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Thread: Yuan rise would be disastrous: China export body

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[quote=BOBERT,391638]COOLSPRINGS; You are attempting to make a simple problem appear complicated. It's not. It's just simple mathmatics. The article you posted does not address the problem. It simply advocates postponing it. That will not be allowed to happen for much longer. The entire world is saying the yuan is artificially devalued which is giving China exporters an unfair advantage. China is the only dissenter in this argumant and we both know the motivation for that.

In a little over two weeks the US Treasury Department will rule if China is to be labled a currecy manipulator. For many reasons both domestic and international, it's odds on that it will. Under US law, tarrifs must be imposed on any imports from nations who manipulate their currency. Europe will soon follow the US lead, as they always do in such matters.

A trade war is looming and if the yuan continues to be devalued, then China will soon forfeit her export generated revenue surplus to other developing nations. Increased Chinese domestic consumption could never make up for such a huge shortfall. End of story![/quote]

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