Iamanidiot
Senior Member
- Joined
- Dec 21, 2009
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Kickok I find Chinese to be more straightforward than Indians.With Regards to my country I always find a discrepancy between words and actions atleast in business thats my opinion.India people are as thrifty as Chinese. They started poor but end rich. There are numerous success story happening in US every day.
Now I thought Chinese are buying US bonds to keep the value of the Yuan low.In case of dumping US bonds Yuan gets appreciated and that will effect Chinese exports I thought.One Mainland Chinese enterpreneur is telling me their profit margins are already razor thin 2-3% (because of domestic competetion)with regards to exports and any appreciation in the Yuan and RMB will play havoc to Chinas economy and also in the streets
PS:Note to Chinese posters the US is using economics to play havoc with you..don't underestimate the US
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