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by felipe
5875 days ago
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Really, you complain about China because a Bud is 45 kuai?!?! Of course anything foreign is more expensive than the west. You realize you are in the other side of the world, right? About the CCP making a mint off the US: Keep in mind that is the US that's selling treasuries. |
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Actually that has more to do with Chinese currency manipulation than anything else. By refusing to adjust their currency appropriately, foreign goods are unaffordable to most domestics. This is the reason their economy is growing at amazing rates -- it's not magic. Long term this will cause problems, such as local property bubbles and potentially tariffs imposed on their exports as other countries get pissed.