Post
Topic
Board Economics
Re: Canada joins the dollar dumping team, signs a deal with China to bypass it
by
Armadillo
on 14/11/2014, 14:48:15 UTC
If the Yuan rises against the dollar, China will lose its only competitive advantage. All that slave labor won't be so attractive anymore.
I don't see a great drive for the Chinese oppressors to let that happen anytime soon.
Until China gets a decent intellectual base it will be stuck as a low cost producer. They are making progress and have a lot of our cash, but it takes time to build a generation of intelligentsia.