[Reprint] he Xin: the United States to buy Chinese goods are actually Chinese pay _ Zhongyuan p

Original address: he Xin: the United States to buy Chinese goods, is actually pays authors in China: an encyclopedia in the comments below this post points out that Mr he Xin, United States subtly Office establishment of Sino-US trade relations, naive use Chinese, do not have to spend money on imports, has become in recent years by the myth of Sino-US trade relations with the amazing reality. Specific of operations processes is as follows:--United States businessman purchase China merchandise, shopping of $ from fed,--China businessman to goods supply United States, $ into China is Bank of China collection go,--Bank of China will RMB as shopping payment paid to China exporters people (this is pays fee), --United States with sales long-term bonds and housing loan, and black stone investment, on behalf of, from Bank of China and the related institutions (outside storage Council and CIC company,) hands, to China get of $ to long-term borrowing, way, ingenious to recovered to fed hands, and can certainly basically has no intention of again return. --Result: China to the United States exports, United States don't have to pay, and has been a Bank of China in the United States the people doing the actual pay. ----despite the falling dollar, but the United States does not have inflation and RMB despite rising, but the Chinese are a serious inflation. (RMB on China market more and more goods at reduced prices how does not rise when? United States in terms not less money in the market continues to increase, prices are not cheap?) is Mr he Xin's original: people should be noted that the last 5 years in China and the United States was formed between the following an extremely fun and absurdity of economic cycle models: (1) United States $ mass scale white bar (that is, the value without any warranty and the falling dollar bills) to buy goods in China (or on behalf of investment) to become China's largest export market. China reportedly earned a massive $ (Exchange). (2) Bank of China in the domestic large print RMB, buying those dollars, and then turn those dollars into foreign currency reserves of the National Bank. (3), but it does not use these earned $, but come back to these dollars lent United States--is said to be for appreciation and hedging of foreign exchange reserves. (Note: until November last year, China's total 896 billion dollars of the United States Treasury, ranked first in the world amounts, which have not been statistical Chinese holdings of United States residents ' housing mortgage bonds, these figures make people confused. ) (4) in the country, the Bank published a large number of RMB to buy dollar exchange (their quantity calculation is simple: line of annual reserves rose x (multiply) = when the issuance of currency exchange rate of the total quantity of that year). Each of these a large number of additional RMB invested in marketing, is the primary cause of the domestic market of serious inflation. (5) long-term Treasury bonds that the billions of dollars as a (in the short term cannot be redeemed) back to United States Hou, China's annual exports to the United States commodity is the same as white to the United States. In other words: people actually used its additional RMB per year, for the United States China indirectly pay for goods and services purchased. ----There is more absurd than this model in the world "market economy" already? another more simple saying is: United States printing An IOU to China to buy things. Printed in RMB for the United States pays, and then return to the white bar United States--if China requires United States exchange the white bar, the United States believes that China is not friendly, and threats to deployed aircraft carrier fried Chinese. In recent years many Chinese in curious to asked--why $ (exchange rate) constantly depreciation and RMB (exchange rate) constantly appreciation, but United States no serious inflation and China has in occurs serious inflation? why in United States market Shang buy China merchandise than China buy will more cheap? (recently surprise smell a famous economists says: China this inflation purely is due to international resources class merchandise price and ziwai entered of--so is strange, United States European and the world other national why no and China synchronization occurs serious of inflation does? does they does not by this price of effect did?) actually real of answers is simple: China prices rose, main is because United States from China "purchase" of merchandise and labor actually is close to white took and without pay money of. There is no such thing as a lunch?, took place in China and the United States between this strange marketing exchange relationships. Extremely simple common sense: in real life, if you can continue to borrow money from a merchant buy him the goods provided, Basic does not have to repay the money you owe him-then these items is the same as his white for you. Exchange patterns for this absurd is China experiencing serious inflation in recent years and continuing fall in the dollar home is not the cause of inflation. As simple as basic economic common sense, China's mainstream economists do not understand. The so-called great Chinese economists, it is one of the world's loveliest and most naive people. Network: China's foreign exchange reserves policies China's foreign exchange reserves rising year by year! 2006, China 's foreign exchange reserves totalling 853.7 billion dollars (excluding Hong Kong and Macao's foreign exchange reserves), for the first time more than Japan, ranked first in the world. The first time in 2009 exceeded $ 2 trillion mark. Reached the end of 2010 of $ 2.86 trillion! it's a tragedy that shocked the Chinese people! people keep in mind: huge foreign currency reserves data like gratifying, but terrible, be sure to arouse a high degree of vigilance! great national foreign exchange reserve of domestic economic crisis not smaller view of the development potential. First, undermine economic growth potential. Certain scale of inflow of foreign exchange reserves represent the corresponding size of in-kind resources to leave, the abatementNational consumption, reduces people's happiness index, is not conducive to sustained economic growth. Extraordinary if China's foreign exchange reserves growth continues, serious damage in the near future potential for economic growth. Second, enormous spreads losses. According to conservative estimates, investment yields profit margins and foreign exchange reserves to 2% to see the difference, if you have $ 600 billion in foreign exchange reserves, annual losses of up to more than 10 billion dollars. If you take into account the risk of exchange rate changes, this greater potential loss. In addition, the country's foreign exchange reserves constitute most of US dollar assets, if the dollar and the Renminbi, China's reserve assets will be seriously diminished. Calculated according to 2009, dollar devaluation or revaluation of 5%, China's foreign exchange reserves that loss of us $ 100 billion. In fact, after the year 2000, China's foreign exchange reserve spreads loss is much higher than foreign exchange reserves growth, you might want to zoom in 10 times. Reserves by 10% per cent of growth spreads a loss of 20% to 200%. ������ʧ�˴����Ļ��ɱ��� Introduction of foreign investment of about $ 50 billion per year in China, and for this State to provide substantial tax advantages, how many Chinese workers lost their dignity, while China held about 20,000 of millions of dollars in foreign exchange reserves, inactive. In this way, partly reduced state revenues, on the other hand people scrape lend to foreigners take the potential opportunity costs cannot be ignored. Four is the effect of the weakening macroeconomic regulation and control. Under the existing foreign exchange management system, the Central Bank has unlimited on the foreign exchange funds repurchase of responsibility, with the growth of foreign exchange reserves, foreign exchange amount increasing. Rapid growth not only in terms of total amount of foreign exchange restrictions on the macro-control effectiveness since 2004, also from structural effects of the weakening macroeconomic regulation and control, and further increase the appreciation force so that Central Bank monetary policy regulation increasingly little space. Five is the international lending application. Reserve too much will make China lose the International Monetary Fund (IMF) concessional lending. In accordance with the provisions of the IMF, and sufficient reserves of countries not only denied that the organization offers low interest loans, must, if necessary, to help other members of the balance of payments difficulties. In China, say that it is a waste, directly affecting people's happiness. Six is to accelerate the country's inflation. Because currency appreciation trends and pressures is not reduced, international hot money profit into the country, likely national rising asset prices, inflationary effect of national life. Since last year, with the rapid growth of China's foreign exchange reserves, domestic inflation has accelerated significantly, but also under increasing pressure, could lead to domestic macroeconomic means it is difficult to control programs. Finally, and most importantly one of the serious consequences, from the serious negative impact on China's foreign policy. As China's foreign exchange reserves buying large quantities of foreign countries in particular the United States national debt, formed a fact dependencies on external relations in particular relations with the United States lost China's diplomatic independence. Moreover, from a political point of view, our foreign exchange reserves were all purchased bonds from Western countries. In Western countries is a lot of this money supports splitting and subversive activities in China.����In particular the United States, such as the National Endowment for democracy, after obtaining the financial support of the Congress, all in support of China's Xinjiang independence, Tibet independence, Falun Gong and pro-democracy movement. In recent years, China's so-called elite economists strongly advocate a country's foreign exchange reserves increased benefits, and stressed that in order to maintain the security of the country's foreign exchange reserves and foreign currency liquidity, misleading decision buying large quantities of United States national debt, which is extremely bad behavior. We call for: Economics is not suitable for Chinese, Chinese economic theory does not copy Western economic theory, just like political cannot mimic Western political system in China. China not bulk storage virtual dollar reserves, foreign exchange accumulation should be used to improve the nation's economy and people's livelihood, support national consumption, improved domestic infrastructure. And should learn United States and abroad investments and financing, borrowing money investments of foreigners in and stimulate consumer awareness of the nation and the improvement of national happiness index