The US media: the Sino-Japan monetary agreement provides direction for the new world
Recently, China and Japan have signed the agreements on the strengthening the financial relations as well as upgrading RMB – yen trade has won praise from the foreign media. In the United States, Bloomberg News commented that although the this agreement was not implied in a large area, it was worth noting because this is a step toward the new world economy, providing guideline for the monetary order of a new world.
Bloomberg noted that, despite the fact that the practical importance of this agreement was limited at present, but it showed that the world economy is experiencing deeper changes. The world should be welcome the agreement. There is still no timetable for implementation of this agreement, but if it is implemented, this will allow the Chinese and Japanese trading companies no longer need to convert the currency into US dollars in conducting monetary transactions. By reducing the risks and costs of trade, it will also promote the development of commerce.
In the meantime, the Sino-Japan agreement also triggered the attention of the European countries. German Finance Minister Wolfgang said the agreement highlighted the importance of the European unity. He said that the news that Japan and China signed a currency agreement had made Germany surprised. He pointed out that: “These advances tell us that the European unity is a good thing. The development made us to realize that as long as the European countries can unite, Europe would be the most powerful economic region in the world. We will welcome opportunities to pursue our own interests and in the world seize these opportunities.
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