{"id":441969,"date":"2010-03-18T05:00:00","date_gmt":"2010-03-18T09:00:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/chinese-exporters-will-scream-murder-if-the-yuan-is-hiked-2010-3"},"modified":"2010-03-18T05:00:00","modified_gmt":"2010-03-18T09:00:00","slug":"chinese-exporters-issue-harsh-warning-against-any-yuan-hike","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/441969","title":{"rendered":"Chinese Exporters Issue Harsh Warning Against Any Yuan Hike"},"content":{"rendered":"<p><img decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/image\/4ba1ebd97f8b9a2334c60300-400-\/angry-chinese.png\" border=\"0\" alt=\"Angry Chinese\" width=\"400\" \/><\/p>\n<p>Who do you think Bejing will pander to first, the U.S. or its own people?<\/p>\n<p>A yuan hike would kill droves of Chinese exporters, say exporters.<\/p>\n<p><a href=\"http:\/\/www.reuters.com\/article\/idUSTRE62H0P520100318\">Reuters:<\/a><\/p>\n<p style=\"padding-left: 30px;\">The China Council for the Promotion of International Trade was checking with more than 1,000 exporters in 12 industries on whether they could cope with a stronger exchange rate, Zhang Wei, vice-chairman of the association, said.<\/p>\n<p style=\"padding-left: 30px;\"><strong>Exporters in labor-intensive sectors such as garments and furniture worked on margins as small as 3 percent, he said.<\/strong><\/p>\n<p style=\"padding-left: 30px;\"><strong>&#8220;If the yuan rises, these companies will face the immediate risk of going bust as their profit margin is already very narrow,&#8221;<\/strong> Zhang told a news conference. &#8220;So for these companies, the consequences would be disastrous.&#8221;<\/p>\n<p>They&#8217;ll scream bloody murder if it looks like China is hiking the yuan for the U.S..<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/chinese-exporters-will-scream-murder-if-the-yuan-is-hiked-2010-3#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/the-chinese-central-banker-that-loves-to-scare-america-tells-obama-not-to-expect-a-yuan-hike-to-save-him-2010-3\">The Chinese Central Banker That Loves To Scare America Tells Obama Not To Expect A Yuan Hike To Save Him<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/gartman-our-government-is-truly-beginning-to-fear-the-power-of-chinese-yuan-2010-3\">Gartman: Our Government Is Truly Beginning To Fear The Power Of Chinese Yuan<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/did-we-just-get-the-first-sign-that-the-surging-dollar-is-killing-job-growth-2010-3\">Did We Just Get The First Sign That The Surging Dollar Is Killing Job Growth?<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/nq3VEewdZRU\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Who do you think Bejing will pander to first, the U.S. or its own people? A yuan hike would kill droves of Chinese exporters, say exporters. Reuters: The China Council for the Promotion of International Trade was checking with more than 1,000 exporters in 12 industries on whether they could cope with a stronger exchange [&hellip;]<\/p>\n","protected":false},"author":6205,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-441969","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/441969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/6205"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=441969"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/441969\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=441969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=441969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=441969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}