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To: Night Trader who wrote (39731)10/17/2003 1:01:20 PM
From: TobagoJack  Read Replies (1) | Respond to of 74559
 
Hello Martin, <<Commission Advises Congress on China’s Currency, Industrial Policies ...>>

Thank you for the heads-up. I find it interesting, that a high school student should have been able to do better than the pile of rubbish that is in the report.

Since the report is in fact not founded on reality, is muddled in rhetoric, and devoid of genuine solutions to the not very complicated issue that the US MNC manufacturing is too expensive for the stuff multinational-owned factories in China produces, and that US SME manufacturing is not competitive for the stuff that Chinese-owned factories make, the report can only engender either nothing of positive value or lead to the creation of flawed calculations and false solutions that make matters worse for the US economy (increased cost, with no additional jobs, and less revenue) broadly, and impact valuations in the predictable fashion.

All nations in aggregate has a positive trade balance with China, except the US, and so it must be due to China’s unfair practices ;0)

Let’s watch the drama :0)

Chugs, Jay