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To: ninenot
Of course they turn and make a profit relative to what they are doing. Otherwise they wouldn't do it. SE Asia has done well doing that, and now China is taking it away from them.

The point I was making is that China is doing the back office type of things. They are not out front doing things, which is where the real money is.

The PRC serves as the "contractor" for all labor in Red China. GE simply writes one check to the PRC, who then is supposed to pay the workers--but nobody knows with certainty exactly who gets paid what.

Things aren't nearly as simple as you say. Really it doesn't work like that...with one check being written to some party hack...

86 posted on 07/04/2003 5:29:36 PM PDT by maui_hawaii
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To: maui_hawaii
OK. My report came from the ex-CEO of a large manufacturing concern, ($400MM) part of Halliburton. He could be wrong.

Please advise your experiences.
92 posted on 07/05/2003 7:28:29 AM PDT by ninenot (Joe McCarthy was RIGHT, but Drank Too Much)
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