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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (20242)	10/19/2004 8:46:23 AM
From: RealMuLan	Read Replies (1) \| Respond to of 110194

>>manufacturers are having a tough getting slave labor now, as more people choose to stay on the land. Life is better out there, especially as food inflation has benefitted farmers. << Exactly. Wen's agricultural policy (e.g. phase out all agricultural taxes, and give farmers subsidy to encourage them to farm – 11 billion Yuan in the first 9 months this year, not much, but a good start and unprecedented in China) starts to work! Some factories in Guangdong already forced to raise the pay and give more benefits for workers. As for the lower profit, I have no sympathy whatsoever for those sweatshop owners (95% of them are from Japan, S. Korea, Taiwan and HK). I heard plenty of them have the contract but no workers showing up<g> As for RMB appreciation, China will revalue at a time the least expected. The more you heard from the media, especially the US media, about the issue, the less likely China will do anything<g>.