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篇目详细内容 |
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【篇名】 |
Long HanSCM Agreement Says “No” to Charges againstRMB Exchange Rate as Export Subsidy |
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【刊名】 |
Frontiers of Law in China |
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【刊名缩写】 |
Front. Law China |
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【ISSN】 |
1673-3428 |
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【EISSN】 |
1673-3541 |
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【DOI】 |
10.1007/s11463-010-0104-2 |
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【出版社】 |
Higher Education Press and Springer-Verlag |
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【出版年】 |
2010 |
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【卷期】 |
5
卷3期 |
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【页码】 |
397-423
页,共
27
页 |
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【作者】 |
Long Han;
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【关键词】 |
RMB exchange rate; export subsidy; financial contribution; benefitconferral; specificity |
【摘要】 |
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Recently one of the big charges raised mainly by the US againstRMB exchange rate is the so-called undervaluation of RMB exchange rate asconstituting a subsidy for China’s exports, the US even threatens to refer it tointernational or domestic settlement. However, the study on the provisions ofsubsidy, i.e., financial contribution, benefit conferral and specificity, the SCMAgreement indicates that RMB exchange rate neither constitutes financialcontribution in art. 1.1 of the SCM Agreement, nor comes in line with the listingsof the Illustrative List of the Agreement. The prevailing exchange rate of RMB isthe only benchmark for the measurement of the value of RMB except that noother methods are available to be used to properly determine whether RMBexchange rate confers any benefit to exporters. As regards specificityrequirement, RMB exchange rate is unspecific, on the contrary, it is among thepolicy measures for the government to regulate economy. |
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