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

To: TobagoJack who wrote (40803)	11/4/2003 12:18:35 AM
From: AC Flyer	Read Replies (1) \| Respond to of 74559

<<imports of Chinese nails grew by nearly 120 per cent>> I read the article you linked to, Jay. Interesting. China is more of an opportunity than a threat for the US economy, imho. For many reasons. Not the least of which is that there are many more rewarding ways to put bread on the table than working 8 hour shifts in commodity manufacturing. My advice to those who are concerned over the loss of "good" US manufacturing jobs to China is to go work one of those "good" jobs for a few weeks then see how you feel. The big picture is that China is just the next wave of a 50 year trend, with low-value-added manufacturing activities moving elsewhere thus facilitating the opening of new markets for more sophisticated US products and services. >>What are the economics of alternative sources?<< I do business with both Chinese and Taiwanese manufacturers. My Taiwanese suppliers are quite competitive on price, despite the apparent handicap of a floating exchange rate. I have no concerns over tariffs or trade sanctions against China, for that is not in the USA's best economic interest.