Author: jimmy67

Are Asian central banks using RMB as reserves now? [Copy link] 中文

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Post time 2007-1-18 14:26:16 |Display all floors
Originally posted by greendragon at 2007-1-18 11:53
Hi old buddy!

I see you are fully ONBOARD with the game strategy!

ha ha ha

Take care, it's a game.....
As in any game, there are risk...
Please concentrate on your 1st and 2nd love...
i ...


Thxs for the Tips!!!

My eyes is fully wide opened!!!

If the local market goes up another 10-15%,

I will SELL all my shares & lock into BONDS!!!

off course not James BOND!!!

[size=-2]u know CANNOT trust british nowadays.
What's on your mind now........ooooooooooooooo la la....Kind Regards

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Post time 2007-1-18 14:30:05 |Display all floors
I appreciate your views.We have to work hard to strength our country.

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Post time 2007-1-19 00:00:02 |Display all floors

rising value and buying power, compared with the steadfast salary

what can we say about this controdiction.

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Post time 2007-1-19 14:01:56 |Display all floors
Originally posted by peter_lee at 2007-1-19 00:00
what can we say about this controdiction.


controdiction?

it is contradiction!
What's on your mind now........ooooooooooooooo la la....Kind Regards

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Post time 2007-1-19 14:05:09 |Display all floors
Originally posted by fulong8388 at 2007-1-18 14:30
I appreciate your views.We have to work hard to strength our country.


My advice is + hard work,!

Must also work SMART

& be a Strategic thinker!!!

DO you know HOW those in the WEST EARNS MONEY???

They put in place system to attract people

who is willing to pay by their noses.
What's on your mind now........ooooooooooooooo la la....Kind Regards

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Post time 2007-1-21 08:26:48 |Display all floors
there are always tradeoffs when a currency appreciates....

When RMB appreciates, no doubt that Chinese can buy foreign goods at a cheaper rate or travel abroad with less money.
But it will definitely hurt Chinese exports as people in foreign countries will buy less because of imported goods from China will become more
expensive. Also, international companies may reduce their investment in China because the salary (paid in RMB) will be higher compared
to other countries.

Let's look at Japan, they used to be a developing country back in 60's. Japanese cars exported to North America and Europe were relatively
cheap. Their exports exploded in 70's and 80's. The Americans complained that the YEN were too cheap and asked the Japanese to
appreciate their currency. Japanese followed their "advice"... and felt good since they can afford travel abroad and buy foreign goods at ease.
.... But now their economy has stagnated in the past 2 decades because of the housing bubble and high living expenses
in the domestic markets.

So rising RMB is not necessarily beneficial to the Chinese economy.... i think the Chinese central bank has done the right thing not
to let it float freely. Otherwise, it would impact the "export" driven Chinese economy. Because of the record US trading deficit to China,
many American politicians tried to use the same trick saying that RMB is undervalued and pressured the Chinese government
to appreciate RMB. They also threatened to pass a law to impose import tax to Chinese goods.So far, those politicans
have not tabled the law in the lower house, probably worrying that China have lots of US bonds in her  $1 trillion USD reserves
and may sell them in the open market to bring down the US dollars. Then, both ecomonies will suffer and so as the rest of the world.

The exchange rate issue is not as simple as what we think.... it would be interesting to see how US and China governments
are playing their cards... but everyone agrees that China is becoming an economic superpower in the world. We should
all feel proud :)

[ Last edited by bmw007 at 2007-1-21 08:41 AM ]

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Post time 2007-1-23 14:35:26 |Display all floors

Reply #52 peter_lee's post

Mr. Peter, some reality check for you.

The steadfast salary is where you begin.
It is those who can understand the matrix of life will also benefits disproportionately.

ie. if you are money careful when young....
you can to save a lot of money...

and you income comes from (1) Salary + (2) Investment income...

some people like my family has income from
(1) Salary

then
(2) Salary + Home appreciation

then
(3) Business income + home appreciation + rental income + investment income from bourse, reits, bonds.....

so you cannot complaint....everybody starts with the same tools..ie. yourself and your ability + choices you take.


and a small minority INHERITs such benefits......lucky chaps!


Green DRagon
Lord of the code
Third Force

[ Last edited by greendragon at 2007-1-23 02:37 PM ]

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