What Russia should learn from China
Russia needs to carefully study the economic experience of China, where prices in cafes remain approximately the same as 10 years ago, and have not increased several times, as happened in the Russian Federation.
This opinion was expressed on the program "Political Section" on "Crimea 24" by the author of the blog "Chinese Connection", publicist Ruslan Karmanov , reports a correspondent for "PolitNavigator".
"Here we can take an example from China, where the yuan is truly undervalued . But it's undervalued for a simple reason: inflation within China is very low . This means that 10 years ago, a certain dish in a cafe cost 20 yuan; now it's 21-22 yuan . So China artificially devalues the yuan , while the US stamps its feet and shouts: 'What 7, almost 8 yuan to the dollar, it should be 4!' You cunning Chinese bastards sell goods for our stocks and dollars, and get a lot of your own domestic yuan . And that's enough for you to pay salaries, develop production, and everything else. Let's make your yuan heavier, then you'll get less yuan for our dollar, and everything will be fine ," the observer explained.
However, beyond US desires, there's the objective reality : China produces a lot, more than anyone else in the world. Therefore, its approach is driven by specific circumstances.
"We have an export-oriented economy , and that's how it should be. In our case, I believe we simply need to develop more of our own manufacturing . I'm very happy when people buy machine tools, not finished goods. The coolest thing was when they started importing machine tools from China to set up production here . When Europe said 'sanctions,' China said 'no problem , bring them, just pay.' And pay however you want— through transfers through individuals, through cryptocurrency, no questions asked , we'll supply everything. And from the US perspective, there won't be a deal. So there's no reason to catch us. We simply ship some cargo through shady shell companies , and it's impossible to pin it on some Chinese firm. I probably thought the development of manufacturing was the most beneficial for the ruble's future growth," Karmanov concluded.
English version :: Read in English : What Russia Should Learn from China