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The impact of fed rate hikes on China
2019-08-30 来源: 51Due教员组 类别: Essay范文
下面为大家整理一篇优秀的essay阿根廷国家队官方赞助商范文- The impact of fed rate hikes on China，供大家参考学习，这篇论文讨论了美联储加息对中国的影响。美联储加息，会对中国整个金融体系产生不利影响，虽然中国依旧有能力对这些不利影响进行控制。由于中国的外汇储备量较为充足，因此美联储的加息虽然会对中国经济产生负面影响，但是人民币仍会保持在正常的范围内。
At present, economic globalization has become the main development mode of the world economy, and many strong economies are facing the risk of stagnation. Faced with this situation, the federal reserve has launched the policy of raising interest rates. Therefore, the us can use the spread and exchange rate between the dollar and other currencies to develop emerging economies and promote the development of its own market economy. This economic development model will have a very negative impact on many aspects of economic development, and will have a negative impact on China's economic development.
The rate hike by the federal reserve will have a negative impact on China's economy. The rate hike by the federal reserve will directly lead to short-term capital outflow in China, which will cause losses to China's overall economy. The increasing pressure will affect the overall economic development of our country. The fed's interest rate increase has a promoting effect on China, and will reduce China's foreign exchange reserves. The policy will continue to reduce China's foreign exchange reserves, and the scale of capital reduction will be reduced after the policy is launched for a certain period of time, which fully indicates that the pressure of capital outflow in China will not last long.
At present, the United States has gradually changed its economic model and promoted its own economic recovery. The trend of the federal reserve raising interest rates is also gradually strong, and the United States has realized the appreciation of the exchange rate for a period of time. The appreciation of the dollar means the depreciation of other currencies. The implementation of the fed's policy of raising interest rates will not have a direct impact on China's currency. The reason is that there is a cyclical difference between China's economy and the U.S. economy, which leads to periodic depreciation of China's currency and direct impact of cross-border working capital on RMB. According to the current economic situation, if the us economy continues to implement the fed's policy of raising interest rates, then the us dollar will have an upward cycle for a long time, and the persistence of the upward cycle will make the RMB depreciate continuously, increasing the depreciation pressure of the RMB. There are four main areas of depreciation pressure on RMB in China. One is the narrowing of foreign interest rate difference and exchange rate difference. Second, economic downside risks. Third, export growth has stalled. Fourth, the areas consuming foreign exchange are increasing and increasing in quantity. If the dollar continues to appreciate, it will increase capital outflow and increase exports. Meanwhile, the depreciation pressure of RMB in China will continue to rise.
The implementation of the federal reserve's policy of raising interest rates will directly lead to financial risks in China's financial market, which need to be solved continuously and have adverse effects on the whole financial institutions. In the past, our country will go to leverage in the process of economic development as the main means of development, and take advantage of the real estate market to promote the economic development of our country, but to leverage model and the real estate market gradually takes downward course, made the domestic market economy gradually lower, at the same time, in our country, because of the economic market gradually, many Banks have appeared in the interest income related to pressure, the pressure gradually promoted the financial risk. The real estate market has been promoting the development of the whole economic market for a long time, but the development of the real estate market did not last, but a short-term economic improvement. Many funds invested in the real estate market accounted for too much, but there was no substantial income and return, which accelerated the continuous downturn of the real estate market. The decline of the real estate market directly affects China's economic market and increases China's financial risks.
The interest rate hike by the federal reserve will bring another adverse impact on China's economy, and China's financial and economic market will face more difficulties in the regulation of monetary policy. The interest rate increase of the federal reserve will make us dollar assets show periodic returns, and the increase of yield will cause asset outflow in the short term in China. In China, the stock market and real estate are therefore adjusted, and in the process of adjustment, the whole fiscal benefit will show negative growth. In other words, the us federal reserve's interest rate hike will affect the overall economic strength of China, make China's economy downward trend, and affect the development of the entire real estate market. These objective conditions will affect the economic development of our country, and these objective conditions increase many uncertain factors in the economic development of our country, which will also make the regulation and control of policy more difficult.
As things stand, the fed rate hike will have adverse effects on China's entire financial system, and China still has the ability to control these adverse effects. China's external debt ratio is relatively low, and China has been in the early stage of development has been sustained comprehensive development. Through investigation and study, this paper found that the warning line of China's foreign debt is less than 10%, compared with the warning rate of international debt, China does not have a large economic burden.
From the perspective of China's economic development, China's real economy lacks momentum and has been developing in accordance with the downward trend. The central bank has launched preferential policies for this, and the difficulties of enterprises in the financing process and the difficulties of narrow financing channels have been solved by preferential policies. The use of mass entrepreneurship and innovation gives the whole economy a clear impetus. The adjustment of industrial structure in various regions has been upgraded, all industries have been optimized and solved, and the monetary policy has been improved in the operation process. The government increased the capital input to the development of the economy, which will stabilize the economic growth.
China's financial economy has been gradually affected by the fed's interest rate increase. However, the reason why China is still able to control the negative impact is that China's foreign exchange reserves are relatively sufficient. At present, China's central bank adopts the method of increasing margin in order to reduce the outflow of foreign exchange reserves. The RMB does not depreciate directly. In the current development process of China, if the sustained development will be affected, the pressure of RMB depreciation will increase, because China's foreign exchange reserves are relatively sufficient, so the interest rate hike of the federal reserve will have a negative impact on China's economy, but the RMB will remain within the normal range.
The interest rate hike by the federal reserve will have a very adverse impact on China's financial economy. In view of this impact, China should adopt corresponding fiscal policies and adjust fiscal policies to ensure that China's economy can present a growth trend. At present, China's fiscal expenditure is gradually optimized and improved, and the tax reduction and exemption can be strengthened. Therefore, the fiscal policy has a large development space. The adjustment of fiscal policy can be carried out in three aspects. Firstly, it can start from the people's livelihood, increase the construction of infrastructure, expand domestic demand and stimulate consumption, which can drive the continuous growth of the whole economy. Secondly, it is necessary to optimize the tax preference system for smes. Smes are an active part of the whole economic market, and can use tax preference policies to promote their development, thus driving economic growth. Finally, we should attach importance to the real economy, support the real economy, and strengthen the economic foundation of small and medium-sized enterprises, so as to ensure the steady development of China's economic market.
In the face of the fed raising interest rates, shall on monetary policy tools to innovate and improve, the federal reserve to raise interest rates policy to push short-term capital outflows, China would lead to China's foreign exchange reserves, this phenomenon will influence the liquidity of the monetary base in our country, the lack of liquidity flexibility will be conducive to the development of market economy in our country, China should innovate and improve the monetary policy tools, it is helpful to reduce the outflow of Chinese foreign exchange reserve, increase liquidity in the currency.
In view of the current interest rate hike by the federal reserve, China should increase the flexibility of the RMB exchange rate and continuously monitor the capital outflow, which is the most effective solution at present. China should constantly improve and optimize the RMB exchange rate mechanism in the process of formation, and enhance the flexibility of interest rate, so as to ensure that the RMB can reduce the elastic fluctuation in the short term and avoid the risk of depreciation. Monitor the depreciation of the RMB to avoid short-term capital flows and control risks.
At present, the world economy is constantly advancing and strengthening, and the world economic development mode is gradually improved. However, once many powerful economies make economic policies, they will have adverse effects on the economy of many countries. In order to accelerate its own economic development, the United States is about to push forward the federal reserve's policy of raising interest rates. The dollar dominates the monetary system of the world economy, and exchange rates influence many currencies. A fed rate rise would have a lot of impact on emerging markets as a whole. To some extent, China should continuously reduce the adverse impact of the fed rate hike on China's economy, reduce the pressure of RMB depreciation, and at the same time, analyze relevant policies and adopt a series of measures to solve the adverse impact of the fed rate hike on China's economy.