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All other things being equal, a weak currency is a good thing for a country. Unfortunately for China, a weak currency comes with a host of other problems, one o

• EGreg 11y ago
  Good thing according to what goal? I think countries have various trade imbalances and rectifying them is good for the country. At the end if the day, though, robots will do most of the work.
  • eru 11y ago
    Funny enough, post-war Germany traditionally ran a trade surplus and a very strong currency.
• adventured 11y ago
  Don't tell the wealthiest country per capita in world history that - Switzerland. One of the few European nations that skated through the last decade almost entirely unscathed. They made a mistake in their attempt at currency debasement a while back, however they've almost always gone with a strong currency, and it has done wonders for their well-being. The median Swiss now earns twice what the median German does. Also don't tell the US from 1820-1970 that. The strong dollar, backed by a gold standard, enabled the US to become the largest economy at warp speed. A balanced to strong currency is ideal for a country. It provides increased purchasing power for consumers; it lures foreign capital; it keeps import costs low, including for commodities + producers; it keeps inflation from eroding the standard of living of the bottom 3/4 of citizens that can't hedge inflation; and it generates confidence for consumers, foreign investors, domestic investors, and businesses.