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

To: Haim R. Branisteanu who wrote (30555)	5/21/2005 5:50:32 PM
From: regli	Respond to of 116555

I used Google and then applied the personal touch <g>. The Germans themselves aren't very concerned as textiles are not a major industry there anymore. The big EU concerns center on Greece, Italy and Portugal, countries with still sizable textile industries. However, this particular issue highlights the competitive concerns with China that Europe is worried about. Just as in the U.S. there is increasing awareness that China will not go away and in fact will increasingly threaten even well established manufacturing. As Europeans are much more aware of global trends in general, this fear has festered for some time but is now getting a lot more play in the press. It is interesting to note that quite a few sources in Germany are concerned about third world countries, as the explosion of Chinese textiles on world markets affect them the most. There is no way that Lesotho, Cambodia and Bangladesh for example are in a position to compete with China and this will lead to increasing instability in the third world as jobs are lost there. Here is a good link in German: zeit.de