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How are we all coping?
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<blockquote data-quote="Murdoch" data-source="post: 531287" data-attributes="member: 24445"><p>That's had me perplexed for a few years too. </p><p></p><p>So as it stands China has an advantage against the whole world, and they have huge cash reserves, which, if their currency floated properly would make ALL their exports more expensive, and would allow other countries across the globe to compete.</p><p></p><p>Its a bit like Germany - if they had kept the DM, their reserves would have made their exports much more expensive - so the Germans who keep all their money, don't share it properly with other Euro countries. </p><p></p><p>Most odd to say the least</p></blockquote><p></p>
[QUOTE="Murdoch, post: 531287, member: 24445"] That's had me perplexed for a few years too. So as it stands China has an advantage against the whole world, and they have huge cash reserves, which, if their currency floated properly would make ALL their exports more expensive, and would allow other countries across the globe to compete. Its a bit like Germany - if they had kept the DM, their reserves would have made their exports much more expensive - so the Germans who keep all their money, don't share it properly with other Euro countries. Most odd to say the least [/QUOTE]
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