Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: *China stuff; HighRoadToChina; maui_hawaii; Slyfox; Free the USA; rightwing2; borghead; ChaseR; ...

Ping.


3 posted on 07/12/2004 6:39:08 PM PDT by Dr. Marten (I donated to the Democratic Party today, but I forgot to flush it down the toilet....)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Dr. Marten; maui_hawaii
Thanks for the ping. ChiCom Watch has a bunch of related articles today:

US-China trade battle heats up
China defends currency quota on foreign banks
China's automakers start to slide
China Stocks Slide
China's Bourses: Stock Markets Or Casinos?
Foreigners feed on China's huge appetite for crude
China's imports and exports soar
China retreats in chip dispute - for now
Shanghai switches off neon lights
Grinding The Rust Off China's Northeast

Hit by power failures in peak periods, factory owners are adjusting production schedules, but many warn that their profitability is at risk because of output falls and rising energy prices.

I guess the real impact depends on the factory. Owners may simply cut wages (if any are given) and/or the PRC will continue to peg the renminbi against the dollar (ie not float the currency)...There are probably other means to keep their products cheaper than competitors and artificially boost the economy. Many, however, don't do much for economic stability.

7 posted on 07/12/2004 8:24:57 PM PDT by batter ("Never let the enemy pick the battle site." - Gen. Patton)
[ Post Reply | Private Reply | To 3 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson