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Pegging The Aus Dollar To The Yuan (Read 4161 times)

longweekend58

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Re: Pegging The Aus Dollar To The Yuan
Reply #15 - Oct 18^th, 2010 at 7:06pm

____ wrote on Oct 18^th, 2010 at 6:41pm:

If a floating currency is an important attribute, then why is the chinese economy booming?

Pegging The Aus Dollar to the Yuan would assist Australian manufacturing, Australian Businesses, Australian exports and Australian Jobs ; yes or no.

'booming' is a RELATIVE term. after millenia of industrial stagnation their economy is rushing forward and has almost reached the stage where the west was 100 years ago. by deciding to join the 20th century their economy has a long way to go and 'booming' was about the most natural and obvious experience. their currency is actually a RESTRAINING factor in their growth and they would be doing better by floating it.

AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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____ Gold Member Offline Australian Politics Posts: 33410 Australia Gender:	Re: Pegging The Aus Dollar To The Yuan Reply #16 - Oct 18^th, 2010 at 7:33pm That would make their exports more expensive, so decreasing demand for them. How is that good for the chinese economy?
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aussiefree2ride

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Re: Pegging The Aus Dollar To The Yuan
Reply #17 - Oct 18^th, 2010 at 8:10pm

____ wrote on Oct 18^th, 2010 at 6:41pm:

China`s "boom" has been a work in progress for around 40 yrs. Essentially, China has the key, human resource.

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