peter236

If China starts dumping $US then the $US will go even lower.

peter236

Actually, according to the experts, if China stops buying $US or buys less, the $US will crumble.
According to the experts, instead of buying $US, China can use the excess cash for investing into healthcare and education sectors. As a result, healthcare and education sectors will generate more GDP growth in China, and therefore reduce the proportion of GDP growth from exports.
When that happens China does not need to care too much about the rising Chinese currency's effect on the exports.

peter236

China will only dump their $US gradually. So we are in agreement on this point.

But we should not under-estimate China investment in their healthcare and education system. As we all know, in US/Canada, the government spends 10-15% of GDP on health care. If China spends 15% of their GDP on healthcare, that is already a few hundred billion worth of GDP each year. Now, the $800 billion worth of US treasuries that China owns can easily be replaced over a number of years

peter236

Gesh... do you know any English at all? If it is being done gradually, it is not "dump" la...

But what can I expect from some 50 cents idiot?

-Lik
Lik 發表於 2009-9-26 11:57

wow, another unwarranted attack from our 50 cents know-it-all Lik.
What can we expect, from Lik who is running out of arguments?

peter236

Canadian $ is rising again.

peter236

How high will Canadian $ rise?

peter236

bought some US $ last few weeks ...  
Catpiano 發表於 2009-10-14 21:49

Do you guys buy $US for investment purposes or just for shopping in the US?

peter236

Should we buy more $US now?