View Single Post
  #6  
Old November 29th 07, 12:12 AM posted to rec.aviation.piloting
C J Campbell[_1_]
external usenet poster
 
Posts: 799
Default RIP Cessna...Skycatcher

On 2007-11-28 13:37:55 -0800, "Darkwing" theducksmail"AT"yahoo.com said:


"Mike Schumann" wrote in message
.. .
The are going to regret not building these in the US if the $ continues
its downward spiral.

Mike Schumann


The Chinese money (the Yian or something?) is tied to the price of the US
dollar so even if the dollar falls the percentage doesn't change. That is
actually something that is a matter of contention with other countries at
the moment.


After much pressure by the United States, as of July 21, 2005 the yuan
was no longer directly tied to the dollar, although it is not quite
free-floating, either. The yuan has been rising against the dollar of
late, although it was down slightly today.
--
Waddling Eagle
World Famous Flight Instructor