Anton, thank you for the feedback. I agree - it's about quality and innovation going forward. Devaluing the RMB is actually counterproductive, as it keeps inefficient/low-quality producers in business, while discouraging innovation. Chinese producers need some "tough love," and keeping the RMB near its current level will help ensure that.
Anton, thank you for the feedback. I agree - it's about quality and innovation going forward. Devaluing the RMB is actually counterproductive, as it keeps inefficient/low-quality producers in business, while discouraging innovation. Chinese producers need some "tough love," and keeping the RMB near its current level will help ensure that.