Revaluation of Chinese Yuan to boost Laptop cost

Discussion in 'Off Topic' started by SkiBunny, Jan 19, 2005.

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  1. SkiBunny

    SkiBunny Notebook Deity

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    With the imminent revaluation of the chinese yuan this year, notebooks imported from China will become more expensive for American consumers.

    China is expected to upwardly revalue its undervalued currency, which has been pegged to the US dollar. Although the US dollar has plunged to historical lows against most currencies recently, that has not affected imports from China because of the yuan peg.

    That will almost certainly change, the only question is, "When?".

    Chinese officials seem to be pointing at a 5% increase perhaps as early as next month. A full revaluation or a floating currency, expected eventually in the years to come, will likely result in a very steep increase in the value of the yuan to the dollar, due to the huge deficits that the United States suffers.

    http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh88688_2005-01-19_17-20-40_l19699805_newsml
     
  2. Andrew Baxter

    Andrew Baxter -

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    Thanks for the news link, it is certainly true that world economics affect the prices of consumer electronics and since many notebooks are manufactured in China (all Dell, HP and Toshiba machines are for instance) then there will be upward pressure on prices if costs of buying from China increase.
     
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