American Leader says China is an Economic threat!

[Kasz216]

ArcticGabe said:

 

 

haxxiy said:
Brazilian minimum wages are some 60% higher than China's best provinces (and it goes higher on the state level). Just a random note BTW, Microsoft moved here because they want to be nice enough to sell us X360s for US$450.

Shanghai's GDP - Per capita CNY 73,287
US$ 11,134

- Growth 9.9%

CHinese currency is about 50% under valued

http://en.wikipedia.org/wiki/Shanghai

Brazil

Per capita

$10,816

Yeah... but it's intentionally undervalued.  China would actually be hurt pretty hard if it stopped devaluing it's currency as it's exports would drop off rapidly.

It's forced devaluation is only second to it's cyberhacking programs as far as tension between China and the west goes.