Egor:I don't think we are disgareeing here generally. Orders from importers with nothing invested in terms of infrastructure and resources would drop fairly quickly, I agree. Those a little more involved may be anchored for some time by various circumstances, but even that is only temporary, I agree. Absolutely, net exports (if measured in yuan) would begin a drop immediately due to short-term domestic hyper-deflation. If measured in Dollars or Euros, however, export revenues would shoot up until overtaken by drop in total exports. That's all I was saying.
Yep. This is why China would never allow that. I am banking some subsidiaries in China. The banking laws there...make me feel...like I am "back in the ussr"...
Sic semper tyrannis
~War is Peace~Freedom is Slavery~Ignorance is Strength~ George Orwell "1984"
