To: Starwind
"They have an absolute cost advantage because they have not inflated their cost of living and their currency for 30 years like we have."
That's completely backwards. The Chinese Yuan and the Indian Rupee are just about worthless.
China and India deliberately undervalue their currencies versus the U.S. Dollar in order to make their largest customer (that's us) able to buy more of their goods and services.
In fact, the lower that the Dollar drops, the more it hurts China and India while in turn HELPING U.S. exports.
191 posted on
03/21/2004 12:26:22 AM PST by
Southack
(Media bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
To: Southack
Now you are going to make heads explode. They are getting their "tariffs" and don't even know it.
192 posted on
03/21/2004 12:28:36 AM PST by
Texasforever
(I am all flamed out.)
To: Southack
"China and India deliberately undervalue their currencies versus the U.S. Dollar in order to make their largest customer (that's us) able to buy more of their goods and services."
The purpose of Chinese trade policy is to strengthen the Chinese industrial base and technology base so that the PLA will be able to fight and beat US forces for control of the Pacific Rim.
200 posted on
03/21/2004 12:44:57 AM PST by
jpsb
(Nominated 1994 "Worst writer on the net")
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