No, because the value added by labourers to an iPhone is less than 100%. Much of the rest of the value added are from other countries. But you do provoke a poi

No, because the value added by labourers to an iPhone is less than 100%. Much of the rest of the value added are from other countries. But you do provoke a point - Would Chinese workers be making the iPhone if the yuan rose by 100%? There's a good chance they might not be. Yet, if the rise of the yuan was not a result of intervention by governments, it would mean that the yuan rose because there is high demand for China's exports - As long as China's exports remain in high demand there will be further growth in its exports industry, making sure there will be enough work for China's workers.