leiztorc Post time: 2016-2-3 20:25
......and again US, the grand old dame of democracy failed to name JAPAN as the utmost currency mani ...
Even more surprising is the WALL OF SILENCE of the PBOC and the Chinese leadership about the currency attack of Japan on China, devaluing the Yen by some 60% against the Chinese Yuan in 2 years.
As in Watergate, you only have to follow the money, to know the source of China's perestroika that has emptied its coffers of more than a trillion dollars of forex reserves and forfeited exports earnings combined.
Why is China so "nice" to Japan? Is there blackmail, greenmail or some other inducement? And China's leaders accept the blame if they let the Yuan devalue, saying if they did, they would be the one's causing "competitive currency devaluation". Why accept the blame for devaluing the Yuan, if Japan has already devalued the Yen by 60% relative to the Yuan? Is defense inappropriate? Or, is it not actually mandatory? And if mandatory, isn't failure to defend a failure to lead?
China leaders should and can punish Japan for their uncooperative and disgusting behavior in south china sea. First China can ban or reduce UNIQLO shops in China by half, and let start a trade war to see who will win.
JAPAN'S ECONOMY IS SINKING BECAUSE THE YUAN IS BECOMING LESS OVERVALUED AT 6.53, BUT FOR CHINA TO RECOVER, THE EXCHANGE RATE OF YUAN TO DOLLAR SHOULD BE 7.00 AT THE LEAST, IN THE PRESENT CONDITION OF THE GLOBAL ECONOMY, AND POSSIBLY 7.50 OR 8.00 IF THE SPECULATION AGAINST THE YUAN PERSISTS AFTER AN INITIAL DEVALUATION.
China leaders are afraid of losing jobs if their chinese companies reduce export to huge american market. Anywhere the current 2016 economy slowdown will see million more jobs being lost. China can take all those workers who lost jobs in steel and coal factories, and move 1 million chinese workers to Karakoram Highway project and get the road properly done safely and completed as soon as possible.