https://padlet.com/ichew/bbb4mb_chinafloat Is the situation in China any different from Egypt? Please explain using the information from the article. en-us 2016-11-28 05:39:00 UTC 2016-12-06 16:16:24 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Balance.png ichew https://padlet.com/ichew/bbb4mb_chinafloat/wish/140086874 Read the Article to answer the question on top of the page.]]> 2016-11-28 05:39:00 UTC https://padlet.com/ichew/bbb4mb_chinafloat/wish/140086874 https://padlet.com/ichew/bbb4mb_chinafloat/wish/140409804 The currency floatation issue in China is not similar to the case in Egypt, the chinese people are a manufacturing power and the USA are importing most of their products. The yuan is getting stronger and it was cheap on purpose because they want people to pay and purchase their goods in a cheap pricing and affordable ways. 

The Chinese government want to put barriers for the US investors, that want the Yuan cheaper and the value of the dollar will not be as important as t. Which will boost the prices and demand on the Chinese Yuan which will become a world leading hard currency in the future. The Chinese government is willing to make agreements with strategic partner like Egypt in order to give them the products made in China that have such a high demand and it will be all in the Yuan currency which will help give the Yuan more value. 

Finally, Egypt is an importer, consumer country that doesn't have any workforce or production lines that will help them do their own products but China is dependable on itself therefore they are willing to give their currency more value


]]> 2016-11-29 06:54:10 UTC https://padlet.com/ichew/bbb4mb_chinafloat/wish/140409804 MariamAbdallah https://padlet.com/ichew/bbb4mb_chinafloat/wish/140409871 You cant compare the flotation that happened in Egypt to the flotation that happened in china. Because China is a country that exports to all of the world, china did this on purpose because they wanted their value of their currency to go down because they wanted more countries to buy things from them. The USA is trying raise the value of the Chinese currency so less people buy from China and more people buy from the USA. On the other side USA wants the Egyptian currency to go down because everything will be 50% cheaper for USA. China is also known for exporting so when the people see that their currency is so low and they copy everything exactly the same so its cheaper for all the countries around the world to buy from them. But Egypt is known for importing everything and they never export ]]> 2016-11-29 06:55:22 UTC https://padlet.com/ichew/bbb4mb_chinafloat/wish/140409871 ichew https://padlet.com/ichew/bbb4mb_chinafloat/wish/140409944 In this case, China is the strong exporter country, with a devaluated currency. They are thinking about floating the Yuan, and that would affect them and also benefit US and European exports. If they float the currency, the Chinese exports would get hurt and other countries would not be able to buy their cheap and good products. The Chineese are looking forward to make their currency stronger as all countries think it's a cheap currency. Egypt and China have signed agreements that they will be using their own currencies, and not the USD. Therefore, this will affect the US dollar and make the Chinese and Egyptian currencies more available and easier for tourists. 
Therefore, Egypt is an importer country and they are trying to motivate their Local products and this will give many people chances to work. China is an exporter country and they are trying to make their currency stronger by floating the Yuan. ]]> 2016-11-29 06:56:25 UTC https://padlet.com/ichew/bbb4mb_chinafloat/wish/140409944 https://padlet.com/ichew/bbb4mb_chinafloat/wish/140409971 2016-11-29 06:56:54 UTC https://padlet.com/ichew/bbb4mb_chinafloat/wish/140409971 ichew https://padlet.com/ichew/bbb4mb_chinafloat/wish/140410038 Yes, the situation in China is a lot more different the situation in Egypt. Everyone, thinks that the chinese currency is very cheap, yet before the egyptian pound floats everyone thought the egyptian pound is so expensive. That is a great difference between both situations. Also, The chinese are using the floatation to their own good. Everyone, imports products from chinese since people prefer cheap over quality. However, the US will not benefit from that if the chinese currency stayed low, because if it stayed low everyone in the US would prefer to export from china. Yet, if the chinese currency increased and became more expensive. Now, US would benefit from that because everyone would choose to buy their products/goods from US, and they won't need to import from China since, the prices are now similar and Us products have better quality. However, the floatation her differs fro egypt to china because as we can see, China is using that to its own benefit they are typically doing that on purpose. Yet, Egypt is suffering now from what happened (the floatation of the Egyptian pound), is horrible for our economy now since, we don't have any kind of products to export, so countries like the US and UK they don't need anything from us that makes our currency even worse.]]> 2016-11-29 06:57:57 UTC https://padlet.com/ichew/bbb4mb_chinafloat/wish/140410038 https://padlet.com/ichew/bbb4mb_chinafloat/wish/140410110 There is a difference between both china and egypt. China made there products cheap unlike egypt. The egyptian are struggling because of the float of the pound unlike china they did this on purpose. While the yaun is having a good currency. And that there is both importing and exporting to the us and eu. There are also some disadvantages to this for china if there production starts to decrease fhe country will start losing. ]]> 2016-11-29 06:59:07 UTC https://padlet.com/ichew/bbb4mb_chinafloat/wish/140410110 https://padlet.com/ichew/bbb4mb_chinafloat/wish/140410116 China and Egypt are very different in terms of curreny floatation. In China they decided to do this on purpose. Even though it has some cons, it still has many advantages. It promotes new types of investment in china. On the other hand, Egypt does not have a purpose for doing so. This is because egyptians are struggling since they cannot afford to buy products because everythig is very expensive. However, in china, people do not suffer from poverty, so currency floatation would not affect them drastically as much as it affects egypt. The usa will be affected as well if china keeps its currency low. This is due to everyone exporting from america]]> 2016-11-29 06:59:12 UTC https://padlet.com/ichew/bbb4mb_chinafloat/wish/140410116 https://padlet.com/ichew/bbb4mb_chinafloat/wish/140410165 The Chinese are trying to make the Yuan much more valuable and therefore making trading much better in China. Also the Chinese government are trying to make their currency much more worldwide like the US dollar. In Egypt however the currency is losing value and that is hurting the economy, this will also affect the trading because if the currency loses value it will not be valuable to the other countries. The difference between the two governments is that the Chinese government is doing it to help their own government but the Egyptians are doing it to make their currency better but that isn't working so that's why the government is falling]]> 2016-11-29 06:59:59 UTC https://padlet.com/ichew/bbb4mb_chinafloat/wish/140410165 feadboys https://padlet.com/ichew/bbb4mb_chinafloat/wish/140410212 The situation in China is really different from the situation here in Egypt. China is a world wide recognized exporting country. This is because its exchange rate is so low, that many companies buy from china a lot of products. On the other hand, here in Egypt this is a total different situation. Egypt has been an importer for many years and still is. with the flotation making the exchange rate lower, many companies and factories are not able to buy products that can be sold or manufactured here in Egypt. However, it is somehow similar, as the future hope is to attract foreign investors to come here to Egypt, as for them, exchanging to Egyptian pounds just means more money for them. This is the only similarity. Therefore, it is really different as Egypt is a major importer and China is a major exporter. ]]> 2016-11-29 07:00:40 UTC https://padlet.com/ichew/bbb4mb_chinafloat/wish/140410212 https://padlet.com/ichew/bbb4mb_chinafloat/wish/140410379 The situation in china is different from the sittuation of the flotation of the egyptian pound in Egypt. Many countries import goods from china (especially USA) because of its cheap price. If the yaun rises, countries will lose interest in chinas goods. On the other hand the situation in egypt is different. The flotation of the EGP will help the economy if investers, invest in Egypt. Other countries that Egypt imports from, will not get affected if the dollar is cheaper. If the dollar in egypt is very low, Egypt will start importing more goods. Also other countries will start investing im Egypt]]> 2016-11-29 07:03:28 UTC https://padlet.com/ichew/bbb4mb_chinafloat/wish/140410379 https://padlet.com/ichew/bbb4mb_chinafloat/wish/140410394 In this particular situation. China is extremely different from Egypt beacuse before the floation people saw the chinese currency as a very cheap currency on the contrary people saw the egyptain currency as an expensive currency. This was very good for china beacuse a lot of countries imports from china due to how "cheap" its currency snd products. But if we analyze Egypt we would come to a conclusion that the the amount of countries that we will end up exporting to are nothing. we don't have products to export neither our currency is strong, that makes the egyptian pound nothing.]]> 2016-11-29 07:03:42 UTC https://padlet.com/ichew/bbb4mb_chinafloat/wish/140410394 https://padlet.com/ichew/bbb4mb_chinafloat/wish/140411493 In this case, China is very different from Egypt. China on purpose wanted to be a worldwide exporter country so that the value of their currency would be cheap so that many countries would be able to buy from them. USA is trying to increase the value of the Chinese currency so that less countries would buy products from China and more people would buy from the USA. However, Egypt is struggling with the currency drop since its an importer. Unlike Egypt, China is an independent country that has more value to their currency.]]> 2016-11-29 07:16:00 UTC https://padlet.com/ichew/bbb4mb_chinafloat/wish/140411493 https://padlet.com/ichew/bbb4mb_chinafloat/wish/140412517 The problems in china is different from the problems in Egypt. China is known worldwide for it’s cheap stuff, that’s why a lot of counties import from China, but if the Chinese currency (yuan) went up, the importers will not buy anything from China and that’s whats the USA is trying to do so that people would buy from them instead of from China. In Egypt it’s totally different, because Egypt mostly import so the Egyptian currency is very low. Egypt is a country that hardly exports that’s why if their currency went up, it will only effect the Egyptian economy, but it won’t effect any other country. 


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