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Reply #83: Yes, But what's your point? [View All]

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Up2Late Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-27-05 11:30 AM
Response to Reply #78
83. Yes, But what's your point?
As you point out, "...This also means Chinese goods sold in Europe have become cheaper there as well..."

This it probably THEE pressure that is TRULY to blame, for the Chinese wanting to "un-peg" the Yuan from the U.S. Dollar, not * pressure and rhetoric.

Because "Chinese goods sold in Europe have become cheaper," that also means that the Chinese are making less and less money on what they sell in Europe, while at the same time, their raw materials and Fuel (Oil, Gas, and Natural Gas) keep rising (because they are priced and traded in U.S. Dollars.) which equals --- Lower Profits. Something even * could understand.:smoke:
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