Page 2 - Export Machine News Today

It has for the last year to two year, and it will continue to. why? because its in their interest. they know theyve got to devalue their currency. its got to be more of a market-based model, because theyre transitioning from the largest export machine to a consumption machine, and they their currency will have to be appropriately valued. heres the deal on china that not a lotánhhátc:bhg- the u.s./china relationship is not going to work until such time as we fix our core. we dont have leverage ...

Meaning at the end of the day. it has for the last year to two year, and it will continue to. why? because its in their interest. they know theyve got to devalue their currency. its got to be more of a market-based model, because theyre transitioning from the largest export machine to a consumption machine, and they their currency will have to be appropriately valued. heres the deal on china that not a lotánhhátc:bhg- the u.s./china relationship is not going to work until such time as we fix o...

Currency low and one of the sticking points of the u.s. and european countries want to have dialogue with china to stop them from doing that. why? >> because it allows their export machine to keep humming. it allows them to employ millions of people in broad, huge, high tech campuses and churning out what used to be low-skilled, low quality goods like tennis shoes and t-shirts. now its high tech items like iphones and ipads and maybe a civilization industry. ge will be supplying engines to the i...