From what one trader told me, China wants to move from 'Cheap products country' to more 'High end product' country. There long term strategy is to compete with Japan and Korea in Auto and high end electronic products sector.
Chinese move to relax its currency is a strategic move, they would soon come forward in high end automobile and electronics sector and force korea and japan to lower the prices of their product.
And I am yet to meet one chinese guy who dosent have deep resentment against japanese because of all the rape in 'nanjing province' (former capital before beijing) during WW2.
Chinese move to relax its currency is a strategic move, they would soon come forward in high end automobile and electronics sector and force korea and japan to lower the prices of their product.
And I am yet to meet one chinese guy who dosent have deep resentment against japanese because of all the rape in 'nanjing province' (former capital before beijing) during WW2.