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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: SeaViewer who wrote (16217)11/18/2004 1:39:42 PM
From: RealMuLan  Read Replies (1) of 116555
 
>>I still think Chinese government would keep RMB at current exchange rate, and let the exporters raise the price. <<

Yeah, some scholars are calling China should push to increase the wage, thus the labor cost and product cost, instead of just appreciate RMB.

>>China is expanding its direct trading with middle east, Africa, S America, Russia, etc. They know exporting to US will slow down.<<

The trade bet. China and the US was down about 0.5% in 2003, although not much, but may set up a trend. And made-in-China products are more welcomed in developing countries than in developed countries (maybe because we are the poor people<g>), so why not shift the focus, so that China will be harassed less. OTOH, increasing wages for the migrant workers in China will increase domestic consumption as well.
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