A big ship like China is not going to slow down instantly. But it's currently being hit by all fronts. Rise in inflation, rise in resource cost, rise in basic material cost. Rise in exporting cost due to exchange rate rise and that leads to lower competitiveness. Manufacturers and factories are closing enmass in ZhuJiang delta and ChangJian delta. You don't see this a problem at all? 150/barrel is hurting China badly. Now transportation cost for ship to arrive in LA cost tripled the amount that used to cost, adding frost to snow.
You don't know HOW financing/economic iliterate you are! And all you know is laughing and mocking intelligent people who knows.
You just made a statement that qualifies your finance iliteracy
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lol. is 150 oil the only reason for that?
-pediatrician2-
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07/24/2008 postreply
14:22:20
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Of course not, oil is just one sympton of the whole trouble
-miat42-
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07/24/2008 postreply
14:26:13
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you said a while ago when oil goes to 150, china is
-pediatrician2-
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07/24/2008 postreply
14:28:37
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That's absolutely right. China is being fried NOW
-miat42-
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07/24/2008 postreply
14:31:40