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Coming Chinese crash?
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PeteMN
Posted 9/2/2010 16:11 (#1343687 - in reply to #1343026)
Subject: RE: Coming Chinese crash?


E.Central MN
from what I have read, China has developed a large internal demand for goods and services as more and more workers earned higher incomes than what they traditionally earned as farmers. A rising yuan will lower the price of their imports which should counteract some of the pressure they will feel when exports slow down. Lets not forget, China is in a better economic position now than they were 20 years ago. Compare that to the US and most of Europe....
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