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Thread: Manipulating exchange rates
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[quote=GRIZ326,227110]I did not think traveling in China was cheap, nor was it expensive to me. But this line in a news article caught my eye. It makes me think some body wants to have a single currency."Member nations of the International Monetary Fund are also nudging China and the U.S. to do more to address imbalances in the world economy. To many, that means exchange-rate shifts in the dollar and yuan. It also means more saving (and less borrowing) in the U.S., and more consumption within China." Would you agree that 8:1 is a fine Chinese:US ratio for the time being? I cannot imagine the impact on the rural Chinese if the exchange rate ratio were significantly altered. ...although a change in the ratio might benefit people in Beijing, Shanghai, and other thriving megapolises (Is that a word...or just an expression from a Superman comic book? ;) )...and I know that a dramatic change in the exchange ratio would make traveling in China much more expensive for me.[/quote]
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