Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
It is correct to comment on the cost of Chinese labor.

But it should be commented on as well that the Chinese have made incredible investments into their infrastructure, both in the manufacturing plants and equipment, and also in the cities and roads and subways and and and. Point being, (and I have no figures at hand to back this up), I am certain that they have been making the capital investments that the Americans have not...that the Americans have been doling out to the vulture class.

China only recently became a net creditor to the world, but they have been a net creditor to the US for quite a while. They have been buying from the EU, though again, I don't have the data stored and google is filled with too much to winnow.

Never underestimate their intelligence, always underestimate their knowledge.

Frank Delaney ~ Ireland

by siegestate (siegestate or beyondwarispeace.com) on Wed Aug 22nd, 2007 at 05:49:23 AM EST
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