One of the reasons that most companies sell their products outside is RMB is undervalued. If RMB goes up, they will want to earn RMB than dollars. Those 1/4 production will not be gone overnight. They will only become less profitable and layoff some people for the short term. They will have to gradually transform themselves into making product to sell to Chinese people instead. Yes, this will cool off the economy, just like Japan a few years ago, but the impact to the average Joe in China is not as great as you expect. Otherwise being an open country, Japanese people would have flushed to other countries after the exchange rate increase. In reality that didn't happen. Being a lot denser than China and with few natural resources, Japan is 100 times more reliant on selling their products to foreign countries than China, in order to simply feed their people. Look at your surroundings, your relatives, one in four people is doing exports, and to the US? I don't think so. Keep in mind that China also exports to other Asian countries, Africa and Europe. Even people in business solely dealing with US have gradually realized that foreigners are not that rich any more and it is becoming more difficult to earn money from them than earning money from the Chinese, and they are starting to think about moving to do something else.
How would the people pay for the products given that they are paid like iota?
is Those people instead. Yes, this will cool off the economy, just like Japan a few years ago, but the impact to the average Joe in China is not as great as you expect. Otherwise being an open country, Japanese people would have flushed to other countries after the exchange rate increase. In reality that didn't happen. Being a lot denser than China and with few natural resources, Japan is 100 times more reliant on selling their prod: ucts to foreign countries than China, in order to simply feed their people. exports to other Asian countries, Africa and Europe. Even people in business solely dealing with US have gradually realized that foreigners are not that rich any more and it is becoming more difficult to earn money from them than earning money from the Chinese, and they are starting to think about moving to do something else.
【在 P**********c 的大作中提到】 : One of the reasons that most companies sell their products outside is RMB is : undervalued. If RMB goes up, they will want to earn RMB than dollars. Those : 1/4 production will not be gone overnight. They will only become less : profitable and layoff some people for the short term. They will have to : gradually transform themselves into making product to sell to Chinese people instead. Yes, this will cool off the economy, just like Japan a few years ago, but the impact to the average Joe in China is not as great as you expect. Otherwise being an open country, Japanese people would have flushed to other countries after the exchange rate increase. In reality that didn't happen. Being a lot denser than China and with few natural resources, Japan is 100 times more reliant on selling their products to foreign countries than China, in order to simply feed their people. : Look at your surroundings, your relatives, one in four people is doing : exports, and to the US? I don't think so. Keep in mind that China also exports to other Asian countries, Africa and Europe. Even people in business solely dealing with US have gradually realized that foreigners are not that rich any more and it is becoming more difficult to earn money from them than earning money from the Chinese, and they are starting to think about moving to do something else.
P*c
51 楼
Exactly. No matter what, those who are impacted most are the people who earn money in US, and want to spend some of it in China (either for their parents, or for themselves if they eventually want to go back). For other people it is only indirect impact. Those who quickly jump into the bandwagon of the negative impact to China economy are just too sensitive. Even if Japan's economy went to a slow and sometimes negative growth, they still held up their currency value, so the impact is still there. It makes no sense for Japanese people to work in US and spend the money in Japan. For China it will be the same in a few years. I am not saying people should all go back to China now. You just have to work out your priorities. Dreaming about a total collapse of the China economy and the RMB is as unrealistic as dreaming about a collapse of USD and it doesn't help anyone. Think about it. If China collapses, US will instantly lose 1.3 billion customers in their already struggling export business. Does US want that? Neither one will collapse, but USD will gradually become less valuable from the whole world's perspective, and RMB will find its value to balance out import and export, jobs and salary.
They are not. The salary has been steadily increasing and with RMB re- evalued, their buying power will go up. Currently their buying power is going down because RMB exchange rate increase simply can't keep up with the inflation. However, with RMB going up and steady, inflation will go down and some people will be laid off, but those who survived will get better pay. You always have to tradeoff between job opportunities and the average worker 's salary. US faces the similar problem. US is now in lack of jobs (jobless rate 10%+), but those who have jobs have high buying power. China is not in lack of jobs. I have known nobody in China who can't find a job if they want one, but their buying power is lower. The difference will become smaller with an RMB re-evaluation.
iota? you that
【在 k****a 的大作中提到】 : How would the people pay for the products given that they are paid like iota? : : is : Those : people instead. Yes, this will cool off the economy, just like Japan a few : years ago, but the impact to the average Joe in China is not as great as you : expect. Otherwise being an open country, Japanese people would have : flushed to other countries after the exchange rate increase. In reality that : didn't happen. Being a lot denser than China and with few natural : resources, Japan is 100 times more reliant on selling their prod: ucts to
k*a
53 楼
是啊,扫大街也是jobs,可惜大学生门不愿干,所以50%的毕业就失业。
China is not in lack of jobs. I have known nobody in China who can't find a job if they want one
【在 P**********c 的大作中提到】 : They are not. The salary has been steadily increasing and with RMB re- : evalued, their buying power will go up. Currently their buying power is : going down because RMB exchange rate increase simply can't keep up with the : inflation. However, with RMB going up and steady, inflation will go down and : some people will be laid off, but those who survived will get better pay. : You always have to tradeoff between job opportunities and the average worker : 's salary. US faces the similar problem. US is now in lack of jobs (jobless : rate 10%+), but those who have jobs have high buying power. China is not in : lack of jobs. I have known nobody in China who can't find a job if they want : one, but their buying power is lower. The difference will become smaller
d*n
54 楼
When you use Japan as your example, you miss several key points here: 1) How is life quality in Japan now comparing to it was in late 90's ? Answer: A lot worse, you can even call it miserable, many people no jobs, low pay. 2)Japan yuan is held up at high value(80:1) FORCED by US. It is NOT Japanese want their Yuan to be at high value. Japanese companies are crying now. 3) Compare to Japan, China is not as competitive. If RMB value is too high China basically have nothing to export.
earn money in US, and want to spend some of it in China (either for their bandwagon of the negative impact to China economy are just too sensitive. Even if Japan's economy went to a slow and sometimes negative growth, they still held up their currency value, so the impact is still there. It makes no sense for Japanese people to work in US and spend the money in Japan. For China it will be the same in a few years. economy and the RMB is as unrealistic as dreaming about a collapse of USD and it doesn't help anyone. Think about it. If China collapses, US will instantly lose 1.3 billion customers in their already struggling export business. Does US want that? Neither one will collapse, but USD will gradually become less valuable from the whole world's perspective, and RMB will find its value to balance out import and export, jobs and sa: lary.
【在 P**********c 的大作中提到】 : Exactly. No matter what, those who are impacted most are the people who earn money in US, and want to spend some of it in China (either for their : parents, or for themselves if they eventually want to go back). For other : people it is only indirect impact. Those who quickly jump into the bandwagon of the negative impact to China economy are just too sensitive. Even if Japan's economy went to a slow and sometimes negative growth, they still held up their currency value, so the impact is still there. It makes no sense for Japanese people to work in US and spend the money in Japan. For China it will be the same in a few years. : I am not saying people should all go back to China now. You just have to : work out your priorities. Dreaming about a total collapse of the China economy and the RMB is as unrealistic as dreaming about a collapse of USD and it doesn't help anyone. Think about it. If China collapses, US will instantly lose 1.3 billion customers in their already struggling export business. Does US want that? Neither one will collapse, but USD will gradually become less valuable from the whole world's perspective, and RMB will find its value to balance out import and export, jobs and salary.
P*c
55 楼
So even if Japan's Yen is held up by the US, which I don't buy at all, US will do the same thing to RMB and those who earn US dollars and want to spend in China will still be impacted the most. In so many years, US still hasn't cashed in its conspiracy against Japan, it is likely that you will not be able to see US cash in its conspiracy against China in your life time. If people in Japan are miserable, why don't they come to US? It is much easier for them to come to US than mainland Chinese and Indians, even Korean and Taiwanese. But people from those countries still come to US like crazy (although fewer of the latter two stay) and Japanese just don't.
Answer: A lot Japanese want
【在 d****n 的大作中提到】 : When you use Japan as your example, you miss several key points here: : 1) How is life quality in Japan now comparing to it was in late 90's ? Answer: A lot : worse, you can even call it miserable, many people no jobs, low pay. : 2)Japan yuan is held up at high value(80:1) FORCED by US. It is NOT Japanese want : their Yuan to be at high value. Japanese companies are crying now. : 3) Compare to Japan, China is not as competitive. If RMB value is too high : China basically have nothing to export. : : earn money in US, and want to spend some of it in China (either for their : bandwagon of the negative impact to China economy are just too sensitive.
d*n
56 楼
seems you know very little about the world. Maybe you did not pay attention to it. It is too late for you to make up your knowledge nor I can spend my precious time to teach you. But just make it simple here. Japan Yen is held up by world community, including china, south korea etc. China protested couple years ago when Japan tried to de-value their Yen quietly. US have been cashed on Japan for a long time since end of 90's.Too many examples I don't have time to list. Many Japanes students want to stay and work in US but they find no way they can do it. They usually go back because they don't want to stay illegally and work illegally. At least several Japanese students told me that and ask me how they can work in US. Same are some Chinese students nowadays, they HAVE TO go back China because they are not good enough to stay if they don't want to violate the US law.
time. Korean and Taiwanese. But people from those countries still come to US like crazy (although fewer of the latter two stay) and Japanese just don't.
【在 P**********c 的大作中提到】 : So even if Japan's Yen is held up by the US, which I don't buy at all, US : will do the same thing to RMB and those who earn US dollars and want to : spend in China will still be impacted the most. In so many years, US still : hasn't cashed in its conspiracy against Japan, it is likely that you will : not be able to see US cash in its conspiracy against China in your life time. : If people in Japan are miserable, why don't they come to US? It is much : easier for them to come to US than mainland Chinese and Indians, even Korean and Taiwanese. But people from those countries still come to US like crazy (although fewer of the latter two stay) and Japanese just don't. : : Answer: A lot : Japanese want
r*g
57 楼
放心好了, 美国有世界上最强大的海军, 可以对抗全世界。
P*c
58 楼
Many Japanese students want to stay in US and they don't know how to do it, but somehow so many Chinese, Indians who have to wait 7~8 years to get green card managed to do it. Hehe, you are daydreaming and you have no credibility in whatever you said. So what's the impact of US cashing in on JPY? JPY is still steady and in a rising trend and those who hold US dollars wanting to spend in Japan still see their buying power diminish. You say a lot of nonsense but you never concentrate on what matters for the person in the end.
attention they
【在 d****n 的大作中提到】 : seems you know very little about the world. Maybe you did not pay attention : to it. It is too late for you to make up your knowledge nor I can spend my : precious time to teach you. : But just make it simple here. : Japan Yen is held up by world community, including china, south korea etc. : China protested couple years ago when Japan tried to de-value their Yen : quietly. : US have been cashed on Japan for a long time since end of 90's.Too many : examples I don't have time to list. : Many Japanes students want to stay and work in US but they find no way they
k*a
59 楼
They're not CAPABLE to do it, not they don't know how to do it, you idiot!
, green
【在 P**********c 的大作中提到】 : Many Japanese students want to stay in US and they don't know how to do it, but somehow so many Chinese, Indians who have to wait 7~8 years to get green card managed to do it. Hehe, you are daydreaming and you have no credibility in whatever you said. : So what's the impact of US cashing in on JPY? JPY is still steady and in a rising trend and those who hold US dollars wanting to spend in Japan still see their buying power diminish. You say a lot of nonsense but you never concentrate on what matters for the person in the end. : : attention : they
P*c
60 楼
Don't know how sometimes equal "Not Able". Educate yourself more on English.
【在 k****a 的大作中提到】 : They're not CAPABLE to do it, not they don't know how to do it, you idiot! : : , : green
d*n
61 楼
Japanese students had a good life before, they are not as good at eating " bitter" as Chinese and Indian. Only idiot wants to spend USD in Japan.
, but somehow so many Chinese, Indians who have to wait 7~8 years to get green card managed to do it. Hehe, you are daydreaming and you have no credibility in whatever you said. rising trend and those who hold US dollars wanting to spend in Japan still see their buying power diminish. You say a lot of nonsense but you never concentrate on what matters for the person in the end.
【在 P**********c 的大作中提到】 : Many Japanese students want to stay in US and they don't know how to do it, but somehow so many Chinese, Indians who have to wait 7~8 years to get green card managed to do it. Hehe, you are daydreaming and you have no credibility in whatever you said. : So what's the impact of US cashing in on JPY? JPY is still steady and in a rising trend and those who hold US dollars wanting to spend in Japan still see their buying power diminish. You say a lot of nonsense but you never concentrate on what matters for the person in the end. : : attention : they
k*a
62 楼
be able to, be capable of. You're such a winner.
English.
【在 P**********c 的大作中提到】 : Don't know how sometimes equal "Not Able". Educate yourself more on English.