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To: CDB
The appreciation of the RMB will not solve the problems of unemployment in the US because the cost of labour in China is only three per cent that of US labour.

Then why does China continue (at great cost) to peg their currency to the dollar?

3 posted on 11/23/2004 10:20:16 AM PST by Last Dakotan
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To: Last Dakotan

Tell China we are closing their access to Home Depot, Wal Mart, Target, Walfgreens, Costco, etc.


29 posted on 11/23/2004 10:55:07 AM PST by FrankRepublican (Boycott NBC & their parent company General Electric for smearing the USMC)
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To: Last Dakotan
...(at great cost)...

You did learn something; I'm so proud of you.

35 posted on 11/23/2004 11:23:36 AM PST by LowCountryJoe (Willie Green after a chemical attack would make an excellent selective unmasking candidate.)
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To: Last Dakotan
Then why does China continue (at great cost) to peg their currency to the dollar?

Many developing counties do the same thing to achieve the appearance of stability and to gain the confidence of investors.

82 posted on 11/26/2004 11:02:15 PM PST by Moonman62 (Federal Creed: If it moves tax it. If it keeps moving regulate it. If it stops moving subsidize it.)
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