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RE:Rise of the Re: What can India do?
by gatzzz on Jun 21, 2007 03:31 PM

@David:

I think your understanding of Chinese industries and economy is incorrect. Ramdeo has correctly stated on how Chinese maintained their exports even though their yuan was getting strong. Further the apex Chinese bank has pegged dollar to counter the yuan getting stronger. By doing this they have maintained the yuan to stop growing at a pace i.e. slowed it down. US has been very vocal including president Bush making comments at this act. We dont need that kind of situation in India because ultimately it will be the common man suffering. Being democratic, we should think of alternative measures like quality of products and innovation to counter the growing rupee. This will increase the exports inturn benifitting our economy.

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Rise of Re: What India must do