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Thread: RMB appreciation fosters more Chinese companies to go abroad

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[quote=GARYKINKADE,271250]I'm not that familiar with Japan's economy from the past except the fact that their property  values were very high, the yen was in crisis at one point in time and that they did invest heavily in the U.S. How the average Japanese worker fared in all of this over time, I have no idea. That being said... it appears that most industrialized countries over a long period of time find it more profitable to invest overseas or invest in financial instruments tied to other countries than to invest in their own industrial infrastructure.This , no doubt, weakens that particular countries future.  China does still have one advantage... and that is it's labor wages are still lower than most other countries. So... I can see where China would want to acquire raw materials from other countries and import them for manufacturing (still cheaper than labor wages of that country) or if China did acquire mfg. assets abroad then have Chinese workers take over the production(but then a problem with the cost of living in that area vs. Chinese wages). Kevin Phillips and Paul Kennedy have some books in regards to Super Powers from the past and their downfalls.[/quote]

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