Revaluing the yuan helps no one
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For every one manufacturing worker hired in Singapore, a company can hire 3 in Malaysia, 8 in Thailand, 13 in China or 18 in India, tell me, how much should yuan be revalued to make labour costs equal????
how much do you think yuan is devalued? answer this question and you will not need to further show your ignorance and stupidity. -
Why would the world want to compete with China? The world is now thinking of how they are going to take advantage of China booming economy not competing for job.
Why? Everybody want jobs, need jobs.
How do you have jobs unless you are competitive?
A large part of it is due to the Yuan. Otherwise they would not have kept it undervalued.
FYI, china booming economy is not just because of YUAN. Let me ask you how many country is this world is actively lobbying against China's Yuan? beside USA, there is Salman..
Aha! I just exposed you pants down putting words where they were not.
You have limited knowledge abuot what keep the world spinning so, please just stick to Singapore and answer the simple questions that everybody is asking you...
Aha! so you do agree that the Yuan is devalued.
Do you know how many people are holding YUAN right now? Just like you, they are hoping that Yuan will appreciate by 20% or more. Once that happen, everybody will sell and Yuan will collapse. Do you know why Dr M peg the riggit against the dollar? For fun? devaluing the riggit so that they can compete with Singapore?
BTW, how do you sell Yuan when it isn't floated?
Do you know the difference between undervaluation and float? Do you know you can revalue or appreciate w/o a float?
Do you understand monetary policies in economics?
The reserve won't get hurt cos its in USD.
You mentioned that chinese gov is holding US bonds. ask yourself, what will happen to China's reserve if Yuan appreciate by 20%? Please go do some reading before shouting and screaming abuot YUAN.
I think you dunno what you are talking about.
What indeed will happen if you appreciate the Yuan is increased domestic consumption and imports and this will boost Chinese economy and regional economy.
So why do you think they are privatising banks? Pls explain.
So simply huh? I thought you are going to say china government need money to give ang pao during chinese new year.
I excelled in economics and finance in school. Thats why I'm running circles around you people and having a lot of fun doing it a little at a time.
When you finish your economic and finance 101, please come back here and read your own post.
Don't you already realise what is happening? -
Do you understand the concept of total cost?Originally posted by sgdiehard:For every one manufacturing worker hired in Singapore, a company can hire 3 in Malaysia, 8 in Thailand, 13 in China or 18 in India, tell me, how much should yuan be revalued to make labour costs equal????
how much do you think yuan is devalued? answer this question and you will not need to further show your ignorance and stupidity.
Why not all manufacturing in Thailand, Msia and Singapore and USA shift to China according to your primitive costing you dummy? -
now you are talking about total costs, not just labour costs. so what other costs in china are kept low by the "devalued" yuan??Originally posted by Salman:Do you understand the concept of total cost?
Why not all manufacturing in Thailand, Msia and Singapore and USA shift to China according to your primitive costing you dummy?
looks like you are still at pre primary stage, need to be taught little by little. -
Aha! now you are getting the idea! Its not just the labour cost although it is a component.
And does a undervalued yuan lower total cost because labour cost is part of it?
are you gonna avoid this question? -
yar right...cant even answer simple questions you call that excel. try harder next time dude and wish you all the best in finding yourself a chinese job.Originally posted by Salman:I excelled in economics and finance in school. Thats why I'm running circles around you people and having a lot of fun doing it a little at a time.
Don't you already realise what is happening? -
Cannot debate economics get out lah. Write so much for what?
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salman, it will lower you cost if the product is extremely labour intensive, e.g. farming, textile, food processing etc. For other industry, the effect is negligible.Originally posted by Salman:Aha! now you are getting the idea! Its not just the labour cost although it is a component.
And does a undervalued yuan lower total cost because labour cost is part of it?
are you gonna avoid this question? -
how do you expect people to have a debate with you when you are constantly avoiding questions.Originally posted by Salman:Cannot debate economics get out lah. Write so much for what?
talking is easy, backing it up with facts is the tough part. that is something I think you should learn before trying to be so cocky about yourself. -
I did answer a lot of questions, you people don't.
The real problem is, you don't even know what you are talking about. And when I asked clarifying or counter questions, you either avoid it, create strawmen or beat about the bush.
Back to the basic question I asked. Why are you people biased towards China? Why don't you just admit you are bias? That way you don't need to make a fool of yourself anymore. -
proof to us that when you devalue the yuan your total cost will be reduce.Originally posted by Salman:Aha! now you are getting the idea! Its not just the labour cost although it is a component.
And does a undervalued yuan lower total cost because labour cost is part of it?
are you gonna avoid this question? -
Ok, you have been whinning about undervalue Yuan, so what is the fair value of Yuan?Originally posted by Salman:I did answer a lot of questions, you people don't.
The real problem is, you don't even know what you are talking about. And when I asked clarifying or counter questions, you either avoid it, create strawmen or beat about the bush.
Back to the basic question I asked. Why are you people biased towards China? Why don't you just admit you are bias? That way you don't need to make a fool of yourself anymore.
You mention that if Yuan is appreciated job will come back to this region.
On what basis? Are you making the assumption if yuan appreciate, all other asian currency will remain status quo? is this possible?
You mentioned that if yuan is undervalue, the TOTAL cost of product will reduced. Please explain why and how? -
under value yuan will not lower production cost huh?
Good for you, nothing more to talk. -
want me to proof you wrong?Originally posted by Salman:under value yuan will not lower production cost huh?
Good for you, nothing more to talk. -
no need anymore, you win with your bigotry.
I give up. -
I was really hoping that you will challenge me. But too bad, you have chicken out...didnt know that you are such a sissy...Originally posted by Salman:no need anymore, you win with your bigotry.
I give up.
did you said that you "EXCELLED" in Econs and finance in "SCHOOL"? -
No need to challenge, you won with bigotry.
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just admit u r wrong lahOriginally posted by Salman:No need to challenge, you won with bigotry.
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well done gazelle. that's how our sissy always extricates herself, same, old looser excuse ...Originally posted by Gazelle:I was really hoping that you will challenge me. But too bad, you have chicken out...didnt know that you are such a sissy...
did you said that you "EXCELLED" in Econs and finance in "SCHOOL"? -
did I say i am wrong? where?Originally posted by SnowFlag:just admit u r wrong lah -
you want me to proof you wrong?Originally posted by Salman:did I say i am wrong? where? -
X 2.Originally posted by snow leopard:well done gazelle. that's how our sissy always extricates herself, same, old looser excuse ...
Merry Christmas. -
You wanna porve me wrong?Originally posted by Gazelle:you want me to proof you wrong?
I already proved you wrong many times over.
cheers -
my friend, this fella is untouchably shameless ... no matter how many times you have proven him wrong, he would continue to think he is right still ... even claims to have proven u wrong! the only thing he has proven so far, is that he is the slimmiest, most shameless, idiot who talks big about things even when he doesn't have the slightest clue of what he is talking about.Originally posted by Gazelle:you want me to proof you wrong? -
merry x'mas to you too sgdiehard : )Originally posted by sgdiehard:X 2.
Merry Christmas.