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  •  It is a fact that the Chinese government has kept (0+ / 0-)

    the yuan deliberately weak, and trying to keep the dollar artificially strong.

    It is a fact that the Chinese economy is growing by 10% per annum, year after year.

    It is a fact that U.S. manufacturing has withered and moved to China.

    Inflation is not that high in Japan -- indeed, it one of the only modern economies to have had deflation since the Great Depression.

    "Those who can make you believe absurdities can make you commit atrocities" -- Voltaire

    by ohwilleke on Thu Feb 28, 2008 at 09:29:06 PM PDT

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    •  I agree that the Chinese are purposely keeping (1+ / 0-)

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      Tuba Les

      their yuan low by pegging it to the dollar.

      I do not know if that is so good for them.  THey now have inflation and why should they be sending all this stuff over here for our devalued currency when they could just use the stuff themselves?

      by penguinsong on Thu Feb 28, 2008 at 09:35:10 PM PDT

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      •  Because it allows them to industrialize their (2+ / 0-)

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        doinaheckuvanutjob, SpamNunn

        economy which has a long term benefit beyond current consumption.  It is like the Soviet style plan to industrialize through five year plans that favored production over consumption, but is market driven.

        "Those who can make you believe absurdities can make you commit atrocities" -- Voltaire

        by ohwilleke on Thu Feb 28, 2008 at 09:38:15 PM PDT

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