With a girl in a bank in Shanghai I converted my dollars and sighed "So much less than before... Fluctuations!" I swore.. "Fluck you white people too!" she replied! ------------------------------------------------- It is not the bank's fault that conversion rates change. Well most money exchange institutions will exchange the foreign cash for the going rate of exchange plus the standard percentage service fee. If a bank holds too much money for too long they could lose or gain money depending on the circumstance and I believe banks are also charged service fees when exchanging foreign currency (at a lower rate than they charge).
------------------------------------------------------------ Still most countries pay lip service to their voters (actually to the lobbyists) and will claim that China is unfairly tipping the currency exchange rate so that it favors Chinese exports of goods. China still has a bit of inexpensive labor (from those from the farmlands of China) but good intelligent labor is getting more expensive in China (suicides has made Apple making products a bit more expensive) which is par for the course for any working class. --------------------------------------------------- In other banking news, the Europeans want China to help them out of the Debts that Greece, Portugal and Italy are in by putting in some money (a loan? or a grant?) I guess that is the way Europeans say Fluck you too....
China does not want to lose the clients in Europe ! The crisis is worldwide In friendship Michel
RYC ; The grave stone was white but was become grey due to the dirt and the lichen. This last became pink with my anti-moss and so the stone .
that is funny that you write this cause I'm reading a book for the library book club called Shanghai Girls by Lisa See -it's a novel but realized hoq muxh I don'r know about China.
@Babyboomerjill - I wasn't sure it was the Lisa See that I've heard about but it is her. She donated stuff to the Gene Autry Museum and She is part Chinese.
The Japanese women have their own sort of secret world and so did the Chinese women. I should read that book too....
@PPhilip - I'm almost done with it and it was interesting -happy and sad. Yes, I 'm surprized my friend who lives in Apple Valley,Ca. said that she loves her books. This is the first I've heard of her.
It's hard to be a banker - caught between government/economic factors and customers.
wow... looks like China is the richest country in the world these days... but how would this riches translate to power :D
@tribong_upos - Historically Spain tried to use their colonies to make money (Steal gold or force the colonies to only trade with the mother country.) The money also funded the Great Armada.
We Americans grudgingly admit that China has the right to arm themselves militarily. China building their Navy means they have the right to patrol trade routes that are attacked by Pirates. Aren't the Philippinos a bit scared their Navy could not confront any China Naval actions?
Navy power does not equal political power but back in the days it was called Gunboat politics....
The Chinese and the Philippinos have negociated the disputed Islands. I suppose the money China offered kind of soothed the negociations.
@PPhilip - actually we are with the issue on the Spratlys... but the US have promised to protect us... I guess despite the US being in debt, they are still a super power in terms of strength :D and the world respects that :)
Comments (10)
I wish somebody will write of 50% of my debt.
China does not want to lose the clients in Europe ! The crisis is worldwide
In friendship
Michel
RYC ; The grave stone was white but was become grey due to the dirt and the lichen. This last became pink with my anti-moss and so the stone .
that is funny that you write this cause I'm reading a book for the library book club called Shanghai Girls by Lisa See -it's a novel but realized hoq muxh I don'r know about China.
@Babyboomerjill - I wasn't sure it was the Lisa See that I've heard about but it is her. She donated stuff to the Gene Autry Museum and She is part Chinese.
The Japanese women have their own sort of secret world and so did the Chinese women. I should read that book too....
@PPhilip - I'm almost done with it and it was interesting -happy and sad. Yes, I 'm surprized my friend who lives in Apple Valley,Ca. said that she loves her books. This is the first I've heard of her.
It's hard to be a banker - caught between government/economic factors and customers.
wow... looks like China is the richest country in the world these days... but how would this riches translate to power :D
@tribong_upos - Historically Spain tried to use their colonies to make money (Steal gold or force the colonies to only trade with the mother country.) The money also funded the Great Armada.
We Americans grudgingly admit that China has the right to arm themselves militarily. China building their Navy means they have the right to patrol trade routes that are attacked by Pirates. Aren't the Philippinos a bit scared their Navy could not confront any China Naval actions?
Navy power does not equal political power but back in the days it was called Gunboat politics....
The Chinese and the Philippinos have negociated the disputed Islands. I suppose the money China offered kind of soothed the negociations.
@PPhilip - actually we are with the issue on the Spratlys... but the US have promised to protect us... I guess despite the US being in debt, they are still a super power in terms of strength :D and the world respects that :)