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Comparative advantage

Looks like China's "competitive devaluation" has blown up in its face 'ey? This or the Politburo (the non-capitalists that they are) have not yet heard about British economist David Ricardo's theory on comparative advantage.

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Read more: USChinaFedDavid RicardoPolitburoNASA MarsAndy HaldaneJanet YellenAustraliaBank of EnglandBeijingBrazilBusiness Dictionary.comCanadaDirector Christine LagardeEarthIMFLes EchosNational Bureau of StatisticsNBSNorthern IrelandPM LiPortadown Chambers of CommerceSouth AfricaUKWorld GDP