To balance the sino-us trade Obama yesterday and published in China's comments, once again, is the RMB exchange rate move, can say the americans take China's exchange rate move is an old trick, they repeated use this to recruit to exactly what to do? The purpose of the United States actually there are two major: one is in the financial crisis times, America wants to use the financial exchange rate this "bomb" to "correction" u.s.-china economic relations towards, reverse the United States trade deficit with China to the trend. Another objective, is the United States also want to borrow to force China open exchange of the financial market, so the U.S. financial enterprise is profitable, other U.S. companies are takes advantage. In polarized sunglasses fact, historically, in the past ten years, between China and the United States has been on the currency issue in a series of debating. In 2003, or bush government period, the United States was called the Treasury secretary snow, the Chinese prime minister said, in fact, we know that exchange rate is a country's internal affairs problems, we should not to exchange rate issues gossiping, more should not interfere with finger; But our country has some members, they don't want to know, didn't also interested in knowing the actual situation, they care most is to use any way to turn the trade imbalances between China and the United States. Afterwards, we saw in 2005, the United States has several big stick senator put forward some of RMB "stick law," said that if China's yuan does not rise, so they are about to lose beauty products to China on a 27.5% tariff. In 2007, the United States and the exchange rate reform supervision and law, "as a treat China as observers to treat, at any time" monitoring "China is in control in the exchange rate. By 2008 Mr Obama in the campaign, he also once explicitly pointed out that China is a national currency manipulation. But in April 2009, the U.S. Treasury actually denied his conclusion. So this time, Obama launched this year by the government budget, and hobbyhorse, I hope Obama don't borrow administrative power to put pressure on force, let the executive branch and congress get a for their own conclusions. Multilateral dialogue multi-pronged actually the Chinese government in the past ten years, according to exchange rate has to take a very pragmatic attitude, not only the United States and on the multilateral talks, has also taken a multi-pronged very many of the measures, with the United States to negotiate. For example in 2003, prime nba jerseys minister wen jiabao to visit the United States in 2006, President hu jintao visited the United States, invite the United States senator with their discussion. And China's national leaders also invited many American economists, including the famous Nobel economist dialogue, to listen to their views, hope to scientific decision-making, the exchange rate reform on the next steps. In multilateral dialogue at the same time, we also introduced a multi-pronged some initiatives of to cooperation.