。但是更加值得一提的是，普拉萨德没有沉醉在预言中国将日益取代美国成为领先世界大国的其他中国观察家和支持者的亢奋当中。人民币将成为重要的国际储备货币，普拉萨德写道，并且很快也会被大量地用在全球贸易和金融交易当中。但是，人民币并不是“游戏改变者”——并不是可以取代美元在世界上主导地位的货币。

　　尽管中国今天的对外贸易显示出巨大的顺差，但这个国家的货币在世界上使用得并不多。甚至在与美国的贸易当中，中国企业采用人民币支付的也只有2%左右，全球来看，人民币在支付往来中所占的比例就更低了。欧元、英镑、甚至日元——这些货币的使用都比中国的人民币更广泛。

　　文章称，眼下随着被纳入到国际货币基金组织的货币篮子，人民币所占的比重将提高。据估计，在5年时间内可能会有1万亿美元流入中国，因为在人民币获得国际货币基金组织的认证后世界各地的中国中央银行和基金都将购买人民币。但普拉萨德并不认为美元的日子已经进入倒计时、美国的衰落会因为其政治制度看似暴露无遗的功能失调而不可避免。

　　虽然到处都有迹象显示中国正在令规则向着有利于自己的方向改变：去年10月北京启动人民币跨境支付系统，与美国主导的环球银行间金融通信协会（SWIFT）系统直接竞争。据爱德华·斯诺登披露，SWIFT系统在美国国家安全局的监控之下。眼下人们可以使用中国的银联系统在法兰克福甚至希腊的小岛上进行支付，而通常占据主导的美国信用卡公司的在华业务却未见提升。

　　两边的好处

　　文章称，尽管如此，正如达拉斯联储最近在一份报告中所说，人民币并不会很快成为“安全港”。（用分析家的话说）这主要与北京执政者希望“两边的好处都占”有关：一个国际储备货币，但却受国家的监管，通常来说不受国家监管是储备货币的定义之一。

　　文章称，去年8月，中国在国际货币基金组织就是否令人民币成为储备货币作出决定之前向世界发出信号，未来将允许人民币向着更加市场化的方向发展。但自那之后北京多次出手避免人民币大跌。过去12个月里人民币与美元相比仅贬值2.6%，这主要是因为中国中国中央银行抛售美元。仅这一时间段内，中国外汇储备就减少了10%以上，与两年前相比甚至减少了四分之一。

　　文章称，有效的金融市场在中国仍还十分有限。股市不稳定，大批资金外逃只能靠严格的监管来阻挡。

　　普拉萨德预言，如果不进行改革，就算中国在历史上非常重要，人民币的崛起在可以预见的时期内仍将是有限的——因为外国投资者对这个国家缺乏信心。（编译/赵涟） 来源：参考消息

责任编辑：向昌明 SN123

文章关键词：
人民币 美元

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