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Thread: Yuan rise would be disastrous: China export body
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[quote=BOBERT,391404]The simple truth is that the United States holds all the aces in this game. That's the benefit of being the biggest economy in the world. If China doesn't devalue the yuan, America will instigate a trade war and force her to. America will impose crushing tarrifs on all Chinese imports which will force Americans to buy elsewhere. Europe will do the same because they agree with America that the yuan is artificially undervalued. They believe that's partly the cause of their high rate of unemployment and balance of trade problems. If China maintains the yuans current value to placate her own exporters then soon there will be no customers left to export to. There are many other developing countries delighted to sell to China's customers cheaper than China could with tarrifs imposed. Without exports, China's economy will crumble. Currently the balance of trade is hugely weighted in China's favor. China risks losing the majority of her export customers and severley curtailing her economic growth. America and Europe risk losing.........not a dam thing! If you were America....what would you do? The answer is patently obvious.[/quote]
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