RMB value

RMB value
Jan 10, 2011 02:38
SKYVIA Points: Join Date: Nov 22, 2010 Status: offline	if RMB value is equal dollar ,it does not mean that china is a very developed country .In my opion ,RMB appriciate too much ,will damage our export .foreign trade takes up large part in the GDP .If the RMB appriciate too much ,price of exported goods will grow that is bad for export .because many foreigners do not buy our goods.For example Japan is very rich,but the value of their monery is low .the low money value promote the export and accelerate the econmic development .

Jan 10, 2011 02:38

SKYVIA
Points:
Join Date: Nov 22, 2010
Status: offline

if RMB value is equal dollar ,it does not mean that china is a very developed country .In my opion ,RMB appriciate too much ,will damage our export .foreign trade takes up large part in the GDP .If the RMB appriciate too much ,price of exported goods will grow that is bad for export .because many foreigners do not buy our goods.For example Japan is very rich,but the value of their monery is low .the low money value promote the export and accelerate the econmic development .

Jan 21, 2011 01:48

GUEST456

Actually i also belief so.. At the moment China is still a country where (mostly) western companies build factories or hire workers becaus it is so cheap. When the price is too high, they will look after another country with low cost... and i guess china 1: will loos a lot of money 2: will be strong enough to struggle but still will feel in painfully, and then from a high value to bring it down to a low value (also people lives) will be very difficult

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