If Yuan rises by 40%, US consumer will have pay 40% more for most of the products. This would lead to huge inflation in the US economy.
如果人民币升值40%,美国的消费者将要为大多数的商品多付40%。这会导致美国经济出现巨大的通货膨胀。
He also introduced that based on foreign practices, consumer will pay more attention to quality and brand when the average individual disposable income is over $3000.
汪前进介绍,国际经验显示,人均可支配收入超过3000美元后,社会消费将更注重品质和品牌。
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