Trade Leader
China has predicted that its trade surplus will grow to 90 - 100 billion dollars. This is a three fold increase from last year when it had a $32 billion surplus.
This growth is happening despite China strengthening the Yuan against the dollar by 2 percent, and letting it trade in a basket of currency. Of course China still does not want to give up control of the Yuan to the market, thus insuring that it will have an advantage in the price of their goods.
The international community should force the PRC to stop pegging the Yuan against the dollar. If China wants to trade in the free market system it should have a currency that is controlled by that same free market.
However, I doubt anyone in the world has the testicular fortitude to stand up to the great economic power, for fear of the economic restrictions China will impose on their companies.
At this rate it is only a matter of time before China becomes the number one trading power in the world. Currently it is number three with 1.4 trillion dollars in total trade.
This growth is happening despite China strengthening the Yuan against the dollar by 2 percent, and letting it trade in a basket of currency. Of course China still does not want to give up control of the Yuan to the market, thus insuring that it will have an advantage in the price of their goods.
The international community should force the PRC to stop pegging the Yuan against the dollar. If China wants to trade in the free market system it should have a currency that is controlled by that same free market.
However, I doubt anyone in the world has the testicular fortitude to stand up to the great economic power, for fear of the economic restrictions China will impose on their companies.
At this rate it is only a matter of time before China becomes the number one trading power in the world. Currently it is number three with 1.4 trillion dollars in total trade.
posted by Aleksandr at 10:59 PM
1 Comments:
Thankyou for blogging about what the rest of the world really should be thinking about.
It is frightening the way the west is bowing to China. It is hypocritical and absolutely disgusting to see.
Keep Blogging mate!!
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