19:00 on December 16, 2010，The eighth session of the "Mingfa Lecture Hall" sponsored by the Study Department of the Graduate Student Union Bet365 sportsbook reviewof Bet365 University was successfully held in Room 405 of the Law School。The theme of this Mingfa Lecture is "Current China's Exchange Rate" hosted by Teacher Ma Yi from the Law School、The direction of price and financial reform - the balance between price increase and employment" academic report，Teacher Yu Yongning gave a wonderful review as a reviewer。This report was hosted by Li Longwang, a 2010 Master of Laws (Law) student from the School of Law。
Bet365 sportsbook review first briefly introduced what is exchange rate and the generation of exchange rate，Then he told a cold joke about exchange rates，Enabled students to understand a series of problems caused by China's low exchange rate through a simple joke，And understand the formation of the international monetary system (Bretton Woods system)。Continue，Teacher Ma enters the explanation of China issues。Before introducing China issues，Teacher Ma first explained the financial difficulties that Japan, which has a similar financial situation to China, has encountered，Due to holding too much foreign exchange，After signing the Plaza Accord with the United States，Japan has lost ten years of development gains，Remind everyone Bet365to stay alert to China’s excessive foreign exchange holdings，To avoid repeating the mistakes of Japan。The United States not only “plunders” creditor countries by controlling exchange rates，And also gain benefits by devaluing the currency of debtor countries。Hong Kong, our country, has also been affected by the financial crisis。Because China’s exchange rate is too low，brings a series of questions。Last，Teacher Ma put forward his own suggestions on how China should digest foreign exchange。First, reform the foreign exchange management system，Continue to relax restrictions on residents’ foreign exchange settlement and sales，Strive to achieve the goal of hiding foreign exchange for the people。The second is to reform the monetary system，Implement local currency internationalization strategy，Reduce currency mismatch，Fundamentally solve the problem of self-sufficiency in foreign exchange funds。The third is to actively promote economic structural adjustment，Strive to transform the growth pattern。
Last report，Teacher Yu Yongning gave a wonderful comment。Teacher Yu first summarized Teacher Ma Yi’s report，Then he put forward his own opinions，Bet365 sportsbook reviewThink that it is due to the differences between China and Japan in their relations with the United States，China will not have the same situation as Japan。Teacher Yu Yongning’s summary of the report，Enable students to have a more comprehensive understanding of the content of Teacher Ma’s report。
Interactive communication stage，Students enthusiastically asked questions，Bet365 sportsbook review patiently and incisively answered the question。This report has benefited everyone a lot，Also have some knowledge about economics。
Song Ping, Study Department of Bet365 sportsbook review School Graduate Association
