Nah. You just save a fraction.adamadam said:Does it mean we can order things cheaper from BHPhotovideo?
tokrot said:Can someone explain to me that this is a good thing anot? I thought Stop pegging will not devalue the RMB since it has been underrated valued for long time? That's funny isn't? The stop pegging thing should give US more advantage but not the 2% increase in RMB value because I remember US said something like RMB is too dirt "cheap" as compared to US dollars which gave US exporters disadvantage... Can someone explain? :dunno:
U need a economic grad to explain this...tokrot said:Can someone explain to me that this is a good thing anot? I thought Stop pegging will not devalue the RMB since it has been underrated valued for long time? That's funny isn't? The stop pegging thing should give US more advantage but not the 2% increase in RMB value because I remember US said something like RMB is too dirt "cheap" as compared to US dollars which gave US exporters disadvantage... Can someone explain? :dunno:
Zplus said:When RMB increase in value, china exports are more expensive. When price goes up, less people will buy (just look at B&S section for micro economics happenin).
Why US wants to unpeg RMB?
Coz china has been exporting its cheap stuff into US and hurting its local manufacturers. If RMB goes up, the china imports seem more expensive.
;p
I think its not gonna affect much though.... coz china's manufacturing cost is so much cheaper....
Sjourn said:Yes it will affect, I'm here. US wants to protect thier economy, they are afraid of China powerhouse effect.
Imports in China will be cheaper, export from China will be more expensive. Every manufacturer is selling USD and paying RMB for materials. so there's a pinch already, manufacturers have not even recovered from raw material price hike from last year, and now they are hit by this. all thanks to the US...create a war to control oil and use politics to corner China:thumbsd: