http://www.bloggernews.net/122959 High-quality English language analysis and editorial writing on the news. Wed, 15 Feb 2012 19:42:50 +0000 http://wordpress.org/?v=2.3.3 http://www.bloggernews.net/122959#comment-1445964 scheng1 Tue, 17 Nov 2009 09:05:57 +0000 http://www.bloggernews.net/122959#comment-1445964 If Yuan appreciates rapidly, then the whole world suffers. The textile industry in US is almost dead. It does not have the capacity to manufacture enough for domestic demand. In the short term, it will still have to rely on imports. If Yuan appreciates by 20% within a year, the countries which buy the clothing and shoes from China will suffer. Many countries have changed so much that they no longer have the workforce for manufacturing. If Yuan appreciates too much, many countries will suffer! No country will benefit in the long run. If Yuan appreciates rapidly, then the whole world suffers.
The textile industry in US is almost dead. It does not have the capacity to manufacture enough for domestic demand. In the short term, it will still have to rely on imports. If Yuan appreciates by 20% within a year, the countries which buy the clothing and shoes from China will suffer.
Many countries have changed so much that they no longer have the workforce for manufacturing.
If Yuan appreciates too much, many countries will suffer! No country will benefit in the long run.

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