FACT is China makes 54% of the world's steel and most of the electronics 9 billion people use. U.S. makes no consumer electronics not even our own.
You know. You said "their currency which is undervalued by a factor of 50"
Do you have any proof their currency is artificially undervalued by 98%? Or did you just pull that out of an orifice?
In a free market prices would even out and workers would make about the same .
Bzzzt. Wrong. More productive workers make more than less productive workers. That's why 11 million American manufacturing workers can produce more than 100 million Chinese workers and still make more than 50 cents an hour.