wrote in message
...
Montblack wrote:
("Judah" wrote)
So illuminate. What exactly is the scope of what's happening in
(industrial) China?


Phenomenal growth and potential for more growth.

Phenomenal growth by selling at a loss with potential for a total
economic crash.

China can't sell at a loss long enough to drive all the competition
out of business, part of it maybe, but not all of it.

You think China is selling for a loss? That isn't my take of it.

They sell cheap because they are labor intensive, and their labor is dirt
cheap... Pennies on the dollar of what employers in the US pay. Add to
that, they have little control on emissions, and disposal of hazardous
waste. There is no OSHA to look out for employee work conditions, and they
are in many cases deplorable. On top of it, they use the cheapest material
to do the job, and mostly, cheaper materials than are needed to do the job.
Much of their steel is of such low quality, that it is unsuitable for any
heavy use for any reasonable period of time.

Eventually, all of these things will turn around. Just as how in the 60's
"Made in Japan" meant that it was probably junk, they turned it all around,
to the point that their goods are generally very high in quality. The cheap
production turned to another developing part of the world, and the cycle
repeats itself.; again and again.
--
Jim in NC