Hi BubbaFred, 20 years down the road, when 50% of foreign invested factories in China are owned by the Japanese, 30% by the Koreans, 15% by the Europeans, 3% by India/Australia/S.Africa, and 2% by the US, and when Taiwan is fully integrated with China, and when Germany starts a fifth BMW plant in Guangzhou Province, and when Chinese parliament is discussing revoking the US' most-favored nation status, there may be a debate in Congress on the subject of <<‘who lost China?’>>.
Thus my advice that the US should encourage its companies to set up businesses in China, and integrate China into the scheme as a source and as a market.
Right now, the Japanese, Koreans, Taiwanese, Europeans are already way ahead in this process.
Chugs, Jay |
