tag:blogger.com,1999:blog-3587064.post834299651544083008..comments2023-06-19T13:39:00.651+02:00Comments on BONOBO LAND: The Second Great Depression Wends Its Way Forward in DecemberUnknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-3587064.post-59040978907632419832009-01-06T15:51:00.000+01:002009-01-06T15:51:00.000+01:00Floating Yuan is not good to China, because curren...Floating Yuan is not good to China, because current shrinking export is due to weak consumption in developed countries. As economy takes a contraction outlook, potential consumers are hoarding their money. They do have money but they don't want to buy. So, depreciaton of yuan will not stimulus the export and on the contrary will wake up the feeling of protectionist in the west,which may pull the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3587064.post-54725882998689593472009-01-06T09:31:00.000+01:002009-01-06T09:31:00.000+01:00Hello,"and now that you suggest they will actually...Hello,<BR/><BR/>"and now that you suggest they will actually do that, you jump on them for doing so."<BR/><BR/>Just to clarify a bit. I am not criticising the Chinese for anything in this post, I don't think. I am just saying what I think might happen if they do float. If they had floated earlier then the yuan would undoubtedly have risen, and this may well have absorbed some of the large Edward Hughhttps://www.blogger.com/profile/10384039867580949531noreply@blogger.comtag:blogger.com,1999:blog-3587064.post-52826747156354058832009-01-06T00:59:00.000+01:002009-01-06T00:59:00.000+01:00In the Asian financial crisis of 1997, China did n...In the Asian financial crisis of 1997, China did not let the RMB depreciate which helped regional ecomomies in the recovery process. For the last few years, many have been pushing China to let the "market decide" the value of the RMB and now that you suggest they will actually do that, you jump on them for doing so. If the RMB floats and, as a result, depreciates in value is that not the "market"Anonymousnoreply@blogger.com