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Thread: Can RMB devaluation encourage exports?
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[quote=WANHU,339405]With the appreciation of Yuan, many small traders and importers are slowly looking for alternatives besides China, while manufacturing sectors that import materials from China, after beginning to feel the pinch, are trying to produce products with local contents. For example, previously a PVC door costs approximately 200RMB per piece, while locally produced will be about 230RMB; now that door costs 250RMB from China. With the current global economy crisis, I am sure the manufacturers will have a tough time ahead. The statistics may show the soaring surplus, but why some factories are closing down and emplyees are retrenched? Anyway consumers have the final say. Wan[/quote]
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