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Six questions about the farce of ＂currency manipulator＂： Why did the United States fall into a ＂demon＂

　　CCTV News:On August 5, the RMB exchange rate "broke 7", which was originally a natural reaction of the market, but it became the "devil" of the US government. The U.S. Treasury Department has declared China a so-called "currency manipulator". What are the real intentions and attempts of the United States behind this farce?

　　1. What is the exchange rate?

　　The exchange rate is the ratio of one country’s currency to another’s currency. If the value of country A’s currency is higher than that of country B’s currency, then people in country A can buy more goods and services in country B with the same amount of country A’s currency. The same is true for countries. A country’s appreciation of another country’s currency is conducive to imports and is not conducive to exports; When a country depreciates against another country’s currency, exports are encouraged and imports are frustrated.

　　2. Is China a so-called "currency manipulator"?

　　According to America’s own standards, the Trade Facilitation and Promotion Act promulgated in 2015 stipulates that the following three points should be met at the same time to judge whether there is exchange rate manipulation in a country or region:

　　First, a large trade surplus with the United States: the trade surplus with the United States exceeds $20 billion.

　　Second, the huge current account surplus: the current account surplus exceeds 3% of GDP.

　　Third, continuous one-way intervention in the foreign exchange market: repeated net purchases of foreign exchange, and the net purchases within 12 months exceed 2% of GDP.

　　If calculated by the standard, China can’t be called a "currency manipulator", because China meets only the first requirement. The view of the International Monetary Fund also points out that the RMB exchange rate is generally in line with the fundamentals.

　　So, the United States added two more. First, "China has been urging its currency to be undervalued through continuous and large-scale intervention in the foreign exchange market for a long time". Second, the People’s Bank of China "publicly admits that it has rich experience in manipulating the exchange rate and is prepared to continue to do so". However, the original words of the People’s Bank of China said that "it has accumulated rich experience and policy tools, will continue to innovate and enrich the control toolbox, and take necessary and targeted measures against possible positive feedback behaviors in the foreign exchange market". Turning the page of history, whether in the Asian financial crisis in 1997, the global financial crisis in 2008 or the Sino-US trade dispute since 2018, China has always insisted on not engaging in competitive devaluation. Most of the tools accumulated by the People’s Bank of China in the past few years are to defend the currency, not to devalue it.

　　3. Is RMB depreciation a natural market reaction?

　　In an interview with Bloomberg, American financial experts pointed out that after the United States announced that it would impose a 10% tariff on $300 billion of goods exported from China to the United States, the RMB "breaking 7" was a natural reaction of the market.

　　In the trade war between Japan and the United States in the last century, the United States put pressure on the yen exchange rate in order to improve the trade deficit with Japan. However, not only the Japanese economy has become a victim, but also the US trade deficit with Japan has not changed significantly. Now that the United States is doing the same thing again, China will not be hooked by the United States again.

　　4. Who is the ultimate pressure in the United States?

　　1950— During the trade war between Japan and the United States in 1990, the yen was forced to appreciate rapidly, and domestic policy liberalization and financial liberalization were implemented. The trade deficit between the United States and Japan has not improved significantly, while the bubble burst after the skyrocketing housing prices and stock markets in Japan.

　　Take history as a mirror. To engage in "competitive devaluation" will hurt everyone, and China will not be hooked by the United States, repeating the Japanese mistakes and letting the United States "do the same thing again".

　　As for the impact, this behavior of the United States has seriously damaged the international financial order, which will inevitably lead to financial market turmoil, and the domestic economy of the United States is also facing comprehensive risks.

　　On August 6th, China’s Ministry of Commerce announced that relevant enterprises in China would suspend the purchase of new American agricultural products. Chippy Duval, president of the American Federation of Farmers’ Associations, said that China’s practice has dealt a heavy blow to American agriculture, and the hardships of thousands of American farmers will get worse.

　　5. What is the intention of the United States to carefully select time nodes?

　　In this case, why did the United States choose to list China as a currency manipulator at this time? What is its next step?

　　Zhang Monan, chief researcher of the US-Europe Institute of China Center for International Economic Exchanges, said, I think on the one hand, it may be to fulfill Trump’s campaign promise after he took office. On the other hand, with the intensification of Sino-US trade war, the United States may hope to further promote exports and boost the economy through a weak dollar. At this moment, when the United States listed China as a "currency manipulator", it was also in a time window. During the China negotiations, it further put pressure on China, which also opened the next policy toolbox of the United States and forced the RMB to appreciate further. It is possible to further pressure China by imposing tariffs or the so-called "anti-tariff subsidy tax". It is also possible to put pressure on China by restricting financing or restricting some financial channels. It is not excluded that the US government will conduct additional review on China’s macroeconomic policies or related exchange rate policies through the IMF platform. Finally, because there are some aspects involved in the opening of financial markets and capital accounts in the China negotiations, it is not excluded that the United States, like the South Korean government in 1988, will further force China to fully open its financial markets and capital accounts through the label of "currency manipulator".

　　6. What are the consequences of the US labeling "currency manipulator"?

　　The escalating economic and trade friction has hit the American economy, seriously hindered the development of the global economy, and aroused widespread concern of world public opinion.

Cabbage price Geely automobile new energy strikes Geely geometry compact suv

If you don’t consider the cost of using the car later when you buy a car, you will regret it afterwards. For example, today’s performance in this respect is worth talking about. Come and see it quickly.

Let’s take a look at the appearance of Geely Geometry M6. The front face of Geely Geometry M6 is dignified and looks sporty. The front headlights are very in line with the aesthetics of consumers and look full as a whole. The car is equipped with LED daytime running lights, automatic opening and closing, adaptive far and near light, delayed closing and so on. Coming to the side of the car body, the size of the car body is 4432MM*1833MM*1560MM, and the car body looks very calm with large-sized thick-walled tires, and the smooth lines run through the whole car side. At the rear of the car, the rear of the car echoes the front face, and the taillights look very simple and neat.

Coming into the Geely Geometry M6 car, the interior design of Geely Geometry M6 looks young and easy to impress the hearts of young consumers. The steering wheel design of the car is very fashionable and sporty, and it is made of leather, which makes people fondle it. Take a look at the central control. The car is equipped with a stylish and generous touch-control LCD central control screen, which makes the interior design quite layered, which is in line with the temperament of the car. The dashboard and seats give people a good feeling, too. Let’s take a look. The dashboard design is remarkable and looks round and lovely. The car uses a leather-like seat, equipped with functions such as seat proportion down, and it is basically enough for daily use.

Geely Geometry M6 matches the gearbox, which is 150KW and 310N.m, with good power performance.

The performance of Geely Geometry M6 trunk space is relatively good, the opening size is in line with its positioning, and the family’s storage needs can be met. At the same time, the car is equipped with anti-lock braking system (ABS), LED daytime running lights, brake assist (EBA/BAS, etc.), braking force distribution (EBD), traction control (ASR/TCS, etc.), main driver airbag and co-pilot airbag.

What’s your main impression of this car after reading the whole article? Such a car with the right price is enough to meet the daily practical needs, and it doesn’t take much thought to maintain it at ordinary times, and the cost performance is good.

Advantages of Pentium T77 and AION Y

Pentium T77 attracts many consumers with its tough design and excellent cost performance. Its interior is exquisite in workmanship and exquisite in materials, creating a sense of advanced beyond the same level. In terms of power, the T77 is equipped with a 1.5T engine with abundant power and economical fuel consumption, which is suitable for urban commuting and long-distance driving. In terms of intelligent configuration, T77 is equipped with D-Life intelligent interconnection system, which supports voice control and makes driving more convenient and safe.

AION Y stands out with its new energy identity and scientific interior design. Pure electric drive, zero emission, in line with the concept of green travel. The cruising range is over 600 kilometers, meeting the needs of daily travel and short-distance travel. The interior is made of a lot of soft materials, with large central control panel and panoramic skylight, which pay equal attention to technology and comfort. ADiGO 3.0 intelligent IOT system provides rich online services, which improves driving pleasure and convenience.

The two cars have their own advantages. Pentium T77 pays attention to cost performance and power performance, while AION Y has advantages in new energy and technology configuration. Consumers can choose according to their personal needs and preferences.

Everyone has different needs and preferences for vehicles, so they should be considered comprehensively according to their own actual situation when choosing. It is best to test drive these two cars in person and feel their characteristics and differences so as to make a more suitable choice.

219,800 BYD Tang EV／Tang DM-p Glory Edition was listed.

Tang DM-i Glory Edition has been selling well since its listing. In March, the Tang family sold 14,079 vehicles. Recently, BYD’s medium-sized SUV Tang EV Glory Edition, Tang DM-p Glory Edition and 2024 Tang DM-p Ares Edition were officially listed, with the price range of 21.98-26.98 million yuan.

Wandering stars

It is reported that this car comes standard with Yunqi -C and intelligent cockpit advanced version -DiLink 100, and Yunqi -C intelligent damping body control system, which can realize millisecond adjustment of suspension damping, improve suspension hardness when the vehicle is accelerating rapidly, decelerating rapidly and cornering at high speed, effectively restrain body pitch and roll, and improve vehicle handling.

The configuration has been fully upgraded, providing 10-point seat massage, intelligent fragrance system, HiFi-level customized Dana audio, tactile LED reading light, 6-nanometer 5G smart chip, wireless charging of 50W mobile phone, 3D car control, parking unlocking, UWB digital key, W-HUD head-up display, intelligent voice interaction of the whole car, etc.

Wandering stars

Wandering stars

Daqing Volvo XC60 Hot Promotion! The latest offer is 289,500! just this once

In the [Easy Car Daqing Local Car Market Promotion Channel], we sorted out the ongoing
Preferential activities. As a car that has attracted much attention, the current discount rate of Volvo XC60 is still amazing. The highest discount rate can even reach 132,400, and the lowest starting price is only 289,500. You can win a larger discount rate by clicking the "Inquiry" button in the quotation form. If you are looking for a practical and affordable model, you may wish to learn about the preferential situation of Volvo XC60.

Let’s take a look at the appearance of the Volvo XC60 first. The front face of the Volvo XC60 feels very round and lovely, and it is equipped with a straight waterfall grille, which looks sporty. Coupled with the headlights, the overall look has a certain sense of hierarchy. The car is equipped with LED daytime running lights, headlight height adjustment, automatic opening and closing, delayed closing and so on. Coming to the side of the car, the body size of the car is 4708MM*1902MM*1660MM, and the car adopts dynamic and lively lines, giving people a very round feeling at the side. With large-sized thick-walled tires, the shape is eye-catching. In the rear design, Volvo XC60′ s rear line is simple, the taillights are very beautiful, and with the unique exhaust pipe, the shape is more spiritual.

Coming into the Volvo XC60 car, the front face of the Volvo XC60 looks very young and fashionable, and the visual effect is good. The steering wheel design of this car is very fashionable and dynamic, made of genuine leather, with a high palm fit. From the central control point of view, with a 9-inch central control screen, the interior style is impressive and meets the aesthetic standards of most consumers. The dashboard and seats give people a good feeling, too. Let’s take a look. The car is equipped with a fashionable dashboard, which looks very tough. The car uses leather/fabric mixed seats, equipped with sports style seats, auxiliary seats with memory electric adjustment, seat with memory electric adjustment, seat proportion down and other functions, and the overall comfort and wrapping are not bad.

The power performance of Volvo XC60 is impressive, and you can feel abundant power output during driving. The design is fashionable and atmospheric, and the lines are smooth and natural, which leaves a deep impression on people. In addition, the space of the vehicle is also very spacious, which can provide a comfortable ride experience in both the front and rear rows. Generally speaking, the Volvo XC60 has excellent performance in power, appearance and space, and is a model worthy of recommendation.

Cars, houses, computer cameras … public property is occupied casually and disposed of in front of you.

　　In addition to public money, some people are also eyeing public things.

　　A cadre in Yanfeng District, Hengyang City, Hunan Province took advantage of his position to take possession of Canon cameras and lenses worth 43,500 yuan purchased by the unit; A village party secretary in Shouguang City, Shandong Province, privately arranged for the postman to deliver the party newspapers and periodicals subscribed by the village Committee to his home for ten years … … Looking at the reported cases in recent years, it is not uncommon for party member cadres to take advantage of their authority or position to occupy or illegally occupy public property. Some people can take everything from high-value cars, houses and computer cameras to small bags of fertilizer and newspapers in order to get rid of the public oil. As everyone knows, this kind of behavior is not as simple as taking advantage, but a serious violation of discipline and even illegal behavior.

　　The first kind of practice is to directly occupy public property. The actor either doesn’t give a penny, or pays some money symbolically, and takes the public property for himself. Here, according to the different objects of occupation, it can be divided into two types. If the public property that I am not in charge of is occupied, the first paragraph of Article 101 of the Regulations on Disciplinary Actions shall apply: "Take advantage of the influence of authority or position to occupy public or private property that I am not in charge of, or occupy public or private property by paying money symbolically", "If the circumstances are minor, give a warning or a serious warning; If the circumstances are serious, he shall be dismissed from his post within the party or be placed on probation; If the circumstances are serious, expulsion from the party will be given. " Then, what if it is the public property that I am in charge of, managed and handled? This should be regarded as an illegal act of corruption, and if it meets the conditions of a large amount stipulated in the criminal law, it constitutes a crime of corruption. In 2015, the revised regulations on disciplinary action adhered to the principle of separation of discipline and law, and deleted the contents that were duplicated with criminal law, public security management punishment law and other laws and regulations, which were followed by the latest revised version. Therefore, the discipline and law convergence clause in the general rules of the regulations can be applied to this behavior, and the responsible person should be investigated for the corresponding party discipline and legal responsibility.

　　The second type of practice is illegal occupation of public property. It is different from the subjective purpose of directly encroaching on public property. The former aims at possession and infringes on the ownership of public property. The purpose of this behavior is only to occupy and infringe on the right to use public property. Some of the occupied public property is for personal use, including for their own use, family and friends. For this kind of behavior, the first paragraph of Article 102 of the Disciplinary Regulations has a special provision: "Taking advantage of the influence of authority or position and occupying public property for personal use in violation of relevant regulations for more than six months, if the circumstances are serious, give a warning or a serious warning; If the circumstances are serious, the punishment within the party shall be revoked. " In addition to personal use, some people engage in profit-making activities by occupying public property, or lend public property to others for profit-making activities, which is more serious in violation of discipline. Therefore, Article 102 of the Regulations on Disciplinary Actions against Party Discipline has correspondingly increased the punishment. As long as there is such an act, it will be punished, and the punishment level will be as high as "expulsion from the Party".

　　It should be noted that there is still a problem of transformation in illegally occupying public property. In reality, if the actor takes advantage of his power or position to occupy public property for more than six months, he should return it without returning it, or the use value has been exhausted (will be exhausted) and cannot be returned, the nature of the behavior has changed and it has become an "occupation behavior", which should be dealt with according to the specific circumstances in accordance with Article 101 of the Party Disciplinary Regulations or criminal law and other relevant laws and regulations.

　　The ancients had a story of "no family letters under the candle", which was as small as candlelight and could distinguish between public and private property, which was really admirable. Public is public, private is private, and party member cadres should be clearly distinguished. Taking some public property, wiping some oil and water, and rubbing some benefits seems to be a small matter, but this is often the starting point for many corrupt behaviors. Over time, it will inevitably lead to the overturning and sinking of life. Only when party member cadres abide by the principle of "distinguishing between public and private, putting public before private, and self-denial and dedication to public service", will the voice in their hearts be extremely clear and firm: "If it’s not mine, I won’t take it." (Duan Xiangyu, website of the State Supervision Commission of the Central Commission for Discipline Inspection)

　　Discipline and law link:

　　Article 101 Whoever, by taking advantage of his authority or position, encroaches on public or private property that he is not in charge of, or encroaches on public or private property by paying money symbolically, or pays gratuitously or symbolically to receive services or use labor services, if the circumstances are relatively minor, shall be given a warning or a serious warning; If the circumstances are serious, he shall be dismissed from his post within the party or be placed on probation; If the circumstances are serious, he shall be expelled from the party.

　　… …

　　Article 102 Whoever takes advantage of his authority or position to occupy public property for personal use in violation of relevant regulations for more than six months, if the circumstances are serious, shall be given a warning or a serious warning; If the circumstances are serious, he shall be dismissed from his post within the party.

　　Those who occupy public property for profit-making activities shall be given a warning or a serious warning; If the circumstances are serious, he shall be dismissed from his post within the party or be placed on probation; If the circumstances are serious, he shall be expelled from the party.

　　Lending public property to others for profit-making activities shall be handled in accordance with the provisions of the preceding paragraph.

　　— — Excerpted from the Regulations on Disciplinary Actions in the Communist Party of China (CPC).

＂Changsha Nightlife＂ exposed the family and predicted that LAY and his parents would reconcile.


1905 movie network news The film produced by, producer, screenwriter and director, starring,,,,,,, starring, specially starring,,, and friendship released a family notice. After the premiere on April 23rd, the family story of Zhang Jingyi, Sophie Su, Luo Gang and LAY in the film aroused many audiences’ empathy. The father wants his son to find a stable job, and the mother wants his son to inherit the food stall business. The desire for care and love conflicts with He An’s talk show dream played by LAY. However, even if there are conflicts, the Changsha family can always reconcile because of their love for each other, which is the meaning of family ties. LAY poked fun at his relationship with his father with a talk show in Changsha dialect, which added a sense of story to the father and son. The director showed a night of affection, friendship and love in Changsha with a big family, which made many viewers very moved.


LAY talk show dream is not understood by parents.

Zhang Jingyi confided her love for her family to YIN FANG.


After the premiere, many viewers felt deeply about the emotional story between He An and his father (Luo Gang) in the film. The typical Chinese-style father-son relationship triggered many viewers to tell stories about themselves and their parents. In the latest exposure of the family notice, LAY plays He An who pursues the talk show dream without being understood by his parents, so a family conflict broke out. He An was dissatisfied with his father because of his parents’ divorce. It was impressive to tease his father’s lines with Changsha dialect talk show: "Since childhood, my father likes to compare me with other people’s children, and I really hope that I can become someone else’s child, so he became the father of other people’s children." He An poked fun at his growing experience in the most joking tone, which made his father’s eyes flooded with tears when he first watched him on a talk show. The phrase "you are not someone else’s child, you are my baby" tells the deepest bond between father and son. In the face of family ties where blood is thicker than water, even the deepest misunderstanding will be melted by love.


For her mother, He An knew that for him, her mother tied herself to crayfish for most of her life. When He An decided to give up the talk show, it was also her mother who firmly supported her children to pursue their dreams and said, "Just do what you want to do." It is touching that a family of three embraced each other in Changsha at night.


"How long have you not had a good chat with dad? How long has it been since you ate the powder cooked by your mother? " In addition to the reconciliation between He An and his parents, people living in this city also have different fetters to their families. He Xixi (Zhang Jingyi), who wants to leave Changsha, tells the reason for leaving "I left them because I want to love them". No matter how far away from my family, my feelings for each other will not become far away. Chen Qingzhi (Bai Yufan) and Liang Baoqi (Zhou Siyu), who came to Changsha to work, felt on the Ferris wheel that "it would be great if we had a light in this city" and "I want to bring my parents to have a look", and strangers could not get over their homesickness. And "home" is also an important motif of director Zhang Ji’s creation of Changsha Nightlife.


Changsha’s happiness comes from the light radiated by every family.

Late-night food stalls contain every struggling soul.


After the premiere, the audience responded enthusiastically to the emotional concentration of the film. Many viewers said that the original impression of Changsha was more "hot", but after watching the film, they knew that this is a city full of tolerance and love. Food stalls give people the impression that they are no longer places to fill their stomachs, but also houses the tired bodies of dream catchers. Food can not only fill their stomachs, but also fill their empty souls. Whether you are a stranger working in Changsha or a dreamer about to embark on a journey, a small food stall encourages every traveler who wants to leave.


The family line in the film has even poked the hearts of many young viewers. Some viewers shared their stories about learning music that their parents didn’t understand, and some viewers said that the father-son line of this film was particularly real and they wanted to take their parents to feel it again.The city of Changsha has witnessed too many stories about family ties. No matter whether it is a migrant worker from a foreign land or a dream catcher who is not understood by his family, he can eat a bowl of authentic Changsha rice noodles at a food stall in the middle of the night and sit with his parents and have a good chat. Those regrets buried in his heart will be filled with love. During the May Day holiday, I took my parents into the cinema together, and let the movie "Changsha Nightlife" replace those unspeakable feelings and love.


The movie "Changsha Nightlife" will be released nationwide on April 28th.