The Chinese RMB is not far away, the United States and began searching for new excuse revolt to China. Beijing time on October 27, the White House says the President Obama may in the G20 summit (G20) is put forward on China rare earth export quota problem. Media reports say, free trade issues will be one of the key topic Seoul summit.
Us-japan Europe together to press China rare earth
In last weekend's warm-up meeting, although G20 members promised not to play exchange rate war, the international monetary fund (IMF), the reform smoothly, but trade problems may have been put on November 10-11 in Seoul, South Korea held the G20 conference table. Yesterday, the United States and Japan started co-opted European countries to press China, asking China to let go of rare earth free trade, German economic minister cloth LvDe le says, will join the "pressure" ranks.
The agreement is the easiest: cannot let the G20 disappear. On October 27,
Korea Louise, reported in Seoul summit, countries will perpetuate scheme and the
G20 mechanism was established as a permanent office to discuss issues, expected
in France for a summit next year will get through. At present not have offices
lati (some people worry that as the crisis of disappearance, G20 will ultimately
be suspended, look to the future of the global economy, stable development, must
let the summit along. 2011 and 2012 will respectively by the French and Mexico
held G20 summit.
New differences highlights rare earth
trade
Germany's excuse is that rare earth is producing electric cars li-ion batteries important material, no rare earth, electric bicycle can't run, trying to will not perform the energy conservation and emissions reduction "crime" imposed on China. However, in the U.S., Japan or Germany, all of them like the trivial, the slightest mention of China re mining, forestry, water and personal health bring pollution hazard, but strong to rare earth put on "free trade" hat. Bloomberg reported that the United States and Japan will take on rare earth trade issues in China, is expected to lati (for some developed European countries also have to follow suit.
Wage war began, the exchange rate has been whether reappearance of wave, will see the fed in early November counsellor interest meeting action. Some experts believe that if sino-us trade war problem consensus on, the fed continued to quantify loose pressure will ease, the dollar exchange rate stability, the war also be solved, but the United States remorselessly co-opted other countries with all kinds of ways, to the detriment of forcing China resolve international economic recovery. In addition, in building global financial supervision fair system, each party also differences, G20 road still thorns densely