After Long Boom, China Faces an Industrial Downsizing

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Dont Blame China. Blame the Clinton Administration for all the jobs in the US going to China. Clintons had chinese in the whitehouse bringing suitcases full of $$$ and American business with support of INVESTMENT BANKERS shipped the jobs offshore to make more $$. The Investment bankers have NO loyalty to any American business; they just want more profits; and it was a way to insure cheap labor, cheap products, Junk products. Perhaps someday the Investment Bankers will wake up and bring the business back home; where there will be NO workers to do the work; as the US GOV has made everyone LAZY by offering retraining education, free this free that, and making AMERICANS lazier. Americans were greedy because the GOV made them lazy with all the freebies; however, they were short lived.
Everyone Complains about LOSS of jobs; however, NO ONE wants to really work. Illegals have NOT TAKEN away American Jobs; politicians and Investment Bankers have done that; with cheap labor, cheap products and taking away the tax base from America along with the jobs. There were people that WOULD work, and the Gov made it too easy NOT to work. Illegals did NOT take the jobs; they filled some jobs that Americans were too lazy to do; yet, We americans complain all the time. I knew China would one day have the same problem that the US has...lazy workers wanting MORE MORE MORE. The One child per family is going to haunt their labor market somewhere along the line; their tax incentives cannot continue. Business MUST have profit to survive in any economy; EVEN in CHINA; as PEOPLE will demand MORE MORE MORE; and the Olympics going to China is a speedier vehicle for the Chinese People to SEE what the world outside of China is....... What goes around, comes around and back again....even in China; because PEOPLE that see prosperity elsewhere, will always want MORE for themselves ALSO (CHINA)

strawberry of NC 3:24PM July 30, 2008

Each country has there own problems, so china is the same. there are a lot of current issue must be conquered, but We should trest china can resolve all this economy problems and become one of a very important rule all over the world that will help the world economic increase at future.

Harmony World 6:53AM July 29, 2008

This is an excellent example of the difference between Foreign Competition and Illegas. When trade is international, the value of currencies eventually adjust even when minipulated to ensure employment. (PUSH & SHOVE) Illegals when used to lower cost of production hurt a countries workers.
Nike can't afford to make sneakers in Mexico because they would be more expensive to make. Viet Nam or Cambodia seem more likely
China IS fueling its own economy, and will recover nicely after a few bumps.

Guy Greenwood of CA 12:26PM July 28, 2008

If China no longer want to make sneakers and Happy Meal toys, let send that work and money down to Mexico. How many trillions of dollars have we pumped into the Asian economies. Let's give our friends down south another chance. I bet it would resolve a lot of the illegal immigration and border problems.

Ray of MN 8:16PM July 23, 2008

China can be successful forever. What goes up will eventually comes down. This is what is going on in China at the moment. It's just simple economics.

China Bust of AK 5:09PM July 23, 2008

Because The USA has a blend of all nationalities we have taken the cream from all the genetic mixes. We have a genetic BROADBAND which China will not reach in the near future!

Steven O Shaw BBA LUTCF MSM MSFS of WA 2:49PM July 23, 2008

I remember when Japan was going to buy up all the real estate in America and make AI mainstream by 1990 too. What happened?
Let's hope China doesn't go into a 15 year recession like Japan did.

of 2:05PM July 23, 2008