$400 Billion Surplus?
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http://www.businessweek.com/globalbi...517_030614.htm
QUOTE
China's Trade Surplus Gets Dangerous
Standard Chartered economist Stephen Green sees Beijing making economic history this year with an estimated $400 billion account surplus
by Stephen Green
Think you've already seen the biggest surpluses out of China? Are you sitting down? We believe China's current account surplus will balloon to $400 billion this year, or 12.8% of gross domestic product, up from $256 billion in 2006. This is a massive number, the biggest surplus—in dollar terms—the world has ever seen. Our forecast is also significantly bigger than that of the World Bank (8.3% of GDP), the International Monetary Fund (10% of GDP), and as far as we can tell, the rest of the street, too. -
not goin to be a problem....when it reaches the threshold point....china will have to let their currency appreciate and the amount will go down.
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ok so?
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Yeh. Its not our surplus. So?Originally posted by allentyb:ok so?
So does this mean its time for us to go China shopping before they appreciate their currency? lol -
nah, those PRC will not allow the yuan to appreciate, it is tightly control,Originally posted by Eiizumi:Yeh. Its not our surplus. So?
So does this mean its time for us to go China shopping before they appreciate their currency? lol
i rather shop in malaysia
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What if they decide to use the all that money to take over the world? If they take over Singapore, I don't think it will make much difference in our lives... except maybe we will have more freedom and happiness...
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you can't 'take over a country' as much as the uninformed try to tell you..
if they could they'd have taken over a few african countries for their mineral wealth...Originally posted by AndrewPKYap:What if they decide to use the all that money to take over the world? If they take over Singapore, I don't think it will make much difference in our lives... except maybe we will have more freedom and happiness... -
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if they really appreciate their currency, the entire world prices will rise even more, then u will be complaining more than just 7% GST increase.Originally posted by Eiizumi:Yeh. Its not our surplus. So?
So does this mean its time for us to go China shopping before they appreciate their currency? lol
ur made-in-china toys will be worth even more.. -
wow, I see you went through a lot of trouble to get your message out LOLOriginally posted by pinkmilk: -
The point is, even if they did, it'd still be a challenge. What good would it do if the USD depreciated against the Chinese yuan (and the US have already got a large enough trade deficit with China as things stand) at the expense of curtailing its trade with other major trading partners in the developing world?Originally posted by curryman:not goin to be a problem....when it reaches the threshold point....china will have to let their currency appreciate and the amount will go down.