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To: Colorado Buckeye
146 - "and we haven't even made a dent yet with the Chinese. The 8.3 Yuans still buys 1 dollar. It's going to be interesting moving forward."

The Chinese have pulled a fast one and hard linked the value of the yuan to the dollar, so that as the dollar falls, so does the yuan, making their pricing even cheaper for the world, without impacting their US market prices.
150 posted on 04/13/2004 1:47:44 AM PDT by XBob
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To: XBob
The Chinese have pulled a fast one and hard linked the value of the yuan to the dollar, so that as the dollar falls, so does the yuan, making their pricing even cheaper for the world, without impacting their US market prices.

Indeed. So, either the American people stage a political revolution or the Chinese peasants start a shooting war. I think I know which will happen first.

155 posted on 04/13/2004 2:14:18 AM PDT by Colorado Buckeye (It's the culture, stupid!)
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To: XBob
The Chinese have pulled a fast one and hard linked the value of the yuan to the dollar, so that as the dollar falls, so does the yuan, making their pricing even cheaper for the world, without impacting their US market prices.

I hate to be defending the chinese, but you seem to forget that they kept their fixed rate even during the Asian crisi of 1997 when their currency was actually overvalued. By NOT devaluing their currency and by keeping the fixed rate they managed to prevent the Asian c4isis from becoming a world wide crisis. By doing so they did hurt their economy.
174 posted on 04/13/2004 3:43:21 AM PDT by Cronos (W2K4!)
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