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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: jrhana who wrote (14190)	10/28/2004 12:34:14 PM
From: RealMuLan	Respond to of 116555

>>China would have no interest in a plebiscite?<< No. No need to. As for Kerry, I think he is just bluffing<g> If he wins, he will have to tune down. As for trade war, I couldn't wait to see it happening<g>. Let's see who will get hurt most. The latest figure, >80% US imports from China are made by the US companies. Those are the ones will be hurting! Of course, it will affect China employment number somewhat too. But since China gets those manufacturing jobs at the razor thin profit, as well as leaving tons of environmental problems, not to mention consume plenty of energy which China does not know where to get enough of it, so maybe it is actually good for China in a long run. BTW, I saw a German wrote an article said in a couple of years, 1/3 of foreign companies will withdraw from China. He cited a couple of reasons, increasing workers salary in China... lower profit in general. So even without Kerry do anything, the outsourcing trend may be reverse itself. There is this one Chinese guy who wrote a book on how and why 11 big multinational companies failed in China, those companies include P&G, Fuji, Whirlpool, and other big names. A very interesting book, although have not seen its English translation yet. And Chinese gov. just recently allows insurance companies put money in stock market, and some one said this is for the sake of making sure the smooth ride for the big 4 banks offering on the market.