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WASHINGTON Cheap Jurrell Casey Jersey , April 10 (Xinhua) -- The U.S. accusation that Chinese currency, or renminbi (RMB), remains "significantly undervalued" is not justified because China's current account surplus has declined sharply and the country has stopped intervening in foreign exchange markets Cheap Avery Williamson Jersey , experts said Friday.

"At the moment I don't think using the term 'significantly undervalued' is justified by the facts about the situation," Adam Posen, president of Peterson Institute for International Economics Cheap Ryan Succop Jersey , told Xinhua after a panel discussion on economic growth in Asia organized by the Center for Strategic and International Studies.

Posen said "it doesn't make any sense" to "use the same adjectives and the same languages" in 2015 to talk about the Chinese currency which he believed was undervalued in 2004 to 2005 when China's current account surplus amounted to about 10 percent of its gross domestic product (GDP) and the country intervened intensively in foreign exchange markets.

But in 2015, China's current account surplus has declined to 2 percent of its GDP and the country basically doesn't intervene in foreign exchange markets at all, he said.

The U.S. Treasury Cheap Wesley Woodyard Jersey , Posen said, has acknowledged that China's reduced level of intervention in the foreign exchange market is consistent with the commitment of Chinese government at the U.S.- China Strategic and Economic Dialogue (S&ED).

Posen made the remarks a day after the U.S. Treasury declined to rule China as a currency manipulator, but highlighted the need for sustained progress toward a market-driven exchange rate Cheap DaQuan Jones Jersey , saying the RMB was still "significantly undervalued" in its Semi- Annual Report to Congress on International Economic and Exchange Rate Policies.

Manu Bhaskaran, the chief executive officer of Centennial Asia Advisors, an independent research and advisory firm based in Singapore Cheap Ben Jones Jersey , echoed Posen's view, saying the manipulation of exchange rates can be measured by one country's foreign exchange reserves.

"China has not accumulated foreign exchange reserves any more. In fact, it has been declining Cheap Rishard Matthews Jersey , which suggests it's not intervening (in foreign exchange markets)," Bhaskaran said.

China's foreign exchange reserves have fallen to 3.84 trillion U.S. dollars by the end of last year from a peak of 3.99 trillion dollars, according to China's State Administration of Foreign Exchange (SAFE) Cheap Brian Orakpo Jersey , the country's top forex regulator.

The SAFE said last month that the RMB exchange rate is already at a balanced level now, and China will steadily promote free RMB convertibility under capital account.

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UNITED NATIONS， July 18 (Xinhua) -- A top UN official on Monday called upon all the 193 UN member states to accelerate the implementation pace of the ""ambitious and transformative"" development agenda by boosting efforts to overcome persistent challenges， new obstacles and unforeseen setbacks in today's turbulent world.

""Achieving the SDGs (the sustainable development goals) is a monumental task. There is no country in the world where all people have equal opportunities to fulfil their aspirations，"" UN Deputy Secretary-General Jan Eliasson said at the opening of a three-day ministerial meeting of the high-level political forum on sustainable development at UN Headquarters in New York.

""Every country has poverty and inequalities to address，"" he said. ""Every country has environmental problems to remedy.""

The forum， convened under the auspices of the UN Economic and Social Council (ECOSOC)， is part of a 2016 high-level segment being held here on July 18-22.

Bringing together representatives from UN member states， civil society actors， academia and the private sector， the forum represents the culmination of ECOSOC's 2016 cycle and addresses the Security Council's overall annual theme， ""Implementing the post-2015 development agenda: moving from commitments to results.""

""Different countries have different challenges. But we know we will all need to change our mindsets and how we act to effectively implement this ambitious new agenda，"" Eliasson said on behalf of UN Secretary-General Ban Ki-moon who is currently in South Africa for the International AIDS Conference.

The deputy secretary-general noted that when member states met at the same forum last year， they were just weeks away from the adoption of the 2030 Agenda for Sustainable Development -- a 15-year anti-poverty， pro-planet action plan -- although they did not reduce the level of ambition during those negotiations.

Meanwhile， he also highlighted that it is reassuring that many countries have already started a ""serious process"" of implementation， building on lessons learned from the Millennium Development Goals (MDGs)， a set of eight anti-poverty targets to be reached by the end of 2015， as well as their own experiences， while other countries are working on setting the stage for implementation.

""The shift from the MDGs to the SDGs is huge，"" Eliasson said. ""The Sustainable Development Goals are universal， integrated， indivisible and mutually re-enforcing.""

The SDGs， approved by world leaders in September 2015， serves as the blueprint for the global development efforts for the next 15 years.

New ways of thinking， acting and organizing， particularly at the country level， are needed， along with different ways of communicating and clear ways of measuring progress， he said.

For its part， the forum has a unique and crucial role in following up and reviewing implementation of the 2030 Agenda for Sustainable Development， Eliasson said， noting that the complexity of the meeting's tasks will require progressive adjustments， especially with regard to national voluntary reviews.

""We live in a turbulent world with growing uncertainties about the road ahead，"" he said. ""There are polarizing， inward-looking trends. At the same time， the world is a world. Wholesale Jerseys Online Wholesale Cheap Jerseys Wholesale Jerseys From China Wholesale NHL Jerseys China Wholesale Authentic NFL Jerseys Wholesale Authentic NCAA Jerseys Wholesale Jerseys Free Shippping Wholesale MLB Baseball Jerseys Cheap Jerseys Wholesale Basketball Jerseys From China