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When the yen was trading at 245 to the dollar, of course there was great advantage to the Japanese. They saw the future and moved significant automobile manufacturing to the United States. The won on a real big bet.
They did what we used to d - build capacity in a foreign market in order to sell into that foreign market.
We remain stuck on stupid. We build capacity in foreign markets and then sell that product back into our own country.
Looks what that's doing to Japan in 2014. That country's hurting pretty bad because of its outsourcing to wherever because it's cheaper. S Korea's another 1 where outsourcing's happening more and more. Too; the cost of business is starting to bite even China in the butt and IMHO it'll be getting MUCH worse for them real soon.
Clinton and a republican congress passed free trade with China. After Clinton signed the law republicans had a party in congress where they opened a huge fortune cookie, the fortune said "trade with China will bring us all wealth."
You should have seen the smiles on those republicans faces at that party. You can see it in the Netflix documentary "Death By China."
China has 4x the population of the United states and is similar in terms of size. It is rapidly improving, but its still not a good place to live for the average person. As the country continues to develop, hopefully the workers start to demand higher wages and better conditions. It will be interesting to see if China can continue its growth as wages grow to be more competitive with the developed world.
Number two is the loneliest number since the number one. ( who said that ) What gives it more significance is the low rankings in other important areas of national progress.
"The United States finishes 16th behind Canada (7th) and the UK (13th). The Index identifies a wide range of areas in which the United States is “consistently under-performing” compared to countries with a comparable GDP per capita."
If we wanted to solve this and be all we can be, there are a number of areas we need to address and require an overall change in direction not being offered as a platform by either of the political parties.
China has 4x the population of the United states and is similar in terms of size. It is rapidly improving, but its still not a good place to live for the average person. As the country continues to develop, hopefully the workers start to demand higher wages and better conditions. It will be interesting to see if China can continue its growth as wages grow to be more competitive with the developed world.
Word is China's already in trouble because of its wages going up and fast. I bought some towels and pens a year ago and they were made in some place like Egypt or Vietnam.
Word is China's already in trouble because of its wages going up and fast. I bought some towels and pens a year ago and they were made in some place like Egypt or Vietnam.
The Chinese government has been getting aggressive with foreign companies as well (shaking them down for $), causing many to leave. But higher wages are hurting Chinese investment as well.
Clinton and a republican congress passed free trade with China. After Clinton signed the law republicans had a party in congress where they opened a huge fortune cookie, the fortune said "trade with China will bring us all wealth."
You should have seen the smiles on those republicans faces at that party. You can see it in the Netflix documentary "Death By China."
Hundreds of countries have the " most favored nation status" with the US. It's bilateral, works both ways.
China's status was restored in 1980 and renewed annually. A majority Republican Congress made it permanent and Clinton signed off on it.
Hundreds of countries have the " most favored nation status" with the US. It's bilateral, works both ways.
China's status was restored in 1980 and renewed annually. A majority Republican Congress made it permanent and Clinton signed off on it.
Trade with China is not even on a level playing field.
They are a Communist Country with many big State Owned Enterprises and where the workers have no rights.
They have tariffs against us while we have none against them.
They sell us 4x as much as we sell them.
Want to buy a Box of Fruit Loops with tariffs on it in China? It will set you back 15 bucks.
We were sold down the river by corporate and banking lobbyists that own both parties where they have no allegiance to this country
All that matters in this country is not how well the citizens are doing or how well the nation is doing in regards to the constitution as a whole, but how well dividends are doing for investors in the markets. That is all that matters in this nation.
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