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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: RealMuLan who wrote (34102)7/24/2005 2:47:30 AM
From: GST  Read Replies (1) of 116555
 
The China price for a vast array of goods is substantially lower than their nearest competitor. That, combined with ample opportunities to improve productivity in labor intensive production can offset 5% per year in currency appreciation. China is cost competitive but it would be a little silly to talk about the "profit margin" of all Chinese produced goods.
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