China Devaluing the Yuan

Discussion in 'Economy' started by Annie, Dec 8, 2008.

  1. Annie
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    Annie Diamond Member

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    This doesn't look good:

    Chinese economy: 1930s beggar-thy-neighbour fears as China devalues - Telegraph


     
  2. editec
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    editec Mr. Forgot-it-All

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    DEvaluing it!?! Holy shit!

    Okay, let's get real here, shall we?

    They're doing this because they're willing to keep their workers poor for the wellbeing of the Government of China.

    We ought to imposed HUGE tariffs on Chinese goods to offset this DEvaluation of their currency.

    I doubt we will, though.

    The Dems have a long history of cozying up to the Chinese, so they're not likely to want to piss them off.

    DEvaluing means still more imports coming in from China and still MORE jobs (read investment from our industrialists) leaving America to take advantage of that devaluation.

    If we don't soon start thinking like nationalists, this nation is going down, folks.
     
  3. waltky
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    waltky Wise ol' monkey Supporting Member

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    Granny an' possum play Monopoly w/ Chinese money...
    [​IMG]
    China Lets Yuan Drop Before Uncertainties of Trump Era
    January 09, 2017 — The Chinese yuan fell against the dollar Monday, following losses Friday. The decline underlines the foreign exchange management challenges for Beijing, which is worried about U.S. President-elect Donald Trump's threat to declare China a currency manipulator. The slide came after the the People's Bank of China (PBOC), the central bank, reset the trading range lower to save the yuan from a market thrashing and a possible currency crisis, analysts said.
     
  4. EdwardBaiamonte
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    EdwardBaiamonte Platinum Member

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    goofy of course!!! the people of China are getting rich. Economy is growing at 7% a year and has for 30 years. The Chinese people are now consuming more movies, cars, and plane trips than Americans. Care to try again?
     
  5. EdwardBaiamonte
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    EdwardBaiamonte Platinum Member

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    actually the tariff is on American consumers' prices to make us poorer. Is that what you want??
     
  6. HereWeGoAgain
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    HereWeGoAgain Diamond Member

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    So you've heard Trumps complaints about China and devaluation?
     
  7. EdwardBaiamonte
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    EdwardBaiamonte Platinum Member

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    yes but are they valid??
     
    • Funny Funny x 1
  8. mythlee
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    mythlee Rookie

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    So I have a question. If another president is elected, the PBOC bank may not do this?
    After the Yuan is dropped, what will happen to US economy?
    [​IMG]


     

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