World's richest man says China should lift wages

[Jose]

TIJUANA, Mexico Oct 20 (Reuters) - The world's richest man weighed
into the argument between China and the United States over currencies,
saying the dispute could be resolved if China raises wages for
workers.

Rather than drive each other's currencies lower, China should give
people more wealth to improve their lives, Mexico billionaire Carlos
Slim said late on Tuesday.

"Then China would have greater purchasing power. The domestic market
would be bigger," Slim, currently ranked the world's richest man by
Forbes, told reporters at a business summit in this border town.





http://www.reuters.com/article/idUSN1915150020101020

[T***@gmail.com]

Excellent idea, there are more than a billion people that can buy chinese
and then China doesn't have to export to the USA. That would mean the en of
Walmart and the similar.

T.Schmidt

Post by Jose
TIJUANA, Mexico Oct 20 (Reuters) - The world's richest man weighed
into the argument between China and the United States over currencies,
saying the dispute could be resolved if China raises wages for
workers.
Rather than drive each other's currencies lower, China should give
people more wealth to improve their lives, Mexico billionaire Carlos
Slim said late on Tuesday.
"Then China would have greater purchasing power. The domestic market
would be bigger," Slim, currently ranked the world's richest man by
Forbes, told reporters at a business summit in this border town.
http://www.reuters.com/article/idUSN1915150020101020