Posted on 11/23/2004 10:15:33 AM PST by CDB
“That is not sustainable,” he added. “The appreciation of the RMB will not solve the problems of unemployment in the US because the cost of labour in China is only three per cent that of US labour. They should give up textiles, shoe-making and even agriculture probably."
Yeah, let's RICO china :-)
Really, not even in Taiwan or Hong Kong? Hmm, I'll have to check my foreign holdings again, I could swear that my emerging market fund has a 4% allocation to China.
You expect to have credibility by pulling Taiwan and Hong Kong neither of which are truly parts of China?
That's just weak.
Please show me where I abandoned my call for tariffs?
And as for the ownership of China's production I can tell you that you are out of your league here son.
We manufacture in China but we don't own the facilities or the property. The Chinese government won't let us. We have tried to purchase land etc. but we are not permitted to do so.
In addition, we know very well that the chinese government has agents working in our facilities stealing our proprietary information. Again, we can't do a damn thing because we don't own a damn thing and therefore have no standing in their eyes. Unfortunately for us our stockholders demand results and want us in the chinese market due to it's size. You see they want us positioned there for the future. What they have failed to recognize however are the risks associated with that position in the present.
We have already identified two other facilities within China knocking off our products and yet again, we can do nothing.
How are they knocking us off so easily? I refer you to the agents they have working in our facilities.
Here's the best part about this. The facilities that are knocking us off? They're selling our products overseas and not in the U.S. It's a perfect copy, right down to the label.
Got some?
“They should concentrate on sectors like aerospace and then sell those things to us and we would spend billions on this. We could easily balance the trade."
Chinese squeeze play in progress. Won't work right at this time but we really do need to keep an eye on them, they are getting very aggressive financially.
Good idea, trample the human rights of your own citizens, destroy your free society and begin the descent towards war. Wonderful idea.
"If goods don't cross borders, armies will".
I found this to be interesting;
Five fastest growing U.S. exports to China, Jan.-June 2003-2004* Tobacco products: +7,914% Sheep, goats, and fine animal hair: +1,381% Ships and boats: +1,145.3% Software publishers: +579.2% Metal ores: +357.3%
Five fastest growing Chinese exports to the United States, Jan.-June, 2003-2004* Motor vehicles: +363.1% Iron and steel and ferroalloy: +236.6% Knit apparel: +177.3% Railroad rolling stock: +159.6% Magnetic and optical media: +144.2% *out of 50 largest 4-digit level NAICS products traded
Interesting, yes. Statistically significant, no.
china also imports alot of semiconductor fabrication equipment from the US - they are using it to build their own fabs, to eliminate the US from the industry. its working, all new investment by US semi companies for fabrication takes place in china.
buying cheap imports from a country that is essentially engaging in a trade war with the US by use of their currency pag, is now a "human right", whose absence will "destroy our free society"?
what claims will you free traders think up next, heaven knows.
Which means that China can only succeed by keeping their people in a state of virtual slavery.
Antiquated paradigm.
Our agriculture sector is being undermined, just like manufacturing. (Imports catch up to exports in U.S. agriculture trade)
Perhaps we should just take all our jobs back.
Wal-Mart forbids it.
If you have statistics to show that plants are closing in China and popping back up in this country to face vexatious lawsuits, overburdening regulation, and belligerent unions, I'd sure like to see it.
And this nonsense about "cheap" foreign goods gives you away. It says you think it's ok to trade so long as YOU get to set the price.
that is essentially engaging in a trade war
Essentially? There is no "trade war", authoritarian thugs make up that rhetoric.
is now a "human right", whose absence will "destroy our free society"?
Buying any legal goods from anyone I see fit is a basic human right. Anyone who doesn't want me to do exercise my human rights, must use force to stop me. They do so for their own self serving reasons.
And a free society cannot exist without basic human rights, it is then, by definition, not free, and has been destroyed.
What you people envision is an authoritarian society where some groups make the rules and enforce them, at gunpoint if necessary, for their own enrichment.
What claims will you authoritarian thugs will think up next, heaven knows.
So, boiling your argument down; it is a basic human right to buy goods from a country that doesn't recognize any basic human rights.
OK
it is a basic human right to buy goods from a country that doesn't recognize any basic human rights. a person anywhere else in the world no matter what you think of them.
If you don't want to buy from someone, don't. It's my money, not yours.
Making arrangments between two people for their mutual benefit without interference from outside parties, is a basic human right.
wow, I can't get cuban cigars, haven't been able to for 40 years. My life is over, my human rights have been violated, my freedoms destroyed. how can I go on.
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