The appreciation of RMB and imports and exports trade
By nanguofong
@nanguofong (726)
China
December 12, 2007 6:38am CST
Due to the appreciation of RMB, I will say the speed of the RMB appreciation is a little fast, many companys engaged with imports and exports trade face big trouble, the profit is less and less, some companys have closed down in China.Many people engaged with imports and exports face out of work,or already out of work. The internal condition starts to become bad, and people have many whine, the Chinese government endures huge stress.
At the same time, many oversea governments still complain the speed of the RMB appreciation is too slow, I couldn't know what they want, maybe the fast appreciation of RMB is better to their economy, better to the whole world's economy and stabilization.
China is a so big country,no matter population,no matter country area,no matter economy proportion,no matter politics, and so on. I could say no development of China is no development of world, no peace of China is no peace of world.
What do you say?
What's your viewpoint?
How do you see the development of China and the appreciation of RMB ?
1 response
@hongqiang (28)
• China
13 Dec 07
yesterday I joined one meeting ,administration of foreign exchange emcee,the emcee remind why our RMB appreciate fastly,because the export is increaseing persistly,but the import is increasing slowly,the inbalance between export and import is the most important reason.I think that is right,I found you opinion is extreme,though china is a big country,her development will accelerate the development of world,but every country think about own country ,their development will accelerate the development of world alike,so don't blame their doing,what we can do is making the import and export balance,family trade rules, making the passiveness as initiative,found the ways to deal with them,not always taking a beating,hehe,I found you are patriotic,this is harwon,I am patriotic also,but I will envisage the chinese shortage,perhaps this is difference between us,hope we will become friends
@nanguofong (726)
• China
14 Dec 07
There are many factors for the appreciation of RMB. But I think that our government receiving oversea stress is one of the factors for certain.
You're right everyone thinks own country is great, its development accelerates the development of the world. In fact, I think that is factual. But I would say the amount of the Chinese economy have occupyed a important position in the world, of course USA has the greatest position. The proportion is more,and more infection.
I'm sure we will become friend, good friend.
