Silverbird
Market Veteran
- Reaction score
- 27
"...It’s a huge political problem in Asia for a country [China] eager to assert its leadership in the region: It’s hard to get your neighbors to follow your lead when your exchange rate policies threaten to crash their economies.
By essentially subsidizing exports it further distorts a domestic economy that the Beijing government realizes is too heavy on heavy industry and manufacturing for export and too light on consumer spending..."
http://jubakpicks.com/2009/11/12/ta...-a-re-valuation-of-chinas-currency-is-coming/
(the one shoe we need to drop!)
By essentially subsidizing exports it further distorts a domestic economy that the Beijing government realizes is too heavy on heavy industry and manufacturing for export and too light on consumer spending..."
http://jubakpicks.com/2009/11/12/ta...-a-re-valuation-of-chinas-currency-is-coming/
(the one shoe we need to drop!)
