| Why Chinese currency manipulation is good for America |
|
|
|
|
|
2006buckeye
New Member
Cash: $ 1.50
Posts: 7
Joined: 03 Jun 2007
|
You brought up a ton of good points. I don't fully understand how the Chinese keep their currency pegged, but doesn't it partly have to do with them buying US treasuries? Have we felt (or will we feel) any impact from such activity?
|
Mon Jun 04, 2007 12:20 am |
|
|
carly_hk2000
New Poster
Cash: $ 0.45
Posts: 2
Joined: 27 Feb 2008
Location: Hong Kong
|
This can help the economy of the US and other countries which buy china export
since all the bills are calculated in Yuan, if the Chinese currency manipulation started, this is good for the manufacturing industry in the US and other countries. It is no doubt that the wage of china is much lower that these countries and china can produce goods with a lower cost and offer them a lower price. These countries will buy more good from China, but this hits the manufacturing industry of those countries. The manipulation of chinese currency will lead to the increase in price of her export and the quantity demanded of the export may fall. People in the US and other countries may tend to buy goods from local. Therefore, the manipulation of chinese currency is good for the US and other countries.
However, to someone like me who lives in Hong Kong, this is definitely not a good thing
|
|
Wed Feb 27, 2008 4:12 pm |
|
|
Anol12a
New Member
Cash: $ 2.10
Posts: 9
Joined: 24 Apr 2012
|
Thanks Nice sharing .
|
|
Thu May 03, 2012 1:01 pm |
|
|
Sime
Senior Member
Cash: $ 86.60
Posts: 445
Joined: 19 Mar 2009
Location: United Kingdom
|
Wow coaster you really pulled all the strings with that post!
Not all countries can afford... a lavish monarchy.
|
|
Thu May 03, 2012 3:19 pm |
|
|
Sime
Senior Member
Cash: $ 86.60
Posts: 445
Joined: 19 Mar 2009
Location: United Kingdom
|
Ah well. Can't read everything I guess. 
Not all countries can afford... a lavish monarchy.
|
|
Sun May 06, 2012 5:16 pm |
|
|
|
