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To: Toddsterpatriot
RE: "manufacturing jobs have been disappearing worldwide. Even in China. But a conspiracy is so much more satisfying than the truth."

China is losing "manufacturing jobs -- if you count those old worthless Mao-era state-owned enterprises as manufacturing. Many of them are responsible for the Chi-coms' banks' nonperforming loan problem. "Loans" to inefficient state-owned enterprises are not repaid and are needed to keep from cutting more jobs thus increasing the growing unrest among the tens of millions of unemployed.

Manufacturing jobs are being cut by closing inefficient state-owned enterprises (SOEs).

Manufacturing jobs are growing in China's special economic zones. Here is a news item excerpt from a Yahoo! Asian source:

"China's soaring productivity stems from downsizing and restructuring of public companies, and upsizing of foreign firms and firms with foreign investment as well as private domestic Chinese producers, according to the study." [End excerpt]

It's an insult to equate worthless Mao-era state-owned Communist "enterprises" with Western free market private enterprises.

China losing real manufacturing jobs is spin that would make a whirling dervish envious.

598 posted on 01/03/2006 6:05:25 PM PST by WilliamofCarmichael (Hillary is the she in shenanigans.)
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To: WilliamofCarmichael
Manufacturing jobs are being cut by closing inefficient state-owned enterprises (SOEs).

Yes, less efficient operations world wide are shutting down which is why manufacturing employment is shrinking while manufacturing output is rising. Even here in the US. And we don't need a conspiracy to explain it.

601 posted on 01/03/2006 6:24:35 PM PST by Toddsterpatriot (The Federal Reserve did not kill JFK. Greenspan was not on the grassy knoll.)
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