Quote:
Originally Posted by Rochard
Pretty much.... Exactly what you just said.
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Which is 100% wrong. 50+ years ago I worked in the garment industry. This was a time when Honk Kong started to export cheap real rubbish clothing into the UK. Today china is a leading countries in G5 technology, being asked to build nuclear power stations, turn over any computer of phone and they're made in China or similar, HSBC are leading bankers and now exports so much it's a major world economy. Will it stop now or will they want even more of the West's industries and finance?
When will China make all your cars, vans and trucks?
What industries will China leave the West?
Unless a re-balance of trade is achieved what jobs are left, who will buy what you're trying to sell.
Stupid people think this will reduce prices in the West, it's because prices are so low on goods made in the 3rd that we've allowed them to take so much.
Stupid people point to the stock markets and the way they've dropped. Large corporations are geared and profit from the export of our jobs, don't expect them to offer any help. US and EU businesses make money by using low cost Chinese manufacturing to supply wealthy US consumers. While the rest are getting poorer. The wealthy consumers had better be careful unless they are employed by a Chinese company.
China shows no signs of stopping it's advance at the expense of the West.