Loading ...Their currency exchange rate was artificially pegged around 7 yuan to $1, it should be 2 yuan to one dollar.
It’s obvious to me that millions of businesses from around the world, that before they moved operations there, for 50 plus years they needed a agreed to a somewhat stable exchange rate, at around 7 to $1.
They let it float up and down very slightly to make it look like normal market action, but it’s not, but business moving off shore needed long term “lease agreements” on the exchange rates. Btw Musk is rich and builds cars in USA. Trump also rich and builds houses.
PS re your Chinese companies doing the same thing. Their ripping us off.
Not really China ripping us off, it’s Americans and producers from around the world HAVING there things produced there, China is a sanctuary for foreigners or a global vendor or factory to have there things made there.