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Reply #1 antimatter's post
What are we to expect if China is labelled "currency manipulator".....|
Start of TRADE WAR?
Like we discuss long time ago - USA imports a lot of "assembly products", up to 97% in some cases!
adding tariffs means, China would have to increase speed of UPGRADING INDUSTRY, and dependent on domestic industries. THE BRIC economies vs. USA economic zone is rather interesting!
Don't forget, the battle now is for the post 2018 cheap assembly region!
Eastern Europe-Turkey-North Africa is reserved for Europe and Russia,
China, Vietnam, Luzon is reserved for China Supercentre, Asia Trade Route and USA
Central America is for Mexico and Brazil.
LOOK AT IT in this way.....the BRIC alliance challenge will be BIGGER now!!!!
Will Brazil, Mexico be able to use the labour force in Central America to their benefit....
Brazil, Mexico has 300 million people and consumes 4 pair of shoes - That's 1.2 billion pairs!
Price it at Real 50 per pair = 300 mil x Real 50 x 4 pairs of shoes = Real 60 billion (or Rmb180 billion)
China needs 1.9 pairs per consumer now (in 2018, China will be using 4.0 pairs per capita), USA needs 7.1 pairs per consumer now!
Price of at Rmb100 per pair = 1.3 billion x Rmb 80 x 4 pairs = Rmb 400 billion!
USA, Europe each consumes around 2.5 billion pairs annually and import the shoes mostly!
We are really running out of CHEAP ASSEMBLY location!
so, whatever it means....
The American Congress needs to be extra cautious!
ha ha ha
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