in fact, China and USA are the real "evil axies" !
it is US and China that cooperate to exploit resource-selling countries !
China go on buying US T bond and peg on US dollar. then, US dollar will still be the global-dominant currency.China can earn more and more US dollars because Chinese export can rocket on.
When devalued USD has price of oil and other raw resource raised,the pegged RMB also has the price of Chinese goods raised. So, the rocketing price of oil and other raw resource won't bother China at all .
So,we can see a evil triangle-trade here. USA uses devalued green notes to take trillions of industrial goods
from China. then China uses those devalued green notes to take oil and other raw resource from Africa, MD and other developing countries.
2007-06-25
03:55:55
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10 answers
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asked by
sinoguy
1
in
Politics & Government
➔ Politics
then ,in such triangle-trade,Both China and USA obtain what they want. Chinese Cheap goods make Yankees' life-quality better , and sustained supply of oil and raw resource make Chinese infrastructure and industry upgraded.
then what the developing countries can obtain? nothing but devlavued green notes.
devalued green notes does not bring any disadvantage to US and China,but it indeed shrinks the real export earning of resource-selling countries. nominally they seems to earn more USD,but due to global inflation, their exporting earning can't buy more industry products or real asset from US and China than before.
it can be proven by the reality. oil price has been rocketing.With the reduction of Chinese export subsidy and the slow appreciation of RMB, the price of the global industrial products have to rise slowly.
2007-06-25
03:58:01 ·
update #1
the price of real assets in China and USA is rocketing. So, the global inflation in fact is on!
So,except those oil-exporters,most developing countries will face more problems.
2007-06-25
03:58:55 ·
update #2