The whole idea of having a free trade area when you have gyrating exchange rates doesn't make sense at all. It just spoils the effect of any kind of free trade agreement.
Sentiment: NEGATIVE
I believe in free trade. I don't support regulating trade prices between different regions. Our point of view is we don't want trade barriers between different countries.
The problem is you cannot have free global trade with highly restrictive, regulated domestic markets.
To achieve a more balanced international system over time, countries with excessive and unsustainable trade surpluses will need to allow their exchange rates to better reflect market fundamentals.
That foreign trade should be fair rather than free.
We have believed for many years, much earlier than anyone else was talking about this issue, that it was in the interest of China to evolve to a more flexible exchange rate system.
I'm not opposed to free trade if it's fair trade. But I am opposed to bad trade deals.
Trade liberalization can be contagious, and the opening of markets regionally can spark progress multilaterally as well.
Foreign trade clearly has been a reason why inflation has been low.
Likewise, free trade does not, as evidenced in CAFTA, mean fair trade.
I think bolstering free trade is a boon to the dollar.