Page 2 of 2 FirstFirst 12
Results 11 to 19 of 19

Thread: "Made in China" - Developing Trend - Quotations in RMB, not US$

  1. #11
    Full Member yuemax's Avatar
    Join Date
    Sep 2011
    Location
    Shenzhen, CHINA
    Posts
    50
    Thanks
    5
    Thanked 16 Times in 12 Posts
    Quote Originally Posted by Dave A View Post
    Down to nearly 9% growth - they must be miffed
    LOL, yeah, considering the new Maserati my neighbor just bought - they're really against the ropes...
    --

    Ensuring Quality from China: www.TopInspection.com
    Custom Fitted Caps: www.PandadStuff.com

  2. #12
    Gold Member Sparks's Avatar
    Join Date
    Dec 2009
    Location
    Port Elizabeth
    Posts
    854
    Thanks
    15
    Thanked 117 Times in 93 Posts
    Look on the bright side, if prices keep going up for them we will hopefully see less sub-standard imports flooding our market.

  3. #13
    Diamond Member Blurock's Avatar
    Join Date
    May 2010
    Location
    Durban
    Posts
    3,459
    Thanks
    662
    Thanked 770 Times in 633 Posts
    Blog Entries
    1
    China has its problems just as other countries. Time magazine had an article on a looming property bubble in China due to unbridled development and a slowdown in demand.

    If you think the sub prime bonds or Euro crisis was daunting, then wait for this one. It will turn the world upside down. Hope the Chinese Govt can manage such a bailout and prevent a total monetary collapse.
    Excellence is not a skill; its an attitude...

  4. #14
    Full Member yuemax's Avatar
    Join Date
    Sep 2011
    Location
    Shenzhen, CHINA
    Posts
    50
    Thanks
    5
    Thanked 16 Times in 12 Posts
    Quote Originally Posted by Blurock View Post
    China has its problems just as other countries. Time magazine had an article on a looming property bubble in China due to unbridled development and a slowdown in demand.

    If you think the sub prime bonds or Euro crisis was daunting, then wait for this one. It will turn the world upside down. Hope the Chinese Govt can manage such a bailout and prevent a total monetary collapse.
    For Chinese consumers, it's mostly cash-based. It's almost impossible to get car financing - we paid cash for our car - really bummed me to have to fork out for that...

    For the property side, it's becoming more and more difficult to get a bond here. If it's your first/only property, the requirement is about 25-35% cash deposit, and the bond is 15 - 20 years. If it's your second property, the deposit is much higher, or in some instances, the banks will decline a bond.

    To keep things cool, from time to time, provincial governments either raise the deposit %, or temporarily suspend issuance of bonds. In Shenzhen for example, I've seen some properties priced similar to Hong Kong - scary stuff!

    Cheers
    Max
    --

    Ensuring Quality from China: www.TopInspection.com
    Custom Fitted Caps: www.PandadStuff.com

  5. #15
    Diamond Member wynn's Avatar
    Join Date
    Oct 2006
    Location
    east london
    Posts
    3,338
    Thanks
    548
    Thanked 625 Times in 524 Posts
    At that rate it could snowball to 2% over a year, that would set the cat among the pigeons
    "Nobody who has succeeded has not failed along the way"
    Arianna Huffington

    Read the first 10% of my books "Didymus" and "The BEAST of BIKO BRIDGE" for free
    You can also read and download 100% free my short stories "A Real Surprise" and "Pieces of Eight" at
    http://www.smashwords.com/books/view/332256

  6. #16
    Diamond Member wynn's Avatar
    Join Date
    Oct 2006
    Location
    east london
    Posts
    3,338
    Thanks
    548
    Thanked 625 Times in 524 Posts
    South Africa wants to adopt 'the Chinese economic model', President Jacob Zuma is expected to announce this week. This would be a very grave mistake. The Chinese miracle is not what it seems.

    China’s GDP and GDP growth figures have been nowhere near as spectacular as we were always led to believe. A fact that quietly slipped under the radar towards the end of 2007, when the eyes of the world were turned to the US housing market and the fear of a global economic downturn, was an announcement by the World Bank that it had revised the basis for its Chinese GDP figures.

    An accomplished young business graduate in Shanghai, Matt Dale, understands China and its financial markets very well, and his explanation makes for clear and staggering reading.

    His conclusion is not only that money supply growth is out of hand, placing great pressure on the renminbi, but startlingly, that the People’s Bank of China is leveraged by an astonishing 1,300 to one. A fall of just 0.07% in the value of the Chinese central bank’s assets would render it insolvent. (By contrast, the bailout- and stimulus-funding US Federal Reserve is leveraged about 50 to one, and the sovereign debt-plagued European Central Bank’s leverage ratio never peaked above 10 even during the darkest days of 2008.)

    The impact of a devaluing dollar is concealed only by the continual manipulation of the renminbi. The US is right to accuse China of fiddling its exchange rate, but if China stopped doing so, it might well go bust overnight.

    read the complete article at
    http://dailymaverick.co.za/opinionis...morbidly-obese
    "Nobody who has succeeded has not failed along the way"
    Arianna Huffington

    Read the first 10% of my books "Didymus" and "The BEAST of BIKO BRIDGE" for free
    You can also read and download 100% free my short stories "A Real Surprise" and "Pieces of Eight" at
    http://www.smashwords.com/books/view/332256

  7. #17
    Junior Member
    Join Date
    Mar 2018
    Location
    Johannesburg
    Posts
    16
    Thanks
    0
    Thanked 0 Times in 0 Posts
    More and more Chinese suppliers participate in international trade, which is worth to think.

  8. #18
    New Member Lich999's Avatar
    Join Date
    Mar 2018
    Location
    Des Moines
    Posts
    3
    Thanks
    0
    Thanked 0 Times in 0 Posts
    thank you for sharing)))

  9. #19
    Diamond Member Blurock's Avatar
    Join Date
    May 2010
    Location
    Durban
    Posts
    3,459
    Thanks
    662
    Thanked 770 Times in 633 Posts
    Blog Entries
    1
    A solution may be to ask for a quotation in CNY and in USD.
    Payment in CNY has the advantage that you do not have a double conversion i.e. ZAR to USD to CNY and related costs.
    As all Chinese deals are cash up front, when payment is due, you can choose the most cost effective currency.
    Excellence is not a skill; its an attitude...

Page 2 of 2 FirstFirst 12

Similar Threads

  1. no need to earth metal downlights if they are "out of arms reach from the floor l"???
    By billybob2475 in forum Electrical Contracting Industry Forum
    Replies: 3
    Last Post: 07-Jun-11, 08:47 PM
  2. Zuma Controversy " Cast the First Stone...""
    By sgafc in forum South African Politics Forum
    Replies: 23
    Last Post: 17-Feb-10, 03:02 PM
  3. "Grandad Bandit" Serial Bank Robber - Can only happen in the States
    By BBBEE_CompSpec in forum General Chat Forum
    Replies: 0
    Last Post: 13-Nov-09, 12:48 AM
  4. [Opinion] free copy of "Quick and Dirty Info Income"
    By TomRasi in forum Marketing Forum
    Replies: 0
    Last Post: 27-Oct-09, 08:23 AM
  5. "In times of universal deceit, telling the truth will be a revolutionary act."
    By Candy Bouwer in forum South African Politics Forum
    Replies: 6
    Last Post: 09-Sep-07, 10:18 AM

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •