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Thread: US economic recession benefits China?
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[quote=ZOEY,264808]It is said that US is possible to cut the interest rates again. US has cut the interest rates several times and it seems that this move was useless. Why do they try it again and again? On contrary, China has raised the interest rates many times in 2007 to cool its economy and prevent inflation and it also didn't work well. The prices of food is still soaring. So is the CPI. If US economic recession can really benefit, that would be very good. However, it can also make China suffer. If US economy go into recession, the dollar will surely depreciate more drastically. Influenced by this, China's Yuan will face severe pressure of appreciating. For this reason, it is no good. Talking about the subsidies, many other nations are dissatisfied with China because it offers much subsidies to its enterprises. EU has adpoted some measures to deal with this issue. What can China do to ease EU's anger?[/quote]
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