Chinese currency always is a hot topic for all of people, and technology
improving has also warmingly discuss among them. The most common method for
judging a currency’s fair value is to estimate the exchange rate needed to bring
a country’s current-account imbalance to a “normal” level. The Peterson
Institute for International Economics, a think-tank which has done lots of work
in this area, reckons that a surplus or deficit of less than 3% of GDP is
acceptable. The IMF’s new forecasts imply that China’s surplus will average 3.2%
over the seven years to 2017. If this is so, it is hard to argue that the yuan
is significantly undervalued.
Chinese officials have already said that the
yuan is now close to its fair value. So far this year it has been broadly flat
against the dollar. But that does not rule out further appreciation. First,
although its overall trade surplus fell last year, China’s surplus with America
rose to a record $202 billion, more than accounting for its total surplus (China
ran a deficit with the rest of the world). To defuse mounting trade tensions,
the Beijing government will remain under pressure to let the yuan climb against
the dollar. Second, even if the yuan’s value is “correct” today, faster
productivity growth than elsewhere means that China should continue to allow its
real exchange rate to rise.
Internet has penetrated into all the aspects of
our life and work. We can study and work by it; we can find a job by it; we can
communicate by it; we can entertain by it; we can buy and sell by it. We can do
almost everything on the Internet, and almost anywhere anytime.
However, at
the same time Internet provides services for us, it is inevitably invading our
privacy to some degree. The services on most websites require our registering.
If we want to enjoy these services, we have to provide much private information,
including our names, gender, address, telephone number and sometimes bank
account. Due to the poor Internet administration and weak network security, our
information might be open, stolen or sold. Even sometimes the information will
be misused by the criminals.
Considering the above-mentioned, we must enhance
the alertness when using the Internet. But it does bring us much convenience for
plants. Anyway, many deal can be closed only on internet. First, when we need
Internet service, we should always log on those big legal websites. Second, if
the service requires important private information, you should think twice
before you type in it.
