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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Mark Adams who wrote (2029)	11/11/2003 5:52:10 PM
From: RealMuLan	Read Replies (2) of 110194

>>A significant portion of what we “import” from foreign countries actually represents intermediate goods produced by foreign subsidiaries of U.S. companies, or companies formed by direct U.S. investment into those countries. << 60% of China's exports to the US are for US companies, to be exact. >>If a Nike factory in China makes shoes sold in NYC for $150/pair, how do you parse the money spent on Chinese factories and labors, and who ultimately benefits?<< that should be pretty easy. Chinese factories and labors are NOT the ones who ultimately benefit. The CEOs of those multinational companies and distributors are the ultimate beneficiaries. I am not sure about Nike shoes, but I read that a Japanese manager from a high end Japanese clothing store said, for each jacket they made in China, they pay only 50 Yuan to the Chinese factory (the worker could only get a part of that 50 Yuan), and they sell the jacket for 4,000 Yuan a piece in Japan. So who are the ultimate beneficiary?? Is that hard to tell? The story is not much different for the US imports.

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