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Currency exchange rate not solution to trade issues: US expert
新华网 (2003-09-09 06:20:44)
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   WASHINGTON, Sept. 8 (Xinhuanet) -- A panel discussion at a renowned US think tank spread a view on Monday that the currency exchange rate is not a solution to trade issues.

  Randall S. Kroszner, a visiting scholar at the American Enterprise Institute, said at the panel discussion that changes ofcurrency exchange rate actually have very little impact on the exports to another country.

  Kroszner made the remarks when addressing the current controversies about the relationship between the Chinese yuan and trade issues.

  He also said that China imports enormously from abroad.

  The panel believed that the Chinese currency would not be an issue on the agenda of the upcoming ministerial meeting of the World Trade Organization to be held in Cancun, Mexico from Sept. 10 to Sept. 14.

  The American Enterprise Institute held the discussion on Mondayjust before the Cancun meeting to predict its success or failure. Experts at the discussion generally believed the negotiations could be arduous.

  Among the other economists at panel discussion were Claude E. Barfield, J. Michael Finger and James K. Glassman, all from the institute. Enditem

  



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