C
Chibibar
http://www.nytimes.com/2011/10/12/b...ill-aimed-at-chinas-currency-policy.html?_r=1
It still has to pass the house.
What I don't understand is why? This is a very dangerous ground the U.S. is treading on. China owns a large majority of the U.S. debt. Currently China produce many goods that U.S. use. This will just raise prices on goods that China produce but won't guarantee manufacturing items back home.
China also owns 90% of the market on rare earth.
Why doesn't U.S. pursue other type of goods? Do they really need try to compete against China in terms of manufacturing? (which would be difficult mainly China have few laws in terms of safety and worker's safety vs U.S. hence it is cheaper to ship raw materials, produce in China, and ship back finish product than to produce back home.
It still has to pass the house.
What I don't understand is why? This is a very dangerous ground the U.S. is treading on. China owns a large majority of the U.S. debt. Currently China produce many goods that U.S. use. This will just raise prices on goods that China produce but won't guarantee manufacturing items back home.
China also owns 90% of the market on rare earth.
Why doesn't U.S. pursue other type of goods? Do they really need try to compete against China in terms of manufacturing? (which would be difficult mainly China have few laws in terms of safety and worker's safety vs U.S. hence it is cheaper to ship raw materials, produce in China, and ship back finish product than to produce back home.