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re: The negative side effects of a stronger/increasing currency
Posted on 11/14/12 at 1:56 pm to wiltznucs
Posted on 11/14/12 at 1:56 pm to wiltznucs
quote:
This is why many bash China for intentionally devaluing their currency. By doing so they are actually making their exports more competitive and desirable.
Don't they keep it at 1/10 of the dollar constantly or something like that?
2
Posted on 11/14/12 at 2:02 pm to barry
quote:
Don't they keep it at 1/10 of the dollar constantly or something like that?
China does devalue its currency through a number of methods to keep its export market strong. As a sovereign nation its a choice they get to make which also has implications on things like fuel, vehicles, etc that China imports.
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