曹远征：这次人民币没有随美元亦步亦趋，说明了一个重要问题

Group 1 - The 28th ASEAN Plus Three Finance Ministers and Central Bank Governors Meeting agreed to expand the scope of the Chiang Mai Initiative to include responses to non-traditional security risks such as pandemics and natural disasters [1] - The Chiang Mai Initiative has been a crucial component of the regional financial safety net since its inception in 2008, contributing positively to regional financial stability [1] - The meeting reflects the determination of ASEAN and Plus Three countries to enhance cooperation in addressing global challenges [1] Group 2 - The ongoing US-China trade war, particularly Trump's tariff policies, is causing significant disruptions in the global financial market, raising questions about the future of the international monetary system [2][6] - Historical precedents, such as the Smoot-Hawley Tariff Act, illustrate the dangers of protectionist policies leading to economic turmoil and conflict [3] - The establishment of a rules-based international multilateral governance system post-World War II was aimed at preventing such conflicts, but current policies are undermining this framework [6] Group 3 - Trump's tariffs are designed to target countries based on their trade surplus with the US, which deviates from traditional tariff practices and threatens the existing international trade order [6][7] - The US's international trade deficit is essential for the dollar's status as the world's primary currency, and Trump's policies are jeopardizing this status [7][8] - The dollar index has dropped significantly, indicating a loss of confidence in the dollar as a reliable international currency [8][10] Group 4 - The international demand for the renminbi is increasing, particularly as China emerges as a major global economic player [9] - The renminbi's internationalization is not limited to trade but is expanding into financial markets, indicating a shift in the global monetary landscape [9][16] - The current situation presents both opportunities and challenges for China's financial system as it navigates the complexities of international currency dynamics [9] Group 5 - The East Asian region is experiencing a push for currency integration, driven by historical financial vulnerabilities and the need for a more stable regional monetary framework [17][19] - The concept of "currency original sin" highlights the region's reliance on external currencies, particularly the dollar, for trade and investment [19] - There is a growing call for the use of local currencies in regional trade to enhance financial security and stability [19]