Non-earthquake China News of Import
First, I used to live in Sichuan and my heart goes out to those folks who are suffering there. If you would like to help the people of Sichuan, go here: Chinese Charity. Don’t let the concern “I don’t know if the money will really get to the people” stop you from doing the right thing.” People do need help.
Second, if you want to know about the “Great Firewall” go here: Chinese Internet explained. It’s quite a good article, even if it’s a bit simplistic and tries to be very PC and non-judgmental (which I hate; he he he).
Third, Burma is China’s problem. As are Sudan, Nigeria and North Korea. But Burma is looking at more than 100,000 (some say up to 400,000) people dead and more on the way as disease and malnutrition start to impact the survivors. Support of this regime is a business decision for the Chinese government.
Fourth, except for most of paragraph 3, this WSJ article is complete crap. Unfortunately, even good publications in a free society have the right to publish garbage.
Fifth, labor rates are going to go up again in Guangdong. I guess I’ll be moving soon.
Sixth, you want to know why you can’t compete with China? The factory is making zero. Really. Side note, if you’re not reading FEER, you should be—of course it’s expensive and the online tools you have to use to read it digitally really really SUCK! But the info is great.
Seventh, If you’re not selling in China, you should be. As deflation from low China prices helped the US economy over the last decade, the new buying power may help pull the world’s largest exporter (yes, it’s still the US) out of its economic slump.
2 Responses to “Non-earthquake China News of Import”
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I am coming from the site http://getinternationalclients.com where a reference to this article was posted. Your post had me captivated and I love that you have a reference for every point you bring up - until the end.
In 2005 Germany became the worlds largest exporter, and has remained there since. In 2007 China moved up to position number 2.
The only way the US could have moved up over both Germany and China is if the horrid exchange rate made the numbers do a little shift. Measuring in Real Products, it is Germany and then China. China is expected to be number one in 2009 or 2010.
http://en.wikipedia.org/wiki/List_of_countries_by_exports. I stand corrected! According to (the always accurate Wikipedia) both Germany and China are ahead of the US now in terms of Exports. Thanks for the update.