yes Pear ..I agree with you ..the devaluation is Positive for the China Economy + materials Demand .
initially the devaluation triggers an immediate adjustment to commodities prices ..costing more in Yuan/USD for the Chinese ...
then when the Dust settles ..China will have created a little Inflation ..Boosted Exports ..recovered some more Market Share of World Export trade ..and become even more Competitive in the Worlds Wholesale and Retail stage .
Tourism in China will benefit from Lower FX rates ...along with the better GDP numbers to come from increased Exports and some new Inflation in China ..( better than Deflation )
yes Pear ..I agree with you ..the devaluation is Positive for...
-
- There are more pages in this discussion • 18,592 more messages in this thread...
This thread is closed.
You may not reply to this discussion at this time.
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$19.14 |
Change
-0.085(0.44%) |
Mkt cap ! $59.14B | |||
| Open | High | Low | Value | Volume |
| $19.19 | $19.32 | $19.04 | $27.77M | 1.448M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 2232 | $19.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.14 | 795 | 2 |
View Market Depth
| Last trade - 12.42pm 05/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |