Comments on: Chinese Economy Seems to be Growing http://www.dailyreckoning.com.au/chinese-economy-seems-to-be-growing/2009/05/11/ An independent perspective on the Australian and global investment markets Sat, 21 Nov 2009 17:27:32 -0600 http://wordpress.org/?v=2.8 hourly 1 By: Robert http://www.dailyreckoning.com.au/chinese-economy-seems-to-be-growing/2009/05/11/comment-page-1/#comment-77773 Robert Thu, 14 May 2009 06:07:18 +0000 http://www.dailyreckoning.com.au/?p=5928#comment-77773 I think the fundamental problem is that the Chinese currency has been fixed to low and due to this they have attracted a mis allocation of investment and spending. The alternatives in the US and West were to invest in property not manufacturing , the traditional home for productive capital. Until we have a global re valuation of currencies and America (West)can build exports and Chinese can afford more foreign goods and more building for development and allow dollars to flow out of US property into manufacturing the system will continue to stall. I would welcome your views. I think the fundamental problem is that the Chinese currency has been fixed to low and due to this they have attracted a mis allocation of investment and spending. The alternatives in the US and West were to invest in property not manufacturing , the traditional home for productive capital. Until we have a global re valuation of currencies and America (West)can build exports and Chinese can afford more foreign goods and more building for development and allow dollars to flow out of US property into manufacturing the system will continue to stall.

I would welcome your views.

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