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Post# of 8054
Posted On: 08/13/2015 11:50:38 PM
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China's consumer driven model is failing so they devalue their currency to make their exports more affordable -thus to go back to the export model/trade imbalance story to drive their engine to build their nation again on trade imbalances at the expense of other nations-which is how they so rapidly built thier nation since 1981 on cheap labor/exports
and now that Mexican labor is cheaper than Chinese labor for last 2 years..
China's consumer driven model is failing so they devalue their currency to make their exports more affordable -thus to go back to the export model/trade imbalance story to drive their engine to build their nation again on trade imbalances at the expense of other nations-which is how they so rapidly built thier nation since 1981 on cheap labor/exports
and now that Mexican labor is cheaper than Chinese labor for last 2 years..
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