Replying to [Aussie]:
Yep, US proposed tariff bill 'destructive' to trade between China, but it couldn't stop China to become an economic superpower. I hate US congress forces China to re-evalue RMB, and I don't think it would help US's huge deficits problem.

Let us all sell US dollars. US is on the downhill...

Gonna have to answer here.
Will the Yuan be revalued? Yes, unless something really really weird happens.

Responding to Sophie. Um Sophie? To be a world power you have to have a world currency....... Controlling the exchange rate is implicitly unfair to every other country in the world. I am NOT going to get into the politics of this but suffice to say that an unfair advantage is an unfair advanateg no mater who calls you on it.

Replying to [Foow]:

Foow, don't take it personal. The international trade between China and the US is voluntary, naturally, and mutual beneficial. The US traders are wise and we have no grounds for suspicion. Otherwise, they will not do business with China if they can not make profits. China is doing reasonable, fair businesses at just market prices with US, Europe, and African countries... We didn't artificially low value of the RMB making Chinese goods much less expensive than your US rivals.

For those who are talking about imposing 27.5 percent "punitive" tariff on China's goods, it will be destructive to the current bilateral trade to both countries' enterprises.

China is undoubtedly going to be the biggest power of this century. I admit our country's monetary policy would be more transparent and predicable, or more in consensus with the public and the industries. But we don't need those US legislators putting pressures on our government. Why don't you lot of whiners just accept that the Chinese have beaten the odds, pulled ourselves up by ours boot straps and are now soaring high. You should learn and emulate, not demonize and castigate. Take those ingrained chips on the shoulder off and being humble long enough to learn from the Chinese.

As Aussie said, shun the U.S. dollar and take a good look into China!!

Replying to [cbeebies]:
oh dear.....
1> I am not whining, I was pointing out a simple fact. The Chinese government DOES control the exchange rate of the yuan. period.
2> I think China has done a great job of "beating the odds/Puling itself up by the bootstraps and is soaring high.
3> Most of my trade is done with China and I have made a point of trying to learn as much as is possible about how to work with my suppliers.
4> I am not a US citizen.
5> The US (and any other country in the world) has the right to impose any legislation it wants to.... No-one said politicians had to do SMART things... That's why they are politicians.

 

G'day Cheebsie, how's it going. You know, Foow is true-blue Aus so he must be a good guy.  

On politics ... You can lead a horse to water but you can't make it drink. And, you can lead a politician into parliament but you can't make him think.

On money ... smart business people in both China and the West don't give two hoots about political power struggles between China and USA or who wins.  

They watch the game from the sideline and then move to make profit like buying some Yuan today. Heck, tomorrow the game might change to grabbing some USD.  Who cares which side is winning as long as we make a buck to feed our families.

That's my thoughts anyway.

How is buying Yuan today connected with buying goods from China? Easy, switch the Yuan to USD later and the Chinese stuf will be effectively cheaper when the Yuan revalues upward.     

Exchange rate between USD against RMB is down.so we should back up a new reliable and globle currency. Now for China, what we can consider the international cunnrecy is EUO. this is very future currency in the following days. I think EUO will subsituate USD soon.
we should face this case

Replying to [Aussie]:(you can lead a politician into parliament but you can't make him think.)

Aussie m8 thats a good one.

Replying to [cbeebies]:I agree with you !

 

Hi Kivi, yep, same the world over.   

Although, some of those top Chinese brass worry me ... seems those buggers can sometimes actually think.