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![]() 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 |
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"Morgans" wrote in
: they have little control on emissions, and disposal of hazardous waste. Bit like New jersey. There is no OSHA to look out for employee work conditions, and they are in many cases deplorable. Bit like the meat packing industry. On top of it, they use the cheapest material to do the job, Bit like the auto industry. 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, Already have in many cases. I bought a musical instrument made in china that's a direct ripoff of a US product and it's made of very high quality material and very good workmanship. It's about 85% as good as the original and cost about 10% of the price.. Bertie |
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Morgans wrote:
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. That's part of it, but if Chinese companies were selling at a profit they would be able to service their bank loans, which they can't. -- Jim Pennino Remove .spam.sux to reply. |
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Mxsmanic wrote in
: writes: That's part of it, but if Chinese companies were selling at a profit they would be able to service their bank loans, which they can't. I've seen worse: The American government cannot survive without borrowing from the Chinese. Seen worse? What, in your magic eight ball? Bertie |
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