观察美国货币政策 思考中国政策应对

Monetary Policy of the USA And China's Policy Response

当前国内外金融市场面临的焦点问题依然是美元贬值与人民币升值。一方面,美国出于内部金融战略的运用和顺应国际环境的需要,美元兑主要国家货币汇率并非直线单边贬值而是有升有贬;另一方面,人民币单边升值以及升值加速使中国经济金融问题更为严重,如股市反转下跌、通货膨胀高涨。因此,中国货币管理当局需要观察美国货币政策进行政策应对,如完善和规范自身金融、长远应对国际经济与金融形势、从实质上进行金融战略性改革、打消人民币单边升值预期等。

The highlighted problem for domestic and international financial markets is the US dollar depreciation and renminbi appreciation. On one side, it＇s the USA that utilizes its internal financial strategy and complies with the international environment need, the exchange rates of the United States dollar against main currencies are not outright linear depreciation but at appreciation against some currencies while at depreciation against others; on the other side, renminbi outright and its quickened appreciation has made China＇ s economic and financial problems more serious, for instance, stock market reversed with a fall, bigger inflation. Therefore, it＇ s necessary for China＇ s monetary authorities to observe monetary policy of the USA and take responsive measures, such as to perfect and normalize finance of its own, to response international economy and finance circumstances in the long run, to make essential financial strategic reform, to remove outright expectation of renminbi appreciation, etc.