Eartha
Member
- Joined
- Oct 8, 2009
- Member Type
- Student or Learner
- Native Language
- Chinese
- Home Country
- China
- Current Location
- China
Dear all,
What's the meaning of the underlined?
Thanks in advance.
The Chinese economy and Chinese society are riven with imbalances. It is unlikely that investors have fully priced in the risks.
First, there's the near term possibility of a trade war. China is reluctant to allow the yuan to appreciate as much as the U.S. government wants. The Chinese export industry is operating on such fine margins that any significant move in the currency rate against the dollar would threaten to bankrupt whole swathes of industry.
What's the meaning of the underlined?
Thanks in advance.
The Chinese economy and Chinese society are riven with imbalances. It is unlikely that investors have fully priced in the risks.
First, there's the near term possibility of a trade war. China is reluctant to allow the yuan to appreciate as much as the U.S. government wants. The Chinese export industry is operating on such fine margins that any significant move in the currency rate against the dollar would threaten to bankrupt whole swathes of industry.