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Dołączył: 30 Sty 2011
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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 [link widoczny dla zalogowanych] 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 [link widoczny dla zalogowanych] interest on Beijing's nearly 3 trillion in reserves. More importantly, they secured a commitment from China, which had been reticent,[link widoczny dla zalogowanych], 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 [link widoczny dla zalogowanych] 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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