Cheap Chinese made , may be not as much any more.

[mch62 (Mark)]

Price rise on the way for Chinese products.
On the financial news this morning , the Chinese Government has decided to bow to world market pressure and re-evaluate it's currency.
It is initially increasing it's value by 2.5% with more to possible folllow.
This pressure has been from countries concerned at the unfair competition of the cheaper Chinese products due to the low value of it's currency.
Bet it does not flow onto the average Chinese worker thou .
Just how much this will increase the end product , who knows??
They will now have to increase there quality controll to servive againts the competition , one would think.
Buy up quick!

[Jonathan]

That's good to hear. There are companies throughout Australia that spend far too much money in China leaving local businesses struggling to find work or in the case of many manufacturers of tooling in Adelaide, they've been forced to shut down completely. In Adelaide Holden and Electrolux (and many other companies) employ thousands of people in production line jobs but spend many millions in China getting tooling built for there production lines. All this work could be done in Australia and hopefully this currency increase will help bring the work back into Australia.