Hangover after China's party?

Carol Ann, Houston, Texas — Tue, 19 Aug 2008 23:44:49 GMT

Great!! When the price goes up, we will stop throwing away the inferior products coming out of China and take them back to the store for a refund...
Don't believe me? Go to Home Depot and buy a phillips head screw and try to get it in the wall before the head collapses.

Hangover after China's party?

Jenny, Kennewick, WA — Wed, 20 Aug 2008 00:06:43 GMT

I'm glad to finally see that we are slowing down our "money pumping" into the humanity bankrupt Chinese economy. It's terrible enough that the olympics were chosen to be there. I'm wondering what McCain's plan is for limiting outsourcing if he becomes president, I heard Barack mention that he wanted to stop the tax credits for American companies outsourcing their products/labors. I'm concerned about the poor citizens of China, hopefully (but doubtful given how little the communist structure cares about it's citizens) the poor factory/industrial workers will be able to find another means to support themselves, I'm assuming that the government won't give a hoot about their well-being.

Hangover after China's party?

Carmine Olivieri — Wed, 20 Aug 2008 00:13:00 GMT

"Dong at Credit Swisse agreed."Watch out," he said, "the prices in Wal-Mart, Home Depot, Motorola, they're going up." "

I can't agree more and lets agree that means inflation to middle class Americans

Hangover after China's party?

Amy, Tempe, AZ — Wed, 20 Aug 2008 00:18:38 GMT

It is unfortunate that everyone feels that cheap prices on oil, consumer goods, housing, etc. can last forever. What world leaders, as well as business leaders, need to evaluate is what happened in the past. Has anything really ever been permanent? Have economic, social, geographic, religious variables stayed static, never flucuating? The world we live in is dynamic and the sooner we realize that (everyone) than the sooner we will be capable of true adaptation. I hope we get to that point soon.:)

Hangover after China's party?

raul rodriguez — Wed, 20 Aug 2008 00:22:12 GMT

i think it is good news for the american people and i hope those american companies star investing in their own country and stop giving money to those goverment like china than besides violating human rights every day to their own people they consider us their enemies

Hangover after China's party?

EHartley — Wed, 20 Aug 2008 00:38:38 GMT

bring them back to us factories.It is now time to wake up world.We are a mess everywhere.All in the name of Greed.

Hangover after China's party?

Dave Toledo Ohio — Wed, 20 Aug 2008 00:45:52 GMT

It's about time that the Chinese are forced to reap what they sew (both figuratively AND literally). I am willing to pay more for a quality product that is made in the USA versus the the Wal-Mart quality crap that is thrust upon us from China.

Hangover after China's party?

PC, Brooklyn NY — Wed, 20 Aug 2008 00:53:52 GMT

http://articles.moneycentral.msn.com/Investing/Extra/ChinaSetToTrumpUSInManufacturing.aspx

What this article doesn't tell you is that China doesn't want to be the cheap crap manufacturer of the world forever. The Chinese government is allowing this to happen so that and giving incentives to do value added manufacturing. This is typical of NBC's China bashing dept.

Hangover after China's party?

Mikestafa, Orange County, CA — Wed, 20 Aug 2008 00:54:15 GMT

As the Olympics wind down, the speed at which growth & commodities are falling will increase. Housing/Financial Bust = Debt Market Collapse = US RECESSION = Lower US demand = Lower World demand = Lower Chinese Exports = Lower demand for oil, steel, copper, concrete, lumber etc = DEFLATION... this unprecedented and unique Global downturn will be studied in Economic Courses throughout all the major Universities of the world. Naysayers will look like fools, Pariahs with correct forecasts will look like Prophets and in the end the Rich will get richer somehow and the poor will continue to be slaves to this ubiquitous system. And this will probably happen again in the next 50-75yrs. Read between the lines sometimes and you might be able to keep yourself out of the "poor" category.

Hangover after China's party?

Mikestafa, Orange County, CA — Wed, 20 Aug 2008 00:55:14 GMT

Hangover after China's party?

stephen A Herbert Webster New York — Wed, 20 Aug 2008 00:57:33 GMT

"China" welcome to the world of supply & demand & bubbles !!

Hangover after China's party?

Dan — Wed, 20 Aug 2008 01:00:35 GMT

Excellent post, but it ignores the flip side, which is that China's retail and service sectors are booming and foreign companies are rushing into those markets. China is moving from being the world's factory to a nation with a helluva lot of consumers.

Hangover after China's party?

David — Wed, 20 Aug 2008 01:03:00 GMT

With so many of our products now manufactured in China it will be very interesting to see what transpires this year. Most of our suppliers have given no indication of a potential shuttering of factories - after reading this report we're now seriously considering if delays over the last few months are not the result of customs or shipping but instead factory delays.

Hangover after China's party?

LUIS, TAMPA, FLORIDA — Wed, 20 Aug 2008 01:07:00 GMT

The free world America is showing the whole world, It is time for fair treatment, no cheap labor and no profits just for the rich. If the rich share with the backbone of there company the people, then we can do better. What country has better workers then America? none, we are not slaves we are people. GOD BLESS AMERICA

Hangover after China's party?

James, pittsburgh, PA — Wed, 20 Aug 2008 01:08:18 GMT

i think the article overlooked something. The quake rebuilding would be many times that of the Olympics, and last for years to come.

Hangover after China's party?

Island Guy, Gabriola Isl, BC — Wed, 20 Aug 2008 01:08:42 GMT

The possible downturn in exports to the US also will have an impact on the US government's ability to run big deficits using China to buy its treasury notes to recycle all the surplus US dollars it has been accumulating.

Hangover after China's party?

Mikestafa, Orange County, CA — Wed, 20 Aug 2008 01:09:22 GMT

Hangover after China's party?

Louis Baratta — Wed, 20 Aug 2008 01:13:13 GMT

China is too greedy, manipulative and corrupt to withstand any downturn for any long-term period of time.

Hangover after China's party?

Jeff H, Los Angeles, CA — Wed, 20 Aug 2008 01:44:02 GMT

If the world is flat and there are few barriers between regions, then a US economic downturn has to eventually be felt by China. The search for cheaper labor will never end, this is a consequence of rising costs and standards of living everywhere. It is also the inevitable outcome of a global economy that is relentlessly focused on profit margins and low consumer prices. Luckily for China, no other country in the world can match its manufacturing labor force. It can only lose a certain amount of work to other countries, low prices notwithstanding. And they have a headstart on their manufacturing infrastructure. China has ridden the upside of capitalism for a long time, and now will have to feel some of the downside, but they can emerge stronger if the government takes advantage of this golden period, and diversifies their economy. China is still in an enviable position.

Hangover after China's party?

Rod Kowalski,Tacoma WA — Wed, 20 Aug 2008 01:51:08 GMT

First
And if anyone did'nt see this coming it is because they did not want to. When the US shifted from a Capitalist State to a Consumerism State we fed China untold amounts of money to produce products we had always manufactured.
Now, we have little manufacturing, (the real backbone of a solid economy) too much debt and we are not consuming enough to offset China's increasing energy and labor costs. BOO HOO.
Let them try making a buck on an even playing field with Union Labor, EPA regulations and disproportionate import to export ratios.
The story quotes one of the players as saying " Americans will have to pay more" Let that be a wake up call to all of you. Call it the Wal - Mart philosophy on Steroids. When there is only one game in town, the price does not stay "lowest every day" It does not have to.
There is hope, return American investment dollars to this country, un mothball the factories, get the dependent class off their lazy buts and get to work creating good products that the working class can afford to buy. Export to import ratio alignment would bring stability for the future of the jobs and stop unfairly favoring cheap, dirty, cookie cutter knock off products from places like China.
Watch our economic status stabilize and continue to be based on something other than papaer money and hedge fund fees and profits.

Hangover after China's party?

Steve — Wed, 20 Aug 2008 01:52:50 GMT

What about the 2110 World Expo in Shanghai? And, whats happening with the real estate bubble?

Hangover after China's party?

Mike Powers — Wed, 20 Aug 2008 01:53:05 GMT

The dollar will continue to devaluate, as the U.S government has in fact taken on 5 trillion more in debt through bailing out Fannie Mae, and Freddie Mac. Oh, they will spread it out over 5-10 years, but that is the fact. We have just added 50% to our national debt, and the world knows it. Foriegn goods, items manufactured in China (not to mention foriegn oil) will become significantly more expensive. This happened, on a smaller scale, to the domestic machine tool industry in the 80's. The Japenese displaced thousands of high paying, skilled U.S jobs with preditory pricing, and a distorted exchange rate. After the exchange rate flip flopped, we were left with fewer jobs, and higher priced goods. The same thing is happening with China, but on a much larger scale. Moving materals across the ocean requires oil, and it will not get less expensive. Chinese wages will only go up. Which is less expensive, goods produced in a highly automated domestic factory, or goods produced in a labor intensive Chinese factory, and then shipped thousands of miles to the domestic cosumer?

Unfortuneately, we have given up the manufacturing capacity, and associated jobs, necessary to produce what we consume domestically, so we are stuck with inflation, no jobs, no savings in the bank, consequently no capital for banks to leverage for loans to fund expansion of the economy, and reduced taxes on reduced economic activity.

We are hooked on foriegn oil, and foriegn goods. Our government, Republicans and Democrats alike, have sold us out to the free traders for decades, yet use tax payer money for bailouts. We accept all the risk, but the top 1% (ultra rich) get the rewards.

We need to enforce trade laws. We need protective tariffs that compensate for the Social Security, Federal Unemployment, State Unemployment, Minimum Wage, O.S.H.A., E.P.A., and Health Care costs our domestic employers must pay. We must reduce business income taxes to zero. Profits will flow into the individual 401K and IRA accounts that own our domestic corporations. The middle class will survive! Tax revenue will come from significant income taxes on the wealthiest 1%. If they don't want to pay tax on it, they can control it by giving it away through charitable organizations.

THIS CAN HAPPEN QUICKLY. It only took China 20 years to accomplish what took America 200 years to accomplish industrially. If we substitute conservation for consumption, and vote with our dollars, we consumers can control our destiny. Don't leave it up to the politicians. Spend your money with your neighbor.

American consumption does not equal American success.

Hangover after China's party?

Niko Falcone — Wed, 20 Aug 2008 02:00:43 GMT

It's only right that China begin to understand (feel) what the rest of globe, save for maybe Brazil and Canada, are experiencing. Perhaps they will now understand that the economic health of other nations is directly related to their own country's economic success. Fostering, that's the idea anyway, a more amenable approach to their relationships with other countries as well as their own population.

Hangover after China's party?

Joe Radmacher, Kansas City, Mo — Wed, 20 Aug 2008 02:09:25 GMT

What goes up has to come down. The faster you climb the faster you fall. We are a global economy that has done very well for many years. Most of the world's citizens have gotten the disease called Instant Gratification. We no longer save our money and buy it with cash instead we buy it on credit. We are headed into the worse credit disaster in history. It is already evident in the United States housing industry.

The real price of any good is set by what someone will pay for it and what they can afford to pay. If they can get it on credit they don’t look at the total price tag but rather the monthly payment. Once consumers wake up and realize that all of these small monthly payments out pace their income they panic. The panic starts locally but in the end it will feel globally. Fancy loans with adjustable mortgages have caused and will continue to cause a glut of foreclosures. The real value of houses will continue to fall.

We are going to go through a major adjustment of credit and the real value of commodities. Buying stuff has become a real addiction that is causing more pain than can be preserved. It is ruining families in many different ways. We all need to realize what really makes us happy. Stuff will never make you happy, living below your means and having good relationships with your family and friends is much more rewarding that having the latest iPod.

Hangover after China's party?

Frank Yuan, shenyang, China — Wed, 20 Aug 2008 02:25:16 GMT

I look for a balanced development, which should be more fit with our trdition and culture.

Hangover after China's party?

Jeremy, Boise, ID — Wed, 20 Aug 2008 02:27:48 GMT

Boom and bust, welcome to the free market China.

Big business took advantage of you, low wages, as soon as you begin to start a middle class, they abandon you. They've already abandonded their home countries, such good old US companies.

We can now all shop at Wal-Mart, work at Wal-Mart, worship at Wal-Mart, visit the doctor at Wal-Mart, we have a wonderful global economic future with Wal-Mart :)

Hangover after China's party?

Joe ( From China) — Wed, 20 Aug 2008 02:28:13 GMT

Damn this sounds bad! We are going to see 1.3 Billion pissed off Chinese looking for Jobs. I do not want to be in any Chinese Governemnts shoes this couple of years. I'm sure we will see alot of riots in China due to the slow down in Export and the closure of factories! Good luck to China!!

Hangover after China's party?

Princess Elisa Tallano* grand daughter of King Ferdinand of Spain — Wed, 20 Aug 2008 02:42:51 GMT

please understand that Guangdong province is a private land for my clan and that we order to remove all the people in our land because that was a gift of love of my ancestors and that we are setting up the biggest bank oin the world . TYhank you for mot misunderstanding this matter . We owned the land that is Guangdong , a gift of love with mortis causa from Mao Tse Tong . thank you . We are going to improve China in the next coming of months , China is always the top of the world because it is in the lions gate.The world have change and it is only the beginning of the new world of change . What you own is being return because that is inheritance and that all will be given to you because it belongs to you

Hangover after China's party?

Princess Elisa Tallano* grand daughter of King Ferdinand of Spain — Wed, 20 Aug 2008 02:44:24 GMT

guangdong is our province so dont be misunderstood that China will fall down , China will rises up because China is in the Lions gate

Hangover after China's party?

Mark Eduardovich — Wed, 20 Aug 2008 02:56:56 GMT

Please stop this sensless talk, people like you scaring americans with this fake predictions.Be more optimistic!!!!!

Hangover after China's party?

Thomas Richmond — Wed, 20 Aug 2008 03:05:06 GMT

Oh Yeah!

The energy crisis and it's economic power is everywhere now!!! No human or national economy on earth is without some impact from what's happening in this regard.

All of us (or our children) are going to feel this pain some how.

It remains to be seen if us humans as a species (and without borders) can come up with a way to collectively meet our present and future energy needs without huge environmental impacts and without huge costs to all of us. (Whether those costs be in terms of currency or loss/betterment of our environment on earth.)

Without a doubt, this is the biggest dillema that has ever faced us all.

Hangover after China's party?

Bryan, Fresno, Calif — Wed, 20 Aug 2008 03:05:30 GMT

The China boom may be slowing, but lets not kid ourselves that all the work that was outsourced will come back to the US. We live in a global economy now and if China becomes too expensive the work will move to Vietnam, India, or even Africa may hit the world stage in the next decade.

Hangover after China's party?

Eric Leiderman Teaneck New Jersey — Wed, 20 Aug 2008 03:13:05 GMT

I wonder whether this article might be tied into the commonly held belief that Americans are looking for reasons as to why the Chinese are performing so strongly in the Olympics. Our own issues and self-doubts are leading us to questions others, when the real questions should be directed at the people who are right now, vying to be our next president.

Hangover after China's party?

J. Pereira, Denver, CO — Wed, 20 Aug 2008 03:22:31 GMT

Good! Maybe we will now have a choice in manufactured goods: Cheap crap from China and quality goods from the USA!

Hangover after China's party?

Martin, PDX — Wed, 20 Aug 2008 03:23:40 GMT

China is experiencing the same sort of "cycle" that almost every other industrialized nation has or will. The biggest problem that is going to hurt them the worst is the rebound effect. The rapid growth, double digit for 30 years, is going to rebound in the form of double digit inflation and production closings. Not to mention that it seems that the very thing that got them where they are is drying up, the cheap labor, and now they may very well experience the "karma" of having swiped a great deal of manufacturing business from other countries and will now watch that same manufucturing go to other countries where the labor is, if not truly cheap, at least CHEAPER than China now is.

Hangover after China's party?

Jerry Leffel, Indianapolis, IN — Wed, 20 Aug 2008 03:41:47 GMT

Is this current slowdown in China a repeat of the retreat when the Mandarins took over in the 1400's and reeled in their trading fleets?

Hangover after China's party?

Jessica Noelke, College Station, Tx — Wed, 20 Aug 2008 03:44:08 GMT

Stop making so much, decrease the prices of production. its great! chinas exports are crappy products. maybe we will start making our own stuff here again. you know food costs might be rising but you can still grow your own food. furniture costs are rising but you can build your own furniture. you can even sew your own clothes. we panic because times are changing. too bad they are changing for the better.

Hangover after China's party?

SKVAM, Columbia, MD — Wed, 20 Aug 2008 03:46:05 GMT

It is shameful that American and other corporations moved businesses to China to take advantage not of cheap labor, but really of the tyranny that prevented unionization or environmental laws. Let us do all we can to help the people of Tibet to overthrow this tyranny in their country, a country being ruined by Chinese greed. Little Latvia, Lithuania, and Estonia escaped Stalinist Soviet Union, now it is TIBET'S TURN to be FREE.

Hangover after China's party?

Impeach Both — Wed, 20 Aug 2008 03:52:37 GMT

All you stupid fools out there! The quality of the Chinese goods is low because Americans want cheap prices... and don't want to pay for quality. Never mind that better made more expensive goods would be cheaper in the long run. All the American cares about is CHEAP and want it NOW.... no thought to the future or long term costs.

Hangover after China's party?

FT S. California — Wed, 20 Aug 2008 03:57:54 GMT

Having lived and worked in China and witnessed the Student Democracy Movement I can more than assure you that with a down turn will come a more dictatorial centralized Chinese government. China's economic growth of the past 30 years was accompanied by rampant corruption, decentralized government and a burgeoning class of consumers with their sites set on greater freedom and consumption. A clash of the "People" and the Peoples Republic of China is in the making.

Expect human rights to be ignored and far reaching crack downs to take place for Christians, Falun Gong members and any other regional economic, social or religious entities such as Tibet, Hong Kong or ??? that are perceived as a threat to the People's Party.

There is a price to be paid by the masses for the benefits gained from Communist Capitalism. Is a return to a more agrarian society in the making? The Central Government will maintain control at all costs.

Hangover after China's party?

Fabrice, Pueblo Colorado — Wed, 20 Aug 2008 04:01:23 GMT

China is getting ready to suffer Mexico's fate, however without the US in its border. It's time to move on to the next country, that's going to make our cheap crap.

Hangover after China's party?

Gary — Wed, 20 Aug 2008 04:02:52 GMT

hey, stupid american guys who fears that China ia becoming stronger and will exceed your nation, if you do not want the products made in China, you could ask your gonverment to stop importion, that is okay, but the common won't agree to buy expensive onew which made by you, but us, Chinese people who have the guts to refuse the goods from USA, becasue we could import from Europe for better quanlity than yours, I believe that It won't take more time, some of your big companys like GM, FORD and Chysler will face the problem of the bankcruptcy, and you will be astonished that the buyer will be the Chinese.

We show our repect to human rights, but the conception is totally different with yours, and remember to watch the Olympic, this is the most sucessful game than any gane held ever before, you do not want accept this result, you, stupid americans want to see more demonstration on the street, more protesters against the goverment, you want to shame the Chinese goverment, you want to shame the Chinese people, but I could firmly tell you peolple, It will never ever occured, we have deployed many secret police and military people to gurantee this game, no one could damage this olympics

Hangover after China's party?

BEN ,PHILADELPHIA,PA — Wed, 20 Aug 2008 04:17:00 GMT

NOT SO BAD.NO MATTER WHAT,CHINA STILL HAVE CHEAP LABOR.COMPARE JUST $200 A MONTH TO $2000 A MONTH IN U.S,THE FACTORIES IS NOT GOING TO MOVE BACK HERE.MATTER OF FACT,MORE AND MORE COMPANY FROM U.S OPEN THEIR BUSINESS OVER THERE.

Hangover after China's party?

Noah — Wed, 20 Aug 2008 04:17:23 GMT

Greed will bring on another Great Depression. We have to wake up and smell the coffee on what is happening with our economy.

Hangover after China's party?

Anne, in China — Wed, 20 Aug 2008 04:17:58 GMT

If China economy is this simple, it won't be China. Ian owes the readers a fuller picture on investment made by Disney in Shanghai, HSBC and Syandchart attempt relisting in Chinese stock market........
with jobs which everyone wish would stay in his own country. Don't ever underestimate the resilience of the Chinese.

Hangover after China's party?

j. floyd houston,texas — Wed, 20 Aug 2008 04:18:16 GMT

after reading these posts i realize that american people are not as stupid as i thought.they seem to be aware that our government is letting the chinese rob us blind .

Hangover after China's party?

shirley — Wed, 20 Aug 2008 04:18:57 GMT

It's comical that some Americans are blaming China producing cheap quality products. Well, STOP picking up the inferior quality goods into your shopping cart at Walmart, Home Depot, dollar stores, whatever. If consumers start demanding good quality goods then you will see more of the good stuff around. Don't forget Americans are natural at making demands and American market is consumer driven.

Hangover after China's party?

Sick of the Blame Game, FL — Wed, 20 Aug 2008 04:20:41 GMT

Why do you all blame someone else for manufacturing moving to China? You are the ones buying the cheap crap thus funding China's boom. Quit buying junk. Buy only what you need and quit sending your money to China. The next time you decide to buy something you don't need (and you really need to reconsider the meaning of "need") take a look at where it was made.

Hangover after China's party?

shirley, california — Wed, 20 Aug 2008 04:24:03 GMT

Hangover after China's party?

K Wayne, Wenatchee, WA — Wed, 20 Aug 2008 04:26:48 GMT

What about pollution? I understand that the mining regions of china are becoming quite unhealthy. China's a big country, but you can't keep moving away from chemical spills forever. Where will China find the trillions it will take to clean up the mess?

Hangover after China's party?

Matthew Ficke, Saint Augustine, Florida — Wed, 20 Aug 2008 04:27:43 GMT

The nation of china has secured financial growth for the next sixty years. Listing a million reasons why china MIGHT suffer from a temporary factory shutdown in the Beijing area is speculation. The fact is, China has secured a business relationship with the US which is detremental to our economy, and we are scared which is why we invent these stories.

Hangover after China's party?

Michael, Georgia — Wed, 20 Aug 2008 04:34:56 GMT

Freedom of speech? America is great and China is crap? Top 10 Racists in the world and Americans rank at #1. Several other long comments i have left have not been posted, freedom .. ya right. NBC will prob post this and say hey see we let one through!

To keep it simple, I see alot of hate towerds China in almost every comment.

Buncha sheep and cows complaining to the coulds about the poop they are stepping on, not knowing it came from their own @$$.

Hangover after China's party?

Herbert Giles, New Haven, CT — Wed, 20 Aug 2008 04:42:47 GMT

Back in the 70's it was the Japanese who made "crappy" merchandise. Now, it's China. The racist idiots of the U.S. should understand that the only things that are "unsustainable" are (1)your typical fat American's diet and (2) getting paid $50/hr for sitting around on your fat behind.

Hangover after China's party?

Jean Standish, New York, NY — Wed, 20 Aug 2008 04:43:09 GMT

Human nature never seems to change and never seems to learn. When financial bubbles occur, people seem to think they are infinite, only to be continually proven wrong. I suppose this repetitive behavior is wishful thinking with a massive dollop of denial. The burst of the housing bubble could be seen a mile away, if anyone bothered to pay attention. I suppose this cycle will continue, like electing lousy presidents.

Hangover after China's party?

johbn mcgouber — Wed, 20 Aug 2008 04:54:32 GMT

china is the worlds junk king of asia,its not cheap labor there after its slave labor there looking for.they would love to take over taiwan to expolte ther people into there tonka- toy factories for 50.00 dollar a month.china has goods in every country and i think the u.s is the largest buyer of chinese goods this guy that wrote this article must not have gone to wall mart or the dollar store lately.you can not even pick up a item off a shelve with-out it coming with a tag made in china.go figure

Hangover after China's party?

John Peter, centreville, VA — Wed, 20 Aug 2008 05:13:49 GMT

It is scaring to hear about all the bad news about the overall economy of most countries in the world. However, I think there is hope down the road. Someone has written a very intersting book called " How to end poverty in the world in just 15 years".In this book, the author describe a brand new economic model which can put an end to poverty in the world in a few years. This new economic model is suitable for any Developing Country or 3rd world country and It is based on the developing of the internal market in each country. The author describe how a large number of jobs based on the internal market can be created quickly; and thus creating a large number of consumers which can quickly be lifted out of poverty because they would have good income. This new economic model would revolve around home building and furnishing and I think that if a country like china would adopt this new economic model, it would put an end to poverty quickly and it would move in no time to the place of No.1 Super Power of the world. I have been to china and I know that despite all the prowess of the chinese economy, to these days, there is still millions of chinese living in extreme poverty. This new economic model which is based on the internal market instead, would result in the creation of Millions of new jobs in older to satisfy the material need of the millions of people who would have a job with good salary.

This book is really very interesting and the author explain everything in detail, including the solution to the problem of shortage of energy and the problem of global warming.
You can buy this book at www.authorhouse.com

Hangover after China's party?

Steve Huntington Beach, Ca — Wed, 20 Aug 2008 05:24:22 GMT

Stop the whining! China is this and China is that is a bunch of garbage. We wanted cheaper goods and the Chinese provided it at the expense of the American manufacturer. We drove our manufacturing jobs overseas with this philosophy and the last I checked Wal-Mart's sales continue to climb. We have no one to blame except ourselves.

Reading these posts is disturbing. Many of the posts wish pain on another country because just like the good old US of A, the citizens will feel the brunt. I think it's a good thing that other countries wages increase,just maybe we can become more competitive on the world stage. With a little innovation, we can be the manufacturing powerhouse of the world again.

In America we drown ourselves in debt because we don't want to save for something and wonder why we don't have any money. We are the only major global force that has a negative savings rate and when things get tough we look for a handout. We lease a BMW, obtain a house with an interest only loan, and should the value of the home increase, pull equity out so we can try to cure our insatiable lust for the newest gadgets.

We have settled for mediocrity in the US. It now starts in grade school where every kid makes the team. Everyone is special yet we settle to just get by. We have become a bunch of lemmings that do just enough to not get fired. I find it hilarious that a few posters talk about how great the American worker performs.We are lazy, just look at our waistlines. Being a business owner of a small service oriented business, I see first hand how first generation immigrants outperform their American counterparts and their only expectation is to get paid. They don't expect to be treated "Special",they just execute their job. Business is Darwinist in nature and always will be. If you want to change the situation, do more than what is expected and take pride in what you do.

Hangover after China's party?

Gil Lopez Los Angeles Calif. — Wed, 20 Aug 2008 05:33:57 GMT

Oh well it time to feel our pain, so no matter what is said or done to Amercia, all eyes of the world are still on what we want, if our econony go bad it efect the world because of who we our, the inpact and infulence is real and now you see it for yourself in what we want and when we wanted, so see how it feel and envey the greatest Country of all the U S A.

Hangover after China's party?

Bill Phoenix, az — Wed, 20 Aug 2008 06:59:09 GMT

Awwwww,....
My heart bleeds for you!

Hangover after China's party?

Jiangmen, GD — Wed, 20 Aug 2008 07:07:30 GMT

No profit for factories making low-end toys, shoes, etc. but there is plenty being made with products that require more technical skills that involve teams of engineers such as auto and industrial parts.

China does not want to make cheap stuff forever, thats why there's not much being done to help these factories that work for Walmart.

Hangover after China's party?

DRJ ,Provo,Utah — Wed, 20 Aug 2008 07:25:41 GMT

China harbors the Taliban, and they send us toys with lead, send us dog food with poison in it and we continue to use them instead of keeping our jobs HERE. I am disgusted with China and their Communistic Government.
Does everyone NOT remember Mao killing 35 MILLION people??? What about the treatment of the Dali Lama? Did you know that Tibetan Monks are still being brutalized today??? WHY is the Olympics there??? They deserve nothing. They deserve Wal Mart to not be there, unles Wal Mart is FILLED with AMERICAN imports...

Hangover after China's party?

John Doe — Wed, 20 Aug 2008 07:36:02 GMT

Good! It is time for American to work as cheap labours and work 80 hours a week.

Hangover after China's party?

moe,vancouver,british columbia — Wed, 20 Aug 2008 08:24:27 GMT

When the world finally realizes the precarious state of social order artificially maitained by the Chinese Govt's fanatical control and factors this risk into their investment decisions I would predict an accelerated shift to possibly the soon to be most populous nation...India because of it's lower cost labor pools, established technology and it's more palatable socio-political environment.

Hangover after China's party?

Frank, Nagano Japan — Wed, 20 Aug 2008 08:27:36 GMT

I love all the non-sense posts about how great that the USA is, and being an American that lives out of country now, I can tell you that the USA has its fair share of good points and bad points. The same as any other country.

Posting that China products are junk is amusing. Yes there is a fair share of products that are flawed. But by this logic, you would need to throw away every piece of electronics you own, get rid of your foreign car and including many american made cars also, and much of your clothing. Only because a product says made in America or (insert foreign country here), does not mean it does not contain parts from other countries, Mainly China.

Speaking mainly about electronics, for those ranting and raving about cheap quality, how many of you own a APPLE IPOD for example, because you may want to start tossing that out the window right because its parts come from, you guessed it, China.

More importantly, toss your computer also if your such patriotic "America is the greatest country", because your not as patriotic as you make yourself using products that are manufactured from other countries.

These are people we are talking about, The share similar values with people from around the world. Being sterotypical about a country as a whole is nonsense.

Hangover after China's party?

Elwin Mount Vernon Ohio — Wed, 20 Aug 2008 10:01:29 GMT

We were married 50 years ago. Most of the things we bought then - we still use - but the items purchased in the last 25 years have had to be replaced 2 and 3 times. Cheaper is not always cheaper in the long run.

I notice too when companies move their production overseas to get cheaper labor the executives don't cut their excessive salaries (in comparison to the income of executives in other parts of the world).

Hangover after China's party?

Egwayne Randall — Wed, 20 Aug 2008 12:47:24 GMT

I had always assumed that the Chinese people would demand better working conditions (and less polution) as soon they were prosperous enough to make decisions from choice rather than to need. The Chinese people aren't stupid, they were just reeling from years of government reorganization. Of course this means that the prices of their products will increase.

Not all of their products are bad, either. Only innovation has been lacking. Hopefully, with prosperity, we'll see some good creativity there again.

Americans aren't known for their quality products, either. Remember when no one wanted to buy an American car because it would break down as soon as it left the new car lot? It took the Japanese and Koreans to remind us that we should be making quality products. We need to wake up. It will be good for us as Americans to reduce some of our consumer frenzy. We should think before we buy. Save money before we buy. We need to remind ourselves that we should only take pride in work that's well done (not just becaues it's Made in America), and that work isn't just about getting a paycheck.

Hangover after China's party?

m.c. , Ft. Worth, TX — Wed, 20 Aug 2008 14:30:22 GMT

i'm all for prices going up on goods if it's good for America. if all they're going to do is move production to another country with cheap labor, then it really means nothing to Americans. i think we need to boost the economy here by taxing all foreign goods and eliminating tax credits to companies that outsource work. if more Americans had good jobs we'd be stronger economically, even if the prices for goods was a little higher.

Hangover after China's party?

Natalie, Fort Meade, MD — Wed, 20 Aug 2008 14:49:33 GMT

No more cheap labor...? Gosh... I hope not - not in the conditions those Chinese workers have been forced into! This would be a good thing for China in the long run... It's called the right to a fair wage (or at least a fairer wage, since I doubt they'll ever truly give their workers a living wage). And it's their own fault for not having the number of replacement workers, since it's their own one-child policy that's hurting them.

Hangover after China's party?

bill — Wed, 20 Aug 2008 15:58:44 GMT

Read the article, they are still only making $200 a month, so don't expect new factories opening in America anytime soon. Factories will still be chinese, maybe a move to india or africa will be the next phase, possibly north korea. Bad part is now that we have funded the chinese military and they have all the supplies they need....what to do with 1 billion un-employed young men??? hmmmm.....maybe use them as cannon fire and start invading countries.

Hangover after China's party?

Eddie in New York — Wed, 20 Aug 2008 16:01:49 GMT

I dont understand why mexico dos'nt play a larger role, the same way China did years earlier.Mexico has a large labor force willing to come to the US to make more money. Why not make Mexico the next China? Even the shipping costs would be much lower, not to speak of the millions of Mexicans who would stay at home, instead of taxing our own economy, with higher social services costs. Am I the only one who sees this potential gold mine?

Hangover after China's party?

Joe, denver — Wed, 20 Aug 2008 16:27:21 GMT

Some of people here is not nice at all! Using the products made in china, save American 600 billion dolors, and jealous china's success.

Hangover after China's party?

Jason — Wed, 20 Aug 2008 16:29:09 GMT

All these comments only make me laugh, why do americans always look for excuses for your own failures? Cause and effect, it is just plain simple, you screwed it up and now you want to blame it on someone else?

Hangover after China's party?

Justin, Montana — Wed, 20 Aug 2008 16:56:49 GMT

Here's the big picture. 50 years ago the world population was 2.5 billion humans strong. It's now currently 7.5 billion. People can live almost twice as long as they did at that time also. The term, "Only the strong survive", bears no meaning anymore because "EVERYONE" now survives. There is no longer "Natural Selection" among humans. How long do you think we can really keep this up before we run ourselves out of natural resources to support this way of life? This is the beginning of just another dynasty beginning to crumble. Remember the Mayans? They're entire civilization was wiped out because of the very same issue. They're not the only ones either....Romans, Huns, Vikings, Egyptians, etc. The world is in for a REAL rude awakening. We all need to sacrifice this material garbage, be generous to your neighbor, and start thinking clean and green. If we don't fix the problems that ages of generations have created, (including us!), then we'll no longer have the choice to.....mother nature will do it for us. Personnally, I have 2 young children, and I literally fear for them because of the way this world is headed. It really pains me to see how so many people can be so near-sighted and greedy, and ultimately just not care about our children and grandchildren. Plain and Simple- "YOU CANNOT SIT AROUND AND WAIT FOR POLITICIANS TO SOLVE THESE PROBLEMS.....BECAUSE THEY'RE GREEDY, CORRUPT, SELF-CENTERED IDEALS IS WHAT LANDED US IN THIS SITUATION TO BEGIN WITH". So do it for yourself, your family, your neighbor, your nation, and your world.....Give up your material garbage, recycle, don't be wasteful, stop driving oversized gas-suckers, live more modestly,...and maybe we can stretch this lifespan of OUR civilization. This is'nt rocket science....just a hard truth that not too many have accepted............I just hope I'm wrong :(

Hangover after China's party?

Miguel, killa CAli — Wed, 20 Aug 2008 18:15:19 GMT

All that goes up must come down with the same speed it went up. I think China is a time bomb waiting to happen. They should be paying more attention to human rights. About the Olypics, if they can't handle the spotlight then why even walk up to it. What i mean is that they can't handle a little protest and then putting the ugly in the back at the opening ceremonies. CHINA JUST CANT HANDLE THE HEAT AND THEIR POT IS BOILING.

Hangover after China's party?

Eric Chicago, IL — Wed, 20 Aug 2008 18:20:47 GMT

Like any major issue, this is complicated. But I see a lot of signs in my personal world that the invisible hand of economics is moving away from China:

1) I buy business gifts sometimes. A year or two ago it seemed like all that stuff was Chinese. Now many firms have advertisements for their American-made products.
2) Wages for the American worker have declined precipitously over recent years, as they should. Organized labor negotiated really crazy compensation and benefit packages back in the 70's. If I were an automotive executive, and the UAW was telling me that a guy should be making $90,000 with fully-paid medical insurance for bolting parts onto a car I would close factories in Flint, Michigan too. If people in American factories become willing to work for reasonable factory wages (and they have no choice these days) it takes a lot of power away from China.
3) I'm starting to see articles out on the web in which American and European companies talk about the huge problems they had with Chinese manufacturing, and how they eventually decided to move their production lines back home. Poor quality, poor dispute resolution, theft of intellectual property, shipping delays, rapidly inflating shipping costs, etc.
4) The world is clearly interested in developing more automated manufacturing, as it has been for decades. In the US now there are some highly automated factories in operation. I read about one of them Xerox has out west. The more automation takes place, the less of factor human labor cost will be. Some of the decline in US manufacturing employment isn't due to China. It is due to the fact that US Steel doesn't need 200,000 employees to run the mills anymore.
5) In America, the Baby Boomers are moving out of positions of authority within our government and corporations. I'm not saying they are all bad. But by and large they are a very short-sighted, I am going to do what I want to do to feel good in the short term, generation. Once they are gone people may start to question the strategic wisdom of all this out-sourcing. Obviously, this is somewhat subjective. But I think the unprecedented string of recent government and corporate scandals is pretty strong evidence. I still can't believe what those Enron guys did.
6) I have read reports that there are 200 disturbances a day in China (protests, riots). Despite the image projected by the Chinese government, I think there are a lot of unhappy people over there. If the whole country becomes engulfed in political upheaval and conflict, who is going to want to have a factory there?

Time will tell how it all works out. But I know this for certain: life has good times and bad times. Nobody has the best of it from the moment they are born until the moment they pass away.

If you want to argue with me in broken English about how I am a stupid American, go ahead. But I think this is a pretty balanced opinion.

Hangover after China's party?

Dennis — Wed, 20 Aug 2008 18:33:06 GMT

Memo to China: Welcome to Econ 101 and the rules of capitalism, supply and demand, etc.! Couple this with your one child policy and your "economic" system is doomed!

Hangover after China's party?

Richard Gere, Hollywood, California — Wed, 20 Aug 2008 18:45:44 GMT

The Dalai Lama says, "Vote McCain 2008!" The Dalai Lama will guarantee all jobs will return to the good ole U.S. of A once Tibet is freed. Pray to Buddha!!!!

Hangover after China's party?

Gladys, College Park GA — Wed, 20 Aug 2008 18:46:40 GMT

Maybe this will start a transition of more manufacturing jobs staying in the U.S.

Or, just more jobs period, and us relying on our own companies to produce more goods - rather than the Chinese.

Hangover after China's party?

Helen, Calimesa, CA — Wed, 20 Aug 2008 18:55:28 GMT

It's a shame when we can afford to keep jobs in our own country. I don't shop at Wal-Mart too much any more, there IS a difference in the products they buy in bulk that the products Target buys, I pay more at Target, but I'm buying a better product. For those who think it's all in my mind, do the test for yourself. Buy an outfit at both places, and see which one falls apart, fades, and shrinks first.

Hangover after China's party?

B Laase, Hinsdale, IL — Wed, 20 Aug 2008 18:57:18 GMT

Really sick of the blame game. Foreign oil is crap. Imagine if we tapped into our own supply and sold it on the open market. Yeah that's 700 billion worth a year we wouldn't be sending off shore. Think about it. Especially you Obama!!!!!

Hangover after China's party?

Terra Gaia, Earth — Wed, 20 Aug 2008 19:02:58 GMT

Being fat, lazy, and demanding an extremely high wage will not bring jobs back to America. I suggest lowering the minimum wage back down to a few cents per hour.

Hangover after China's party?

Curtis Pocatello, ID — Wed, 20 Aug 2008 19:09:09 GMT

Who needs the "cheap crap" from China? Just our selfish, gotta-have-it-now Western society. Make a list of "life and death" items vs "luxury" items and it is amazing how little house you need to store your stuff. It is for this reason, mass consumerism, that the storage business thrives in the USA.

Hangover after China's party?

W King, Los Angeles, Cali. — Wed, 20 Aug 2008 19:58:26 GMT

It 1977 all over again...high gas prices, runaway inflation, environmental issues...have we not learned from the dolittle generations of the past 30 years? Are we to simply be the placeholders for some "miracle generation" that will solve these problems in the future? Eventually these problems are going to burn us, and it looks like the fire has already started...

Hangover after China's party?

B.Rubble — Wed, 20 Aug 2008 21:00:16 GMT

With out one shot ever being fired the U.S will be taken over...> now thats scary!!!

Hangover after China's party?

Gordon Hsu, Fremont CA — Wed, 20 Aug 2008 21:32:15 GMT

Doooooooooooooooooom. That is the sound of these NBC blogs pretending to sound intelligent and informed. In reality, most of us who have been watching the China market develop for the past few years already saw this coming. It's amazing that so many of you China haters are buying into this doom and gloom scenerio while spewing your borderline racist venom with it as if it's justified.

Here in lies the difference between us "educated" people and the "uninformed". It is already a well known fact that low end manufacturing jobs have been leaving China for years for Southeast Asia destinations such as Philippines, Thailand and Vietnam where the labor wages are lower than China. The PRC government knows this but it's not a huge deal. Why? Because the current Chinese economic infrastructure is undergoing a shift just like any country that is changing from a developing market to a developed market. Instead of focusing on low end manufacturing industry, China is switching to higher tech industries.

For every factory that's closing in a manufactring industrial park, there is a biotech, IT or chemical factory/office opening in a high tech industrial park. Companies like BP, Eli Lilly, Glaxco-Smith-Klein, Samsung, Mitsubishi Heavy Industries, Philips Semiconductor, as well as many Silicon Valley based software development firms all have presence in China now and it is still growing. This is not to mention Global Financial and Banking powerhouses such as BGI, Citigroup, HSBC Holdings, Morgan Stanley and so on all have been expanding their operations in China in recent years. With the Chinese universities focusing on these sectors resulting in more and more qualified, educated graduates staffing these firms, the trend will likely continue. All of this points to a different type of economy in China for the years to come.

Hangover after China's party?

Gordon Hsu — Wed, 20 Aug 2008 21:36:16 GMT

Oh and one more thing, you China haters shouldn't don't get too excited about the American dollars leaving China. United States isn't even in the top foreign investor in China. Hong Kong, Japan, South Korea, Germany, and Taiwan are all well ahead of America. Also as I've already mentioned before, for every American manufacturing dollar leaving China for other destination, it is made up by an incoming high tech and modern industries investment dollar. A drive around Sunnyvale, Cupertino, Milpitas and Santa Clara here in Silicon Valley confirms this as many of these tech companies have multiple offices in China with plans for more. Sorry but some of you have rather unfounded and laughable grand delusions about just how large the American stake in China really is and where it is going.

Hangover after China's party?

john kingman AZ — Wed, 20 Aug 2008 21:43:06 GMT

I live in AZ and happen to know a few Chinese people who have moved here for work opportunities. They recognize the benefit of 1) learning the english language, 2) learning American business practices, 3) learning American social practices. My Chinese friends are shocked at several aspects of America... "Why are these poor (impoverished) people having more babies? They cannot care for the existing babies, but have more anyway!" "Why is it impossible to find an adequate doctor we can afford?" "Why do Americans think that they are right about everything and do not need to consider new ideas / other's views?" etc...

We go shopping in my little town and the Chinese just laugh.... The products in our stores (made in China) are crap compared to the products sold in China (also made in China). China can and does produce excellent quality items. They ship the poor quality crap to America because this is what the market requires. This is what most Americans buy. It is our choice. We want lots of cheap crap rather than a little quality. I can see. I look around. Go to walmart and see for yourself. We are the problem.

Hangover after China's party?

Charles, Houston, TX — Wed, 20 Aug 2008 22:20:12 GMT

At times I find that I'm ashamed to be a member of a capitalistic, consumer-driven country whose citizenry behave with such selfish, wasteful extravagance. There is always a price to pay for taking a shortcut, the low-road, the cheap way out, whatever.

There is a global reckoning coming, mainly surrounding a reduction in cheap, easily available energy, and it won't be pretty. We must do what we can now, beginning with major efforts at conservation of energy and other valuable resources, or it will be done for us, and we won't have any say in the matter.

In 'Three Days of the Condor', a remark is made like this: What do you think people will do, when there's no food in their cubbards, or no heat in their homes, what so you think they (American citizens), will want us (the American Government) to do then? "Ask them." No, they won't want us to 'ask them', they'll just want us to GET IT FOR THEM.

That's who we've become...who we've let ourselves become by following the guidance of ignorant, selfish, and power-hungry leaders. There must be a change in the way we behave as a country. It has to start with the citizenry, who demand more of our leaders.

We can't put our heads in the sand any longer. Don't be so gullible in thinking that you can trust your President to do what's best for you (the majority of the citizenry). He, or she, is only guided by their conscience. How's that for reassuring?

Hangover after China's party?

Michelle, Seattle WA — Wed, 20 Aug 2008 22:26:16 GMT

It is so easy to China bash. We need to look at our own behavior like spending too much that our national economy depends on China, Japan, Korea, Dubai and others to buy our bonds or pump money into our financial firms. We drive so much we are hostage to oil prices.

China, India, Brazil, Russia and other countries will continue to grow and prosper. We can't pretend we are the richest, most powerful, perfect country any more. If we work on improving our own country such as spending within our means, improving schools, improving health care for all, improving infrastructure such as roads, bridges and power grids, conserving energy, we won't need to bash other countries to feel better about how superior our country is to theirs.

Hangover after China's party?

Ronald Cole Wieland..Irvine, California — Wed, 20 Aug 2008 22:35:32 GMT

The Chinese Government, since 1949, Mao's revolution has always had a policy of not entering into any war's or confrontations with the west. T "RED BOOK" Mao's doctrine, the communist manifesto has always implemented destroying their enemy's from within.
RE.Supplying arms to our a enemy's, sending America shotty goods, RE Poison toys, baby cribs, sub standard garbage.The have thousands of spy's within our country dowmloading R&D, the Immigrants who consider America as their tempory place to make money, avoid taxes and send their money home to the "MOTHERLAND OR FATHERLAND"

FACE IT FOLKS,the averag Chinese in America really dislike us and everything we stand for.
They Loved Clinton because he " sold" our technology. to them, our formost enemy. The sell arms to the Taliban, and then sell us tee shirts,tennis shoes and all the time "attempting to put Mao's doctine into place".
Motib vtion for their individual hatred of the American people is Jealousy, or freedom's and way of life.

Soon when their economy falters, and internal revolution is brewing, trust me.
This is all part of a plan for the Chinese and the Russians to partner up with oil, bond for protection, as individually ..sorry no match for America.

Sore Losers.. The beginning of the third world war, sorry but true, the wheel's are in motion.
Listen America, You better think twice at this coming election Can a orator with a history of questionable activities in Chicago, with a hate monger Minister, and a track record of nonsense and working all ends of the street, stand tall and tough like Truman.
We need, wheather he is our pewrsonal choice, choos a tough dog like McCain. a warrior, a guy who has lived communism. No time for politics, Air America, Keith Oberman and all the weak lefties.
this is the crossroads of America as we have NEVER experienced. The commies only understand Strong, hard core responses. AMERICA STAND TALL, ROLL THE DICE, JUST PUT A MORATORUM ON MOST IMMIGRATION, CLEAN OUT THESE PEOPLE,THE ALTERNATIVE WE WILL NEVER EXCEPT, THUS: THE END OF THE usa AS WE KNOW IT.

Hangover after China's party?

Allen Humphrey — Wed, 20 Aug 2008 22:56:58 GMT

Listen Up People , QUIT throwing Sour Grapes . You would if you Could throw a party "Just Like China" . I say Hats off ! I BET the people on that Madrid Plane that hit the deck Today are Glad They enjoyed some of the Olympics, actually I bet they wished they'd have pulled a "Rip Snorter" last night . Live Life Well !

Hangover after China's party?

Kevin Larkin, Cleveland, Ohio — Wed, 20 Aug 2008 23:21:59 GMT

Complain all you want about China, but this whole situation is the fault of every American consumer who chose to purchase imported products over the past several decades just to save a couple of pennies. You can't fault them for providing the cheap products that we demand. If you really want to make a difference, stop buying the junk and demand that stores carry American made products. That's the only way to stop this cycle. Otherwise, the manufacturers of the world will just move on from China to some other low cost country in Asia or Africa.

Hangover after China's party?

lemoncritic — Thu, 21 Aug 2008 02:00:50 GMT

We were told around 40 years ago that only 20% of the world population and a few countries would have jobs producing almost all the goods for the whole of the world, that's about right. And one of these countries is China, they make many things that the west needs and use.

The other parts of the world would do nothing but enjoy a good life and live a long happy existence.

Well, where did it go wrong?

Who messed it up for me?

Hangover after China's party?

copy editor — Thu, 21 Aug 2008 03:30:32 GMT

It should be Credit Suisse, not "Credit Swisse"....

Hangover after China's party?

Tony, Sydney — Thu, 21 Aug 2008 05:52:22 GMT

Goods manufacture will continue its frictionless slide to the countries and regions that can do it the cheapest. It's globalization 101, and there isn't much China or America can do about it. Much like us, China is becoming a victim of their own success. I believe that after SE Asia has been exhausted, Africa may be the next area to see this boom in production. I also believe that oil prices are primarily driving inflation, and that as the prices continue to fall we will see a return to the norm.

Hangover after China's party?

Jane D, Magnolia, TEXAS — Thu, 21 Aug 2008 05:59:47 GMT

What I don't understand is why we the American people are only looking at China's use of cheap labor. I don't know about you but the last time I drove by a construction site or agricultural feild, I didn't see hardworking Americans getting a good pay, what I saw were a bunch of Mexicans with their little Mexican flags a wavin' making about $3.50 an hour where as an American would expect at least $6.50. Have you ever asked someone who owns a construction company or a works in agriculture their view on illegal immigration or cheap laborers stealing the jobs of American citizens who only ask for minimum wage. Please America wake up we need to realize our own faults and fix them before we feed another country's sucess. We need to focus on what the future of America is going to be before we look at what other countries have become.

Hangover after China's party?

laurent Webb — Thu, 21 Aug 2008 06:09:54 GMT

NUTS! None of these people know anything. All the comments were based on wild speculations.

Hangover after China's party?

byron — Thu, 21 Aug 2008 06:17:04 GMT

This article unfortunately underestimates the IQ of Chinese leaders. The eventual goal for China is of course to surpass US in technologies, inventions, patents etc. but before that can happen, China needs to get sufficiently rich first and it is doing that by exporting labor intensive products. One only needs to look at the declining education in the US to tell that sooner or later the technological center is also going to shift away from US. Face it, most scientists and engineers in the US are foreign born and they could disppear as quickly just as they came to US.

Hangover after China's party?

Peejayinchina — Thu, 21 Aug 2008 06:33:36 GMT

Well Gordon Hsu, yes you are right high tech companies are being pulled to China with Trojan Horse promises, and those that have relaised that are leaving ater only a year or less, why? espionage and theft of IPR.

China has taken all it wants from the existing foolish foreign investors, and now fools scientists desperate to do their own R & D so soon China will have stolen all the high tech it needs.

Dell was loading counterfiet Microsoft programmes in all its computers made in China, thats a fact, check with Microsoft, or I can supply the details.

I was Appropached by the Semiconductor and Tire industries from China, asking me to arrange high tech visits to Japan so Chinese Engineers could steal technology, and to get rubber compounding information from Dunlop and other western Tyre companies.

So your arrogance Mr. Hsu is typical of foreign educated Chinese, why not come home and check out your freedom here in China.

Yes Many Universities in CHina, kicking out clone gradutes.

Mechanical engineers, that have no material science or material properties knowldge, and unable to read drawings or understand why there are standards.

CPA's that dont know what Balance sheets are.

History Graduates and professors, that dont know who Churchill, Stalin, or any other country or conflict leaders from the past 2 - 300 years.

Every student must be able to read, write and speak English, otherwise they cant graduate, sounds good but most students can only do one of these functions, at a mediocre level, one wonders how mucg they paid the tutors and examiners in bribes.

The truth is out, Im not American, and most of the Hong Kong and Taiwanese Companies that you insist are coming and are the highest investors, have already left for a healthier environment.

Believe the communist doctrine, hooray for you arrogant ignorant bashing of a country in which you are presently allowed to live in, enjoy it while you still can.

Hangover after China's party?

Ronald Campanalie, Cleveland, ohio — Thu, 21 Aug 2008 06:58:13 GMT

In the 1950's "Japan" was a five letter word for junk. Now we have a new five letter word for junk and its spelled "China." By the way I try to by American but, I can't much made in America any more.

Hangover after China's party?

mimi,Mentor,Ohio — Thu, 21 Aug 2008 07:25:02 GMT

I think increasing costs will bring manufacturing jobs back to the U.S. These companies coming back will not only stimulate economic growth through employment, but it will also bring once trusted brands back that trust we all had in them.
Remember when everyone's mom wanted a black and decker mixer? Now its made overseas and its crap. I think the chinese economy slowing down can only help us her in the U.S.

Hangover after China's party?

katri, tallinn — Thu, 21 Aug 2008 12:44:44 GMT

Hmm dont like the thought of that. China closing show. Lets look for more cheap labor. Lets bring the factories back home. But keep producing keep the economy growing. Ummm? not enough planet. We should be moving towards 0% growth economy. Only way to stop this juggernaut.

Hangover after China's party?

justin, texas — Thu, 21 Aug 2008 14:19:54 GMT

i'm surprised how navie ppl are. you think jobs and investment is going to go back to usa? *Iaughs* more likely vietnam, india or another developing nation. despite what ppl think until we no longer have the infrastructure for being industrial workshop as usa is nor more of a service based economy, unless u expect can lower our own wages and standard of living those jobs are lost forever.

Hangover after China's party?

nishame — Thu, 21 Aug 2008 15:07:26 GMT

the pollution has been controlled because of the protection measure.don't be silly.if China's economy Collapses, can The usa be far behind?

Hangover after China's party?

ATN, Austin, Texas — Thu, 21 Aug 2008 21:47:25 GMT

For almost twenty years, I keep hearing that the collapses of Chinese economy is imminent. Will the prediction present in this article be different from any previous one?

Hangover after China's party?

newyork, newyork — Thu, 21 Aug 2008 22:27:27 GMT

Americans giving China advice on economics? That's funny.

Hangover after China's party?

Gordon Hsu — Thu, 21 Aug 2008 22:42:44 GMT

Peejayinchina, so you actually think that you know me enough to make presumuptions? While you're sitting there getting all huffy, demanding that I go back to China to see what it's really like, I'm sitting here snickering. I have been going back to China twice a year for 7 years running now. Three years ago, I even purchased two condos in Suzhou-Singapore Industrial Park where many of the international firms I mentioned above are located. Those offices/factories are still there today.

I have one cousin in Suzhou that works for Samsung Electronics as a quality control manager. I have another cousin there who works for Eli Lilly as a biochemist. I have yet another cousin-in-law who works in Citigroup-Shanghai as VP of Human Resources. All of them were born and educated in China. Back here in the U.S., I got a close friend here in the Bay Area that is a Senior Software Engineer for Array Networks and he goes back to China at least once a year to collaborate with their Beijing office. You could say that I'm quite aware of the inner workings of a foreign firm in China. As for me, I wasn't even born in America. Currently I work for Washington Mutual as a Financial Advisor so yes, I've been keeping a close tab on the overseas investment market for many years now. Would you care to make more false and foolish accusations?

The only thing that is plain to see in your comment on this issue is that even though you're in China, you still harbor an outsider's point of view. What I'm referring to is the typical "finding the cloud in the silver lining" syndrome. Do you actually expect people to believe that Chinese university graduates are really as clueless as you depicted them to be? I guess all those east-west collaborative (Liverpool, Oxford, University of Toronto, etc) Jiaotong universities that are popping up in China are just for show? Sorry but I think I'll take their confidence over your pessimism when it comes to the assessment of the local talents. Perhaps you only meant to say that there are just some college graduates in China that are lacking in real world working knowledge. Well, I can pretty much go to any University here in the U.S. and point out the same thing so what is your point precisely? Try a less hypocritical approach to debating with me the next time, it may do wonders for your credibility.

Hangover after China's party?

dan — Fri, 22 Aug 2008 03:31:28 GMT

thankj god I won't be able to afford the walmart crap anymore.

Hangover after China's party?

Dan in Canada (thank god) — Fri, 22 Aug 2008 03:37:46 GMT

and thank god China won't have to restart all those factories they have turned off for the olympics. oh boy!! cleaner air!! who cares about the housing bubble or developing a booming economy if we can't breathe THE AIR.

Hangover after China's party?

Kara, Canada — Fri, 22 Aug 2008 13:28:38 GMT

yea the prices in walmart are going up... try not shopping at stores that treat their workers like cattle and shop at small local shops and pay what... 0.33 cents more a pound for your meat? Wake up and realize that the global corporations are only looking out for the global corporations. SUPPORT AND BUY LOCAL!!!

Hangover after China's party?

Ian — Sun, 24 Aug 2008 02:42:32 GMT

China has a gargantuan economy-of-scale. Why, pray tell, does it need US consumers?

Hangover after China's party?

Peejayinchina — Sun, 24 Aug 2008 05:57:43 GMT

Gordon Hsu, you talk about University Cooperations, well the head of the Chinese Cardiology, who was trained in USA, and now runs a teaching hospital with western University links, believe and teaches that HIV AIDS, is something the west have dreamed up, it isnt real, just something the west made up to scare people with, and his Operating theaters, have blood all over them and needles on the floor, Ive seen it and had the lecture about being a dumb westener from him, with that sort of leader, that runs the whole Hospital, and none of the young qualified consultants cant speak English, so how did they graduate???

Hangover after China's party?

Peejayinchina — Wed, 27 Aug 2008 10:40:44 GMT

Gordon Hsu: None of my accusations are false or stupid, you have and would be insulting senior retired Chinese business people with that statement.

Its is they that have taught me about how China really works, from the inside, so your wrong also to accuse me of having an outsiders view.

MAny high tech companies have either left Suzhou, Singapore technology park, or have seriously cut back development work, there are exceptions, particularly those that the Chinese Government want the technology, the expats cant get Visa's anymore, so now Chinese are runiing the company.

So like Danone, the partners have set up identical operations but because its called something else, the Chinese Government deny the truth of copying, my Chinese Colleagues are amazed at how easily the broad nose foreign diplomats are fooled, and run away.

All I offer is facts, one of those is that you have handsomely profited from your foreign education, and profited from companies and the obvious and blatant IPR thefts. I hope your conscience isnt too difficult to live with.

The senior retired Chinese Businessmen in China, see you as a Eunuch, in that you profit from the high ups, who do so at the cost of the little people, just like in the days of the emporer, so how much has changed??

You are tolerated here in China because you have money, tolerated by the government because you can provide other western benefits as well but the common Chinese people despise you like a cancer on their land, and thats over 80% of the population.

So get off your high horse, take the scented nose bag off, so you can smell the stench, and remove the rose colored glasses, you only have what you have now, in both the USA because the present Chinese government is so corrupt, come the next revolution, and the Senior Chinese expect it soon, you will run away and hide like the coward you are, and what good will all your money and many apartments, and relatives and friends with high positions do with for you then??

Enjoy your existance whilst you can, over a billion peoplein China, the real Chinese, and a high percentage of the cream of China, despise you.

Hangover after China's party?

Li Lei, Chengdu, China — Thu, 04 Sep 2008 05:44:31 GMT

Olympic has a very little help for China's economy. not any single Chinese believe olympics can stimulate
China's economy, at least, i don't think so. present situation is very hard for China. but, China need transition. with younths grown up, they have more demands for consumption. domestic demands will contribute Chinese economic boom. this is a very good sign for China. more than 8% rise at least can last 10 years, even longer.