So what you are saying is that your relative sell his Chinese manufactured equipment to the U.S., Britain, France, Germany, Australia, etc...
And we know he sells the stuff at a price that is slightly less than what it would cost Americans, Aussies, Germans, etc. to produce that stuff in their own countries...
And he pay his employees at the top of the slave labor scale...
There are no OSHA regulations...No environmental regulations...No labor laws...So his overhead is as low as it could possibly be...
No unemployment benefits, no insurance benefits...
I say good for the guy...But if I was in charge, his products would be forbidden for sale in the U.S. and the rest of the free world...
You are the type that does not want global regulations. You are probably for free trade then? I am pointing out to you what the future holds for the USofA. The USofA finds away to compete with my relative or the USofA losses.
You need to be very careful about putting US standards and judging currency rates to foreign countries. For example, Blake said the employees were paid $500/month. If this was the US, I would agree, very close to slave labor, but this isn't the US. There is a thing called Purchasing Power Parity. Based on the PPP value of the yuan vs the dollar (for most industrialized areas in China) that $500US has the purchasing power of about $3800/month. Not great, but far more than the average Chinese employee and far in what would be considered 'middle class'.