Sino-US economic dialogue, focusing on three major hot spots or on tables of macroeconomic policy
On June 6, the eighth round of the two-day China-us strategic and economic dialogue (S&ED) will be opened in Beijing. This is a annual Sino-US financial dialogue at the highest level exchange platform. President XI Jinping of China special representatives, Vice Premier Wang Yang, Chinese Foreign Minister Yang Jiechi, with United States President Barack Obama's special representatives, Secretary of State John Kerry, Finance Minister Jacob Lew co-chaired the dialogue.
China recently held briefings on the disclosure of information is, in the current session of the economic dialogue, the two sides will join in the discussion of macroeconomic situation and policies, open trade and investment, and financial stability and regulatory cooperation, and on the Group of 20 finance agenda and the global economic situation and risks two strategic topics for discussion.
United States Treasury June 1 disclosure of information is that the current Sino-US economic dialogue, Jacob Lew will steel overcapacity, China's economic transformation, bilateral investment treaty negotiations, established trading centers in the United States and other important issues discussed with the Chinese side.
This round of China-us strategic and economic dialogue will be Obama's last round, outcome had looked forward to the cooperation of both countries. Xinhua News Agency reported, a case study of economic dialogue, between the ministries directly involved in 15 and 14, respectively.
Sino-US relations can be said to a crossroad. "Xinhua News Agency quoted Executive Ruan zongze, Deputy Director of the China Institute of international studies, said that people care about the upcoming dialogue and consultation on what information is sent to the outside world.
"The table" macroeconomic policy
On the macro-policy coordination, Chinese Vice Finance Minister Zhu Guangyao mentioned on a forum in late May, the two sides have taken positive action, and put forward many good suggestions to enhance mutual understanding, promote coordination and cooperation in macroeconomic policies.
According to him, this year so far, Wang Yang, Jacob Lew, Deputy Prime Minister and Finance Minister calls for four times. In February this year before the G20 Finance Ministers and Central Bank Governors meeting in Shanghai, the Special Representative was very important calls.
Following a rumor, Chinese officials tried to confirm the possibility of a Fed rate hike in June or July.
In this regard, Reuters, June 2, citing Zhu Guangyao as saying: "the Fed's monetary policy decisions and the final policy is taken, is the Fed's own decision. However, we welcome the Fed's policies with China and the international financial markets communication. ”
Xinhua quoted analysts as saying that both countries in this round of economic dialogue on macroeconomic and financial policies "on the table" and work together to advance the dialogue fruitful and will show the world to strengthen economic cooperation, and jointly promote strong sustainable and balanced growth of the global economy will lay a good foundation for the G20 Summit.
In September this year, during the G20 Summit in Hangzhou, China and the two heads of State are expected to meet again.
"Both close communication, promoting the February meeting of the G20 Finance Ministers and central bankers in Shanghai reached important consensus to stabilize global financial markets and promote global economic recovery process has played a constructive role. "Zhu said.
Anti-dumping game
As regards trade cooperation, United States Treasury Department officials said at a news briefing, in Sino-US economic dialogue, the United States will urge China to relax investment rules to open up the market, including on a bilateral investment treaty (BIT) consultation, and further urges more immediate market opening.
From 2008, the fourth round of China-us strategic and economic dialogue announced since the launch of Sino-US negotiations on investment agreements had 24 rounds, now in its negative list of substantive negotiation stage.
In March this year during the Boao Forum, former Commerce Minister, Chen Deming, said Sino-US negotiations near the finish, main core issues are over, is currently a negative listing and bidding stages "
We appeared on the negative list for the differences, from bidding for the first time to the present, have been for a long time, and now a new (bid), than before much progress, we the United States also proposed requirements. ”
Concern is now the outside world, United States election may result in significant negotiations process on hold.
Zhu said that both sides ask for more open markets, create a better business environment, so that domestic entrepreneurs sharing the proceeds of growth. "This is the problems, cooperation in the development of conflicts in a constructive way. ”
United States Treasury neisen·xici, Vice Minister for International Affairs has also said the United States will devote all resources, try to complete negotiations within the Obama administration.
Gathering eye of public opinion at the moment is the recent United States exports to China, especially the steel industry frequently launched anti-dumping investigations.
The Obama administration has at least 12 cases against China at the WTO, more than in any previous session of United States Government.
The end of May, neisen·xici said at a seminar at the Brookings Institute, and will continue to achieve more balanced and sustainable development of China's reform, and the reform will provide United States exporters, industry and enterprises to provide a fair environment for competition. As Mr hiznay terms it pointed out that current US-China economic relationship between two of the most important key words are "balanced" and "business environment".
The Wall Street Journal said, in the face of United States of escalating domestic political pressure, both in currency and trade economic relations over the years in the most tense situation.
China's Minister of Commerce Gao Hucheng said in an interview with CCTV, the excess global steel industry, is the root cause of the global economic slowdown, demand is insufficient, protectionism cannot solve the overcapacity problem, it will seriously impact on the international trading order.
Flexibility of RMB exchange rate
On the RMB exchange rate, is widely seen, will not be the focus of this round of China-us economic dialogue.
United Kingdom financial times said, over the years, concerns about currency is United States economic policymakers visit the top of the agenda, but is about to start there are signs in the China-us strategic and economic dialogue, its currency is replaced by new concerns.
Xinhua quoted United States, a senior Finance Ministry official as saying that since last year, China has made remarkable progress in a number of key areas of the reform, including the reform of RMB exchange rate and maintain two-way fluctuation of RMB exchange rate is critical.
About the recent RMB exchange rate lower, the official said, a country should see its real effective exchange rate exchange rate, that is, the exchange rate against a basket of currencies of the trading partners, and not only bilateral exchange rates. ”
"In General, we will continue to urge China to press ahead with reforms to promote more balanced, more sustainable economic growth, such reform will also provide United States experts, workers and enterprises to provide a fair environment for competition. "In charge of International Affairs of the United States Treasury Assistant Secretary Nathan Sheets.
Analysts believe that Washington's main concern this dialogue will focus on the process of market-oriented reform of the RMB exchange rate, the United States hopes to enhance bilateral fluctuation of RMB exchange rate flexibility, and hope that in the United States a Yuan trading center. China will pay more attention to the coordination and communication of monetary policy.
(Editors: Hao Long UN654)
2016-06-05 21:07:37
Surging news
中美经济对话聚焦三大热点 或对表宏观经济政策
6月6日，为期两天的第八轮中美战略与经济对话（S&ED）将在北京拉开大幕。这是中美财金界一年一度最高级别的对话交流平台。中国国家主席习近平特别代表、国务院副总理汪洋，国务委员杨洁篪，将与美国总统奥巴马特别代表、国务卿约翰·克里，财政部长雅各布·卢共同主持本轮对话。
中方在近期召开的吹风会上披露的信息是，本届经济对话中，中美双方将专题讨论宏观经济形势与政策、开放的贸易与投资以及金融稳定和监管合作，同时将就二十国集团财金议程和全球经济形势与风险两个战略性专题进行讨论。
美国财政部6月1日披露的信息是，本届中美经济对话上，雅各布·卢将就钢铁产能过剩、中国经济转型、双边投资协定谈判、在美设立人民币交易中心等重要议题与中方磋商。
本轮中美战略与经济对话将是奥巴马任内最后一轮，中美两国对于合作成果抱有期待。新华社报道称，以经济对话为例，中美两国直接参与的部委就分别达到15个和14个。
中美关系可以说又到了一个十字路口。”新华社援引中国国际问题研究院常务副院长阮宗泽的话说，人们关心即将举行的对话和磋商向外界发出何种信息。
“对表”宏观经济政策
关于宏观政策协调，中国财政部副部长朱光耀在5月下旬的一场论坛上提到，中美双方都采取了积极行动，并提出了许多好的建议来加强相互理解，促进宏观经济政策的协调与合作。
据他介绍，今年到目前为止，汪洋副总理已与雅各布·卢财长进行了四次通话。在今年2月份上海G20财长和央行行长会议召开之前，两位特别代表进行了非常重要的通话。
此前外界传言，中国官方试图确认美联储在6月或7月加息的可能性。
对此，路透社6月2日援引朱光耀的讲话称：“美联储的货币政策的决定权和最终采取什么样的政策，是美联储自己决定的。但是，我们欢迎美联储加强同中方和国际金融市场的政策沟通。”
新华社援引分析人士的说法称，中美两国在本轮经济对话中就宏观经济金融政策“对表”，携手推动对话取得丰硕成果，将向世界展示加强经济合作、共同推进全球经济强劲可持续平衡增长的意愿，为G20峰会打下良好基础。
今年9月，G20杭州峰会期间，中美两国元首有望再度会面。
“正是中美双方的密切政策沟通，推动2月的G20财长和央行行长上海会议取得重要共识，对稳定全球金融市场、推进全球经济复苏进程发挥了建设性作用。”朱光耀说。
反倾销博弈
至于双方的贸易协作，美国财政部官员在吹风会上表示，在中美经济对话期间，美国将敦促中国通过放宽投资规则来开放市场，具体包括对一项双边投资条约（BIT）进行协商，并进一步敦促更多的直接市场开放。
从2008年第四轮中美战略与经济对话宣布启动以来，中美投资协定谈判已经进行了24轮，目前已进入实质性的负面清单谈判阶段。
在今年3月的博鳌亚洲论坛期间，商务部前部长陈德铭曾表示，中美投资协定谈判快到终点，主要核心问题已经结束，目前是负面清单和出价阶段，“
大家在负面清单上出现了一些分歧，从第一次出价到现在，已经很长时间，现在又出了新的（出价），比之前大大进步，我们对美国也提出了要求。”
目前外界的担忧是，美国大选可能会导致重大投资协定谈判的进程出现搁浅。
朱光耀说，中美双方都要求对方更加开放市场、营造更好的营商环境，以便本国企业家分享对方经济增长的收益。“这是发展中的问题、合作中的矛盾，要以建设性方法解决。”
美国财政部负责国际事务的副部长内森·希茨日前也表示，美方将投入一切资源，争取在奥巴马政府任内完成谈判。
眼下更聚集舆论目光的，是近期美国对中国出口商品尤其是钢铁行业频繁发起的反倾销调查。
奥巴马政府至少已在世贸组织对中国发起12次诉讼，次数超过以往任何一届美国政府。
5月底，内森·希茨在出席布鲁金斯学会的座谈会上表示，将继续推行可以使中国实现更平衡、更可持续发展的改革，而改革将为美国出口商、工业和企业提供更公平的竞争环境。希茨指出，目前美中经济关系中最重要的两个关键词是“再平衡”和“商业环境”。
华尔街日报称，面对美国国内不断升级的政治压力，中美两国在汇率和贸易方面的经济关系遭遇数年来最紧张的局面。
中国商务部部长高虎城则在接受央视采访时表示，这一轮全球钢铁产业过剩，根本原因是全球经济增长放缓、需求不足，贸易保护主义解决不了产能过剩问题，反而会对国际贸易秩序造成严重冲击。
人民币汇率弹性
关于人民币汇率，外界普遍认为，不会成为本轮中美经济对话的重点。
英国金融时报称，多年来，对汇率的关切是美国经济政策制定者访华时的首要议程，但即将开始的中美战略和经济对话中有迹象表明，人民币问题被新的担忧取代了。
新华社援引美国财政部一名高级官员的话称，去年以来中国在一系列关键领域的改革取得了显著进展，其中包括人民币汇率市场化改革，人民币汇率保持双向波动相当关键。
对于近期人民币汇率走低，这名官员表示，衡量一国汇率应该参看其实际有效汇率，即对贸易伙伴的一篮子货币的汇率，而不应该仅看双边汇率。”
“总体说来，我们将继续敦促中国推进改革，以推进更平衡、更可持续的经济增长，这种改革也将为美国的专家、工人和企业提供更公平的竞争环境。”负责国际事务的美国财政部助理部长Nathan Sheets表示。
有分析认为，本次对话美方的关注点主要会集中在人民币汇率的市场化改革进程，美方希望增强人民币汇率双边波动的弹性，并希望在美国建立人民币交易中心。而中方则会更关注货币政策的协调和沟通。
(责任编辑：郝龙 UN654)
2016-06-05 21:07:37
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