Well, China's Yuan hasn't been significantly revalued to start with. Secondly, China has traditionally offered significant incentives to local production. Land costs have been nominalized, infrastructures have been provided free of costs, tax benefits and 10-15% benefits on exports. So even if you sell the product on cost, one makes significant money through such government benefits.
Secondly, the yuan has been pegged to the dollar. With the rate stable for fairly long periods, it has led to stable planning of the export industry. Today, the Rupee has apprectiated by over 12% in a period of 4months. Such short spurge is unthinkable.
Congress started this caring only to control the inflation which was over 7% till 2months back. Ofcourse, vote banks help!
