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Strategies & Market Trends : True face of China -- A Modern Kaleidoscope
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To: RealMuLan who wrote (636)11/18/2006 5:38:54 PM
From: RealMuLan  Read Replies (1) of 12464
 
But WMT and other big (US)/multi-national companies are NO angels either! Oftentimes, the money they pay to those sweatshops are way too low that the sweatshop owners have to cheat in order NOT to lose money.

Even with this kind of abuse/cheating going on, those sweatshop owners have NOT made big profit. Their average profit is 1-3%! And that is if the US/foreign buyers pay them on time. Quite often, the Chinese exporters CANNOT get paid on time, and some of them did NOT get paid at all!
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