I remember when I went to Japan for vacation, convenience store would gave heavy discount in the evening and I ate that mostly. Taste still good and very affordable.
Chinese Economics Thread
- Thread starter Norfolk
- Start date
bajingan
Senior Member
At least CCP recognizes this problem and attemps is made to drive down iron ore prices
I want to h..g people like her and others upside down. I mean, it's fine if you can't stand the CPC but don't try to distort the people's opinion anecdotally and pretend whats expressed on one medium is uniform accross the land. And what's worse, the b lady admitted blatantly how much of a f..ng presstitute she is for western approval and funding.
Just give them the $$$ funds and they'll happily create lies and backstab
Sell out monkeys. And the strong desire to be desired and accepted as an honorary white slaves wholesale. Allowing the Americanization of the Chinese culture which is basically bastardization and next level colonialism.
AssassinsMace
Lieutenant General
It's sounds like talking points but good and correct ones. Yes just ignore what Australia did to start this and of course it looks like it's China's fault. The critics of China always acts like they've done nothing to provoke but they're the ones that want to change China to their liking. Of course again it's not them. It's a higher calling, like human rights and democracy, demanding these things of China so they shouldn't be punished for something the higher calling wants hence why they always think they're innocent. Australia will be the country version of what happened with Google. Instead of arrogantly believing they will lead the world against China, they instead will be cautionary tale for the world for what not to do.
The RMB should be allowed to go up faster than expected. That would push up inflation in the US, thereby forcing them to raise interest rates. The Yankees have always accused China of currency manipulation. Now is the time of doing them a favor, by appreciating the RMB in a big way.
Most of the contracts have already been signed. So even if Yuan appreciated rapidly, in the short term factories would still need to honor their deals. In the end, Chinese manufacturers would end up with bearing most of the cost of appreciation.
On the contrary, a slow and steady appreciation would give manufacturers the time to adjust. Anticipating a further appreciation would lead to the manufacturers to increase their prices and reject low ball contracts. I would argue 5-10% increase annually for a few years is more beneficiary.
Despite all the anecdotal misinformation from the western press, Industrial Capacity Utilization is running at a very high rate and still rising.
There is sufficient allowance to raise prices without worrying too much about competition. Also on contrary to instinct, the export prices in USD should also be adjusted to mitigate against RMB appreciation pressure. USD$10 price today is worth 64 RMB @ 6.4RMB/USD but it will only be worth 50RMB @ 5RMB/USD when payment is received.
There is sufficient allowance to raise prices without worrying too much about competition. Also on contrary to instinct, the export prices in USD should also be adjusted to mitigate against RMB appreciation pressure. USD$10 price today is worth 64 RMB @ 6.4RMB/USD but it will only be worth 50RMB @ 5RMB/USD when payment is received.
