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viking86

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viking86

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Saturday, 04/10/2010 9:19:00 AM

Saturday, April 10, 2010 9:19:00 AM

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Yuan reevaluation: If (seems more like a When now) the Yuan is adjusted to a higher exchange rate vs. the USD, companies like CNAM that mainly buy commodities from other countries and resell them in China at a profit stand to gain twice in my opinion. Not only they have to pay in fewer Yuans for the same amount of USD to import the same amount of goods but their profit in Yuans will translate into more USD at the end of each reporting period. So in a simplistic way, if the rate is adjusted 10% upward, we get 20% more profit. Makes sense or am I missing sth here ?
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