RMB vs USD

[rogerluli]

Back in the distant past, mid 1980's... , the RMB/USD ratio was only 4/1. Then Deng Xiaoping and the architects of the new China gradually lowered it to jump start their export economy and it all worked beyond anyone's expectations. Now China's trading partners are all crying FOUL as they see their wealth being sucked into China's coffers. I think China will very gradually raise the value of the Yuan.

We are in the process of moving a chunk of change to China and we plan to buy an apartment there in September. But I doubt we'll be making a ton of money by making this move. The world financial system would be thrown into chaos by a major quick change and China's export oriented economy would grind to a stop. That could cause the kind of social unrest that would lead to regime change in China