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To: dennisw
"How retarded is it to think that our humongous trade deficits are not suicidal?"

I think that everyone, except out and out traitors, are beginning to get it.

40 posted on 07/11/2005 7:56:59 AM PDT by jpsb (I already know I am a terrible speller)
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To: jpsb

Only 5 replies? Article must have not fit the pessimists agenda.

http://www.freerepublic.com/focus/f-news/1436052/posts

Chinese City's Allure Fades for Some Firms

DONGGUAN, China — Thousands of foreign businesspeople, primarily Taiwanese, helped turn this southern Chinese city into one of the world's busiest export manufacturing centers.

Now, amid rising wage and pension costs, energy shortages, tighter government regulation, traffic bottlenecks and other concerns, some of them are starting to look elsewhere. Their restlessness reflects a dark side to China's economic boom, as growth pains and other issues prompt companies to reconsider starting up or expanding in China.

Chang Han Wen is having second thoughts. He came here from Taiwan in early 1991 when the area was still largely farmland, launching a shoe assembly line with 200 workers. He has since opened five factories, including three shoe plants that employ 3,000 people and produce 1.5 million pairs of specialty boots and high-end shoes a year for export to the United States and Europe.

But his sixth plant, a garment operation, sits empty. Chang has indefinitely postponed its opening, anxious about China's tense trade relations with the West and the threat of more quotas that would limit clothing exports. That's only part of his worries.

This year Dongguan's minimum wage jumped more than 27%. Even with the increase, employers are struggling with worker shortages. Government inspectors are making the rounds at factories, enforcing work-hour rules and pension contributions that officials paid little attention to in the past. Electricity is in short supply, as is fuel.



More
http://www.freerepublic.com/focus/f-news/1436052/posts


41 posted on 07/11/2005 8:03:42 AM PDT by listenhillary (The interests of Muslims and interests of socialists coincide in the war against crusaders~OBL)
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