Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Raymond Duray who wrote (55811)	11/10/2004 9:32:05 AM
From: RealMuLan	Read Replies (2) of 74559

Ray, it is alarming. And considering the extremely low margin of all the made-in-China product (I posted an article about how much Chinese usually get-- <6% of the product price, and that is, if they got paid. And in one extreme case, Chinese got paid 26 cents out of a $69.99 retail value merchandise, talk about the exploitation!). And this 100 billion unpaid exports (from China) just starts to show up in Chinese media. And hopefully, some English media will pick it up. No, you won't see a detailed list of where those US$100 billion "account receivable". That figure is just an estimate, a reasonable estimate. The actual figure might even be higher, and it is increasing fast. What we do know is one single debt management company in the US has received >US$30 million "business" from Chinese exporters in one single year (2003). Again, companies usually keep it a secret until they could not any more. That is to file bankrupcy.

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