Hacker News new | ask | show | jobs
by nostromo 5876 days ago
> Of course anything foreign is more expensive than the west. You realize you are in the other side of the world, right?

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.

1 comments

Funny how no one used to complain when it was the rich countries who dictated the rules of the game (via the IMF).