Tensions rise over China currency 5 replies

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Lord Durrell

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17th June 2004

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#1 13 years ago
Blood n Guts

Wolverine Starting 9/6/2006

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22nd March 2005

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#2 13 years ago

[color=black]I'm wouldn't be surprised if China was doing that, but as a communist country, that's one of the prerogatives. I'm surprised that the US would ask them to do something about product pricing, since we've been ignoring that fact by placing them as a tariff free most favored nation for the past 25 years. I guess we expect them to deflate their currency to raise prices globally so we can keep their interest by maintaining their most favored nation status. That or we're worried about them cutting into our international trade. Seems like the article kind of cuts off the guy they're interviewing though. Guess that means I get to buy stuff even cheaper when I go there this summer :)[/color]




MR.X`

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30th April 2004

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#3 13 years ago

They are hardly communist. Since Deng's rule in the 1980s, up through Hu's today, they are looking more and more capitalist.




Blood n Guts

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#4 13 years ago

[color=black]The economy is still heavily regulated. They let the CEO do most of the work, but they still can tell the company what to do (although they don't do that all that often), and just about everything needs their approval before it is implemented. For instance, I'm going there over the summer to work for Ford (cause my dad works for Ford there) to get some eye candy for my college resume, and about the only thing I'm waiting on is Government approval of my application. Keep in mind this is American owned and operated Ford and it still needs gov. approval.[/color]




MR.X`

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#5 13 years ago

I don't think you quite understand what I was saying. They are becoming capitalistic by allowing people to work for, and creat, private companies. Before Deng's rule, you were either a government worker or a communal farmer, or in the military.




Mr. Matt VIP Member

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#6 13 years ago

:agreed It won't be long before China has a proper economy. Whether or not their government changes will be something else entirely. As for China being manipulative... what's their point? If you want to get ahead in the world, you have to be ruthless! It's not like America doesn't know that -- it's how they are the number one economy at the moment, and hats off to them for doing it. Britain had to do it by physically taking over a quarter of the planet. America found an easier way. China looks set to be the next one. Tis the great pendulum of power, swinging from one country to another, always swinging, back and forth, never stopping...