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Thread: Yuan rise would be disastrous: China export body
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[quote=COOLSPRINGS,391621]Pollution and low value added exports is not what we like. Seeking transforming economic fundamentals, I guess, is already as a priority in development agenda in China. China has huge capacity of domestic consumption. Hence the key issue arising from appreciation of RMB is not in trade sector rather in upgrading of economic fundamental. America is always a pioneer tide player in terms of taking risks itself and at the same time pushing others to be involved in its game. The globalization initiated by U.S. has brought huge benefits to China. Hope the upcoming challenge would direct Chinese to re-see the most glorious chapter in our history back to Tang Dynasty. Here is an good article addressing the RMB appreciation. Hope BOBERT would take time to read it. [/quote]
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