Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Moominoid who wrote (55397)	8/27/2006 10:36:56 AM
From: RealMuLan	Respond to of 116555

Textile factories have been starting to move out of China since late last year. As a matter of fact, they are the first bunch to move, NOT due to the higher labor cost, BUT due to insufficient cheap labor as well as the Re-enforced quota by EU and the US. Many Chinese workers simply REFUSE to work for 14/hrs a day, 7 days a week for pennies in sweatshops. Thousands of textile sweatshops cannot fulfill their contract and have to go to Vietnam and other countries. And the latest news is that China to the US export of textile has declined in the first half 2006.