U.S. hegemony and Chinese subjugation paradigm is shifting and innate human naturally reaction to " change and adjustment " leads to fear and paranoia. Why China? The nail that sticks out gets hammered-especially if that nail is yellow...
I've seen other sources in the US say the same thing as this article. It's very risky to make abrupt changes in the word economy because the nations are now so interdependent. Because there are so many variables it's difficult to say for sure what will happen. If China abruptly made a major adjustment to their exchange rate with the US it might cause economic turmoil in the world and inflation in the US. Since the economy now is improving it's better not to throw-a-wrench-in-the-works (do something that will make things worse). Any adjustments made should be slow over a long period of time.
it is called global capitalism based on a consumer base economy, make stuff to , some one makes it cheaper you lose your job, you have no money to buy stuff, some one has to lose their job, some one wants a big wage therefor you cannot have it, food, home ,clothes, essentials. TV. Video. i pod car. non essentials but some just want more and more non essentials. so others must remain poor over worked underpaid or unemployed, tough ---- if your country is too expensive, or you could just change you life style. but how many western people could give up the way they live now. cut every thing in us by half wages and bills rates and taxes, but then some rich few would lose too much, so you are buggered then aren't you. cos the rich are in power
why blame the man next door if your price is too high and no one wants your work. US as a country got greedy, china may get that way, but Africa or India might get their act together the we will still be in the ----,
Ah, but your weapons factories are humming away like there is no tomorrow. Best place to look for a job in the USA.
Lol - i wouldn't doubt if much of that isn't made in china as well. Never in my lfe have I ever met anyone working in a weapons factory nor even knew where any are. I live in what they call the 'rust belt'. We were big on manufacturing you wouldn't believe the sights of boarded up buildings. It's really depressing to be honest.