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To: pater tenebrarum who wrote (26109)	12/21/2001 6:05:30 PM
From: GraceZ	Respond to of 209892

. i expect however that China's accession to the WTO could turn out to become a big blow to Japanese domestic manufacturing. Absolutely.

To: pater tenebrarum who wrote (26109)	12/21/2001 6:24:04 PM
From: SunSunM	Respond to of 209892

It's happened to Hong Kong, Taiwan and possibly Korea already.

To: pater tenebrarum who wrote (26109)	12/22/2001 1:01:33 AM
From: ajtj99	Respond to of 209892

Japan has been steadily moving production to China. It is driven by extremely low labor costs and available labor. I am not aware of that many export benefits China has from being in the WTO. For example, many Chinese goods have been duty free in Canada for years, and duty on goods exported from China to the US does not vary much from any other country. I believe North America accounts for over 45% of China's exports, although that is going by memory. Japan's inability to do anything but export its way out of their economic mess is a bigger problem, IMO. Their consumer market is inefficient, and it needs to be a greater engine of growth in order for Japan to have a sustained recovery. I know deflation is a problem for this short term, but long term it is something that needs attention, IMO. By the way, I know you are on an entirely different level of understanding than I when it comes to economics, so please be kind when you slay my opinions <G>.