人民币国际化中暗潮云涌矛盾.pptxVIP

We hate you guys.” This was how Luo Ping, a senior official at the China Banking Regulatory Commission, vented his frustration at the US in 2009. He a and others in China believed that, as the US Federal Reserve printed money to resuscitate American demand, the value of China’s vast US Treasury bond holdings would plunge along with the dollar. “Once you start issuing $1tn-$2tn#8201;.#8201;.#8201;.#8201;we know the dollar is going to depreciate so we hate you guys – but there is nothing much we can do,” Mr Luo told a New York audience. “我们讨厌你们这些家伙。”2009年中国银监会(CBRC)高官罗平在发泄自己对美国的不满时如是说。他和中国其他一 些人相信，随着美联储(Fed)为恢复美国需求而增印钞票，中国所持有的大量美国国债会和美元一道贬值。罗平对一批纽约听众说：“一旦你们启动1万亿至2万亿美元的印钞……我们就知道美元会贬值，因此我们讨厌你们这些家伙，但我们没有办法。” These frustrations have been cataly sts of great change. The authoritarian rulers of 1.3bn people felt an imperative to reassert control. Imbued with the resentful narrative of a “centur y of national humiliation”, they felt the prospect of the US squandering Chinese wealth was an indignity too far. In response, Beijing decided to hast en the promotion of the renminbi as a global currency. That way China’s exporters could earn “redbacks” rather than greenbacks, allowing their revenue s to be invested at home rather than recycled into US Treasuries – the only pool of dollar liquidity big and safe enough to absorb significant investm ents from China’s reserves (which rose to $3.95tn at the end of March). 这些不满成为中国发生巨变的催化剂。这个拥有13亿国民的政府感到了重新掌握控制权的必要性。“百年国耻”这一充满愤怒的说法深入他们的内心，他们一想到美国有可能挥 霍中国的财富就倍感侮辱。对此，中国政府决定加快推进人民币的全球化。这样中国的出口企业就可以赚回人民币而不是美元，于是它们的收入就能投到国内，而不必重新流入美国国债——这是唯一一个流动性和安全性都高到足以吸收中国外汇储备大量投资的美元资产池。今年3月末中国的外汇储备攀升至3.95万亿美元。 There fore, the genesis of renminbi internationalisation, which will be a key theme during the UK visit this week of Prime Minister Li Keqiang, is indivisib le from China’s aspiration to blaze its own trail rather than integrate into a Pax Americana in whose creation it had no say. 因此，人民币国际化（中国总理李克强本周访英的一个 关键主题）的起因，脱离不了中国对开辟自己道路的渴望，它不愿融入“美国治下的和平”(