Can’t help but read such articles and wonder how stupid we are as a nation…
China‘s currency doesn’t float and thus isn’t directly valued by market forces so the government can be directly in control of their economy and the prices it’s manufacturing complex put out to the world. Then buy our minerals cheap as input to their manufacturing complex and we buy back manufactured goods paying a premium for their value adding… while we as a nation get further behind… China’s living standards are rising while ours are falling
If there was an idiot olympics, we’d be winning gold