| Quote: | | | Originally Posted by Lautouzhi | | | |
| It's unlikely to happen because when it happens, our exports to USA will go down because it will be too expensive to buy from us and many other countries in the world. The world will be in shit if that happens, that is why china government refuse to let Chinese yuan appreciate, they are afraid exports will be down. | |
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Totally agree.. It will hurt singapore economy for sure, if dollars fall to 1:1 ratio. You may find it cheaper to buy stuff from US but it is going to hurt the companies in Singapore... Cause a lot of them rely on exporting. The market in Singapore is too small to support the whole country.
