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How? They’re paying more than ten percent of GDP to keep the value of their currency down in a massive subsidy to their export sector at the expense of everyone
by barry-cotter 7y ago
How? They’re paying more than ten percent of GDP to keep the value of their currency down in a massive subsidy to their export sector at the expense of everyone else in China. They’re subsidizing the rest of the world’s consumption.
- jokoon 7y agoSure, but it's massive advantage for the future of china. It's an investment.