WELL,AFTER PLACING AN 7 BILLION USD ORDER OF 70 BOEING AIRPLANES TO U.S.A, CHINESE COMFIRMED THAT THEY HAD PLACED AN ORDER OF 150 AIRBUSES TO FRANCE,WHICH IS WORTHY OF 10 BILLION US DALLARS.

MM,I THINK CHINESE GOVERMENT MUST FEEL IT DANGEROUS TO KEEP A FOREIGN EXCHANGE RESERVE OF 800 BILLION US DALLARE AND BE EAGER CHANGE ITS USD CASH INTO MATERIALS LIKE AIRCRAFT,OIL,METALS AND MINES.

I REALLY THINK RMB IS UNDERESTIMATED MUCH AT A RATE 1/8 USD.MAYBE IT IS MORE REASONABLE TO INCREASING IN VALUE BY 40% TO 1/5 USD OR 1/4.

OF COURES ,IT SHOULD BE INCREAING GRADULLY IF AVAILBLE

bro lay off the caps next time will ya, According to IMF, China now has 837.9 Billion USD of foreign reserve (including Hong Kong) surpassing Japan with 834 Billion USD of foreign reserve to become the country with the most foreign reserve in the world. But its doesnt matter too much China has a growing trade surplus and is expected to be around $100 billion this year. As long as macro economical controls dont over heat the economy we as expect over a $1 trillion foreign reserve, easily done, China is taking the steps to kill the Japanese economy, i give Japan another 10 years after that they are left behind.

In most high tech fields in which Japan specializes it will take China good 15 years to beat them considering they keep up current speed.

Out of 60,000 working Reborts in world, Japan got more then 35000-40000 of them.

chinease played a very good game.

they first bought from the yanks. Then they opened the race for the second order. As airbus and boeing are in perpetual competition, china managed to get TOT from airbus. Airbus will construct a plant in china.

Thus china will get the aircraft from that money and also get the tech, atleast part of it.

in 1980s, Jap fell behind Europe also far behind US in auto industry and mechanics.
It did not mean japs can not beat them with lower tech and poor quality since japs
products were only half the price of EU and US offered. we all know the result
today. Then why China can not repeat the history and the universal rule another
time?

its main macro economic supports are auto industry and home electronics.
without integrate Taiwan and sKoren tech, China stands along can be japan
soon in second field. On the auto, I also mentioned.