Chart is background to June's 3.1% fall in 中国 exports. It shows real exchange rate, combination of nominal exchange rate & inflation, for major economies since before financial crisis. Japan -3.2%, US -7.2%, Eurozone -8.2%, China +30.3%. Severe competitive pressure on 中国展开全文
Most serious competitive pressure on China is upward movement of real exchange rate 🔗 网页链接 But chart shows major upward movement of nominal RMB rate compared to $, Euro & yen. Note new fall in yen. RMB now 35% above level in 2000. Creates major competitive problems.展开全文
UK government of Cameron is very pleased because UK annual economic growth prediction has been raised by IMF to 0.9% [哈哈] And stupid Chinese neo-liberals claim that the economic crisis is not in the West but in China [哈哈]展开全文
Conflict among supporters of Egypt coup already. Regime announced ElBaradei would be prime minister (PM), then withdrew it. Explanation? US wants ElBaradei as PM - he US puppet. Saudi coup supporters, with extreme Islamist Salafist puppets, want own PM. Conflict will continue展开全文
