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To: redfish who wrote (13809)	11/17/2004 11:49:43 AM
From: Sun Tzu	Read Replies (1) of 20773

Frontline had a program on Walmart last night. But the part that caught my eye was about Walmart. At one point the reporter interviewed Long Island portal authority and asked: - how much goods is in the port from China, - answer ~$34B. - What are the goods? - answer microwaves, TVs, consumer goods. - Ok, how much are we exporting to China from this port? - About $3B. - And what are we exporting to them? - Mostly raw material: scrap metal, paper waste, rubber, etc. Seems to me at least with regards to China, US is the 3rd world supplier of cheap material and they are the finished goods provider.

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