Wednesday, September 29, 2004
In addition to the good reasons listed already, I think the new administration's "left" leaning orientation might compelthem to stay on the current course. Despite talk of labor shortage insouthern China, there is still considerable urban unemployment or under-employment problems, as well as problems with rural surplus labor. A sudden revaluation is bound to have some negative consequences on the labor market, which, if we believe in the Hu-Wen rhetorics, would deter the new leadership from revaluating. They would rather have an under-valued currency and let wages rise than the other way around.
I have a delta airline bankruptcy
site/blog. It pretty much covers delta airline bankruptcy
Come and check it out if you get time :-)