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Posted on 02/15/2008 5:59:44 PM PST by steelboy
China passed Canada to become the largest source of products shipped into the U.S. last year, capping a six-year period when its exports to the U.S. more than tripled. Chinese trade is accelerating faster than imports from Mexico after the North American Free Trade Agreement took effect in 1994.
(Excerpt) Read more at seattletimes.nwsource.com ...
Quote from the article:
“Even the architect of China’s WTO entry is surprised by the speed of its ascent as an economic powerhouse.
“No one thought China’s re-emergence would be as robust, rapid or consistent as it has been,” former U.S. Trade Representative Charlene Barshefsky said.”
The feeding frenzy goes on along with the devised recession. The “recession” won’t lower oil enough or raise the dollar enough to continue the feeding frenzy, though. We’re going to have to do real work again before long (more domestic manufacturing).
Most of it cheap junk.
BTW, consumerism is taking hold in China. China also has trading partners other than us.
China is going to get our STIMULUS MONEY. They can hardly wait for that windfall.
This is not a good sign.
Every Chinese container should be required to be accompanied by a dumpster and dumped therein as it arrives on American shores so we don’t waste our money.
The Chi-coms, their bourgeois working ants and the idiot, groveling American companies all need to be rejected. Buying their junk encourages them to continue making throw-away garbage.
Don’t ask me about the Chi-com socket set I bought.
That’s correct. We should be manufacturing more, and if Bush & Co. had the cajones, they would have aimed a stimulus at American producers, not consumers. Why? One reason is, as acoulter fan said, the Chinese are going to get the brux of that money. The other is, a consumer will only spend it once. Producers will vreate jobs, and pay more taxes, and more money will be put into OUR economy. It’s real and lasting stimulus, not a one time shot.
steelboy said...It’s cheap. True, 99% of it us. But, like the Japanese did, the Chinese are using all that new found wealth to obtain methods and materials to produce high quality.
If you think it’s bad now (trade deficit w/China), wait till they start pumping out the higher quality products at 1/2 of market prices, instead of crap at 1/4th.
Our history with Japan, and it’s ascension to being a premier builder of quality goods, should be a text book lesson in how to avoid the same type of situation with China. That’s the model China is using as a template. Only it’s easier for them now, than it was for the Japanese then.
“China is going to get our STIMULUS MONEY.”
Unfortunately, you’re right. The Globalist Osamabamania crowd will all buy big screen TV’s, iPods and other cheaply made Chinese crap while (hopefully) FReepers will buy something from Bushmaster, Made in USA.
Anybody surprised by this story hasn’t been to a store in many years.
There, fixed it. China has not been an "economic powerhouse" vis-a-vis its trade to the U.S. EVER....before Clinton-Bush destroyed significant sectors of our manufacturing basis on the altar of their half-baked ideology...or more likely the altar of import-lobby CASH.
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