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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: The Wharf who wrote (21784)10/29/2004 5:54:04 AM
From: GUSTAVE JAEGER  Read Replies (1) of 81101
 
Re: I have tried to simplify something that is very complex as the peg is to export but the problem is the internal inflation it can cause.

One easy way for corporate China to stave off inflation would be to take over and acquire foreign companies in high-wage countries (the US, Europe, Japan) thereby shifting jobs and workload out of its domestic (job) market and into foreign ones --a reverse outsourcing of sorts...

Of course, such a foreign-acquisition policy would be greatly advantaged by a revaluation of the yuan: the dearer the yuan the higher its purchasing power abroad... Now the $60,000 question: are you yanks ready to work for Chinese subsidiaries whose top execs are appointed by the Chinese Communist Party back in Bejing? Remember how depressed and traumatized you were, back in the 1980s, when Japanese corporations were shopping in America and bailing out your corporate and real-estate icons.... Who knows, maybe one day, Boeing will be rechristened "Bo Huing" as the 100%-owned subsidiary of the Chinese Space and Aeronautics Agency? Just think of it: all employees would be offered a company SUB(*) and a Feng-Shui-enhanced cubicle! (**)

(*) Sport&Utility Bicycle
(**) tntn.essortment.com
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