In the US 1 dollar buys little maybe a stick of gum. In China what can you get for a dollar?
Quote from noob_trad3r:
Is the dollar strong in China, I hear people make 5-10 cents an hour in china.
So a dollar can buy one weeks worth of groceries right?
Prosecutor: "Now Mam', please tell the court the weapon you used on your boyfriend ?"Quote from Scataphagos:
Whoa, inflation!
I recall an episode of Wild West Tech... where there were some soiled doves who'd throw you one for $.25*... hence the term, "two-bit whore", I guess.
*twas when money was REAL
Quote from sjfan:
The last time I was in china was a good year and half ago, so if my info is outdated, someone should correct me. A dollar cannot buy one week's grocery in any major city.
Rural factory workers may earn 5-10 cents an hour (which I kind of doubt, but I don't know much about this), but it's certainly not true for any for any city office workers.
Also, the chinese currency is hard pegged to the dollar.
Quote from zdreg:
what a joke.
"Also, the chinese currency is hard pegged to the dollar"
are you implying that the yuan is hard because it is pegged to the dollar. if you are from the US I would not be surprised by your nonsensical statement.