China announced that ti will no longer peg the yaun to the US dollar, how soon before bike and component prices (as well as a lot of other things) start rising? Will US retailers start jacking prices up right away, or when new inventories are purchased? I wouldn’t be surprised if prices start going up very soon.
Not by much - they are only letting it fluctuate a tiny bit.
Not by much - they are only letting it fluctuate a tiny bit.
Plus – their cost for raw materials falls. And – they can push margin pressures right on down the line to the 200 million peasants waiting in line to work in the factories.
The currency re-val was a token political ploy.
i guess by the 2% they devalued the yuan
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