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Thread: Can RMB devaluation encourage exports?
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[quote=CARLOS,336644]Devaluation was the tool Finland used before the depression early 90´s. After joining the EU it has not been possible. Finnish economy did significant growth and when problems came, then just devaluated. And the wheel turned again. Devaluation RMB might be good for Chinese export companies, but thinking of the worldwide situation the possible turn up would perhaps move farther. Also may be that the West is not ready to increase its import significally, because people are careful with money just now. In that case devaluation of RMB would be inconsequential. If so, that might even cause great losses to Chinese economy. Carlos[/quote]
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