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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Ramsey Su who wrote (36161)	7/17/2003 12:17:24 AM
From: RealMuLan	Respond to of 74559

Ramsey, the way of the US gov. counting value of imports is very unreasonable. and China is not the only country complaining about it, Canada is also complaining about. The official Chinese figure of trade deficit bet. the US and China is about 1/3 lower than the official US figure. Vast majority of China's export are made of imported materials, China only make 10-20% of money for labor. But the US gov. counts the total value of the product as China's export. No. even if China floats its RMB (a pipe dream of the US), it would NOT help the US economy at all.

To: Ramsey Su who wrote (36161)	7/17/2003 12:21:36 AM
From: Cogito Ergo Sum	Respond to of 74559

Hi Ramsey, Are those shoes counted as imports from China? I don't know but when I went over I imported lots of North Face, Polo etc. and a pile of Cloisonne back to Canada... Not to mention a pile of reasonable Rolex facsimiles ;o) On the competitiveness I guess I should shy away from those one liners. Jobs and manufacturing aren't moving to Europe but they are to Asia and specifically ROC. China is viewed as up and coming and hungry (which they are) whereas much of Europe is viewed as a morass of high taxes and social welfarism that will never really be competitive again in a broader sense.. regards Kastel EDIT: Another 'mid boomer' eh! me too.