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The most vocal bloc consists of exporters and their allies in the commerce ministry, who worry that an ever more valuable yuan will result in narrower profit margins.
A more valuable yuan would be entirely outmatched by this phenomenon.
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The result: A stronger dollar with only a partially effective new tax regime would encourage imports (which would become cheaper in dollars) and discourage exports (which would become more costly to foreigners who are buying with less valuable Euros or yuan).
We would like to acknowledge Chen-Yuan Chiang, Brian Williams, and Chris Dye for valuable comments on this work.
The rising yuan and the cheap peso accentuate this trend.Proximity to America, Mexico's trump card, has been made more valuable by the high oil price.
It builds cars with a licensee in Iran and opened a factory in Ukraine last year.Sales of 7.6 billion yuan ($1 billion) in 2007 and profits of 937m yuan were enough to make Great Wall the most valuable listed carmaker in China, despite having much lower output volumes than its main domestic rivals.
To make this picture clearer, the valuable blog China Hush gives a visual rundown of how much less of this stuff you can buy for 100 yuan ($15) compared to the same time last year.
Nong xue yuan.
Guo wu yuan, author.
Zhongguo ke xue yuan.
Nine million [Chinese yuan].
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com