SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : CMGI What is the latest news on this stock? -- Ignore unavailable to you. Want to Upgrade?

To: Seacat III who wrote (1444)8/12/1998 9:31:00 AM
From: TokyoMex  Read Replies (1) | Respond to of 19700
 
When rest of the Asia can provide better quality goods,, lot cheaper,, China loses the competitive edge,,

As of now,, Chinese central banks has been subsidising their steel and other heavy inductries,with borrowed money which does not exist,,,
By devaluing,, they hope to bring the buyers back..

In which event further erosion on other Asian currencies,, and the world market will go into sell off..



To: Seacat III who wrote (1444)8/12/1998 11:49:00 AM
From: Diabolique  Read Replies (1) | Respond to of 19700
 
OT

Seacat:

Devaluation makes China competitive. When nearly every nation in the region has devalued their currency, China's export goods and services becomes expensive in comparison. The pressure is on for them to devalue to keep from losing ground in the export market.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News