Pressure On RMB G20 Is Not The Case In The United States.

The summit of heads of state of the group of twenty ended in Seoul summit. China's voice has attracted much attention, and the influence of the United States has been weakening.

Pressure on RMB G20 is not the case in the United States.

If the group of twenty (G20) communiques are meant to conceal the fiscal and economic interests of all countries,

Before the summit ended, the leaders of the twenty countries said that G20 would set an indicator of economic imbalances, but the controversial issue of how to define the imbalance should be postponed until next year.

At least, the US attempt has been effectively curbed, and G20 members have refused to put pressure on the renminbi together.

China has become a strong partner in the participating countries. Foreign media believe that the end of this summit has opened a new chapter in the decline of the United States' super economic power, and President Hu Jintao's speech has impressed the world media.

There is nothing concrete about the conclusion.

"This is not a feast," an official at the G20 summit in Seoul said.

In particular, the leaders of the meeting could not agree on how to define the controversial issue of economic imbalances, but only promised to discuss a series of indicators in the first half of 2011.

South Korean President Lee Myung-bak said heads of state agreed to draw up a regular account guide before the G20 summit in France next year to tackle global economic imbalances.

South Korean media such as the Chosun Ilbo and Yonhap reported that the summit was considered "fruitful" at the end of the summit. However, the evaluation of other countries' media was generally not high. Because the summit failed to come up with specific and effective solutions to the exchange rate issue, more people thought it was "only a step forward and a half step".

The Broadcasting British Corporation BBC's first report is "G20 disappointing the world media". The title of Reuters article is "the summit's results are not good enough to achieve the lowest expectations of the outside world".

The article says that the global market recovery is global.

According to the analysis of the results of the German business daily, the summit is at most listening to each other. The situation of countries is very different now and can not take concerted action.

The London summit in 2009 was different from the summit. At that time, all countries were equally threatened by the financial crisis and worked together to bring the world economy back on track.

The impact of weakening America's declining aura no longer

Obama's criticism of the export power China and Germany met with a widespread counterattack. The US media was disappointed by such a "failure".

On the sidelines, the German media believed that the summit opened a new chapter in the decline of the super economic power.

The extreme rhetoric of Forbes magazine not only expressed anger at G20's refusal to support the US pressure on the yuan, but even said the conflict between China and the United States would threaten world economic growth.

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The 20 most important industrial and emerging countries in the world have not appealed for ending the "competitive depreciation" of the currency.

The Wall Street journal, entitled "the weakening of American influence in the G20 summit", also called China's striking counterattack against the US dollar on the exchange rate issue, was remarkable. But Obama had to stand on an awkward position to defend the central bank which was not controlled by the government.

The United States "New York Times" is helpless sigh: "Obama's aura is darkened".

China's voice is widely criticized for its support from the United States.

Lianhe Zaobao, Singapore, is concerned about Hu Jintao's important speech at the G20 summit.

The article quoted him as saying that the world economy is slowly recovering, but the total demand is still insufficient and there is no new economic growth point.

The economic policy objectives of different countries are different, the coordination of macroeconomic policies is more difficult, and the fragility and imbalance of the world economic recovery are further apparent.

The Wall Street Journal noted that Hu Jintao suggested that China will take a number of measures to stimulate domestic demand and ensure that private consumption continues to rise, contributing to global economic growth.

The newspaper also commented that although Hu Jintao did not name the roll, he criticized America in a subtle way.

The article quoted Hu Jintao as saying that "the main reserve currency issuing economies should implement responsible policies to maintain a relatively stable exchange rate".

Reuters said Chinese officials have repeatedly expressed their dissatisfaction with the Federal Reserve's new loose monetary policy before the G20 summit in Seoul.

The German Frankfurt report pointed out that the surplus of Germany or China does not mean that it is unfavorable to the world and must be corrected. The link between China's RMB and the US dollar is "unhealthy". "China's strong economy should not hook its currency with a failed country."