Is auto industry the only manufacturing industry in Michigan?



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送交者: mangolasi 于 2005-7-24, 09:59:34:

回答: 我要开始不喜欢这个家伙了,他说来说去就是点手指头,没说到点子上。 由 skipper3 于 2005-7-24, 00:10:07:

And he is simply saying it figuratively. He is not even blaming the trade on manufacturing job lost.

I am not an expert in exchange rate, but trade surplus definitely matters in determining exchange rate (it's the basic), plus FDI etc etc. Actually from what I read PK's articles, he doesn't think Yuan is undervalued. He only thinks dollars is overvalued--China doesn't have high surplus (and more probably deficit) to the rest of the world. What he blames Chinese government is it is spoiling US government by not tightening its purse string. (OK, it's a bit odd, I agree, since you don't spoil a matured person, you only spoil a child).

The trade surplus might be less if US government allow the export of the chips, but also if Chinese governemnt allows it's residents to get US dollars freely and spend at their own dispose. "第一是老美政府阻碍自由贸易不让中土购买高技术含量的美国商品从而造成大双边贸易逆差。"--it has a premise: Chinese only spend their US dollars on high tech products. Is it true? From ordinary citizen's point of view, of course not. Many people is even willing to pay a premium for a daily product from US. But we can not control our own hard-earned US dollars. They are in the fist of the Chinese government. Who is in the way of free trade? No one is innocent.



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