"Few Seeing Usual Benefits of Rising Dollar" as the Headline:
"China's currency is pegged to the US dollar, so Chinese firms are protected against rapid currency swings in their dealings with the huge US market. Through the dollar's appreciation can undemine their goods' competitiveness in non-dollar markets, it helps them import supplies from such places for manufacturing. In sum, most exporters, settling their contracts in the US currency, have welcomed the dollar's rise. But some are not counting on the dollar's bounce to last long and are trying to get their clients to shift their payments over to other currencies." My comment: The rise and fall of the exchange rate is subject to economic conditions of demand and supply. Any harsh expression such as dollar manipulation is unfounded and unwarranted apropos of the REAL Sino-American Economics.
Phoenix TV cited the editorial article on China's Modernization, published in the US "SCIENCE" magazine by Premier Wen Jiabao. It is an evidence of recognition of China's achievement in science by American scientific community. It is clear that China is making contributions to humankind in the name of science for the benefit of all folks on earth.
Zhuhai's Air Show is another evidence of the level of China's air expertise as mentioned in Phoenix TV of Hong Kong on Nov. 1, 2008
Francis Shieh a.k.a. Xie Shihao, an octogenarian independent learner wishing to share knowledge with readers about the developments in China. Any negative China bashing remarks would be rendering disservice to all due to globalization of economics in every field of endeavor. One World,One Dream to strive for betterment. Nobody would impugn,indeed.
November 1, 2008 at 10.48 a.m.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment