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The focus on labour cost is, I believe, because China have been suppressing it's own currency to stay competitive. But it's just a guess as I am only reading th
by ThomPete 10y ago
The focus on labour cost is, I believe, because China have been suppressing it's own currency to stay competitive. But it's just a guess as I am only reading through the article and the study as we speak.
- netheril96 10y ago> because China have been suppressing it's own currency to stay competitive. Had been. China's currency is facing pressure to depreciate nowadays, and the Chinese government is having a hard choice between propping the value of CNY and preserving its reserves of dollars.