老毕看中国

一个老美在亚洲多年,他眼中的亚洲世界是什么样子....
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Secretary John Snow Says Bush Will Not Push China or Revaluating

(2006-05-19 11:06:45) 下一个

It was announced that President Bush would not push China on revaluating the yuan.

Here! Here!

It wouldn't do any good anyway. 

American goods will be cheaper to buy IF somebody wants to buy them. But, what does America have that China would want? Boeing 787s? F-18s..(what number are we on, anyway?)...what else?

I remember when everyone thought the Japanese yen was too cheap....and the trade imbalance was seriously tilted in the Japanese favor.

Sure enough, enough people squealed loud and long enough and the yen was revaluated. The end result was that everything in America was cheaper for Japanese to buy and the Japanese products became more expensive.

continue reading....

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