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"If a game costs $10 to make in China" It doesn't though. It costs a certain amount of Yuan. About 70CNY Therefore to make the numbers add up now they need $5
by neilwilson 2y ago
"If a game costs $10 to make in China"
It doesn't though. It costs a certain amount of Yuan. About 70CNY
Therefore to make the numbers add up now they need $5 to buy 70CNY
Which means to make China a viable source, the exchange rate needs to go from 1:7 to 1:14.
Those Chinese Sovereign wealth funds need to be more generous with their CNY if they want to keep the manufacturing.
- rsynnott 2y agoThe USD is currently sharply devaluing, and Trump appears to be quite keen on this idea. China attempting to keep up would cause all sorts of issues.