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Thread: How do you think of the appreciation of RMB?

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[quote=APAULT,235119]Yes it is complicated..and I agree with all the points made here.  We must remember that the USas saying what is good for them, naturally. But it totally ignores the many places it is breaching internation free market agreements... it subsidises so many industries one way or another. The USA and Europe despite all tehir talk of free trade are massive market manipulators.

China is a developing country and cannot afford to have sudden changes that could cause many types or industry to suffer, so the governement's slowly, slowly approach is right to me.  The undervalued RMB has aided exports and hindered imports and so given China a chance to 'take off'.  It has also enabled China to build up massive reserves of foreign currency, while the USA in in massive debt.  China is needs savings, that is a good cautious approach in case the economy slows and it also allows it to invest overseas, so spreading the risk.  We have all the foreign businesses investing in China to make big profits, and this balances things out a bit.  The USA has mismanaged its affairs spending vast sums on foreign involvements over many decades and is now worried about this and wants to blame China.

All in all, China is on the right path, a steady move towards a full market economy, domestically and internationally (hopefully achieveing a harmonious society in the process...yeah, maybe!)

(Harmonious society is an interesting slogan and in theory policy, which students are often required to debate)[/quote]

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