Obama administration officials on the 18th of China's economic prospects show confidence, made it clear that China's economy have the ability to avoid a "hard landing", the United States is ready with the Chinese government one, to help China's economic "soft landing".
 
Lal Brainerd that day, the U.S. Treasury for International Affairs Vice Minister made the remarks at the Washington think tanks - the Center for American Progress. The statistics released last week show that China's economy grew 7.6 percent in the second quarter of this year, the Department for three years for the first time breaking eight, sometimes lead to the outside world to different opinions.
 
Brainerd emphasized that the face of growing European debt crisis, the Chinese government on how to promote economic development have a pragmatic attitude, the United States believes that "China is fully able to prevent an economic hard landing."
 
She was referring to the United States noted that the past two years, the Chinese transformation of economic growth achieved remarkable results, including their wages may be raised, the Chinese current account surplus to GDP, dropped 6 percent, adjusted for inflation, the rate of appreciation of the RMB against the U.S. dollar has been increased to 11 %.
 
In addition, China and the United States to hold the fourth round of Strategic and Economic Dialogue in May this year, the Chinese government promised to begin to implement a structural tax cut during the year, including lowering tariffs and consumption tax rate, in order to further improve the purchasing power of Chinese consumers.
 
Brainard said that the Chinese government clearly see that, if excessive dependence on exports, China's economic growth is not sustainable, so the goal of China's economic growth has occurred significantly change the current Chinese government is committed to stimulate domestic demand, to re-balance the economy.
 
She said that since the Obama government to perform their duties, China and the United States had fruitful cooperation in promoting global economic recovery, the future of the United States is willing to work with China to continue their close cooperation, "to help the Chinese economy achieve a soft landing".
 
Turning to the concern of the RMB exchange rate, Brainard said, the United States believes that market-determined exchange rate regime is to stimulate domestic demand, stimulate growth and re-balancing "core tool", certainly in recent years, the Chinese foreign exchange reform has made significant progress.
 
But she claimed that the United States still believes that the renminbi is "undervalued" yuan against the dollar much faster, and said the United States will continue on this issue, urged China to ensure China's foreign exchange reform and not go back now.
 



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