Well the last I heard the unemployment rate in China is 4.1%, significantly better than America’s.
There was a time when China was a good idea.
In my opinion that time is over.
China is becoming far too strong, and far too big a competitor, to continue to help.
America needs to recognize that things change. China owns all the factories in China. All of them.
Even those, producing for America.
Everything made in China, is bottom line, for Chinese owners. There is some western ownership, but the majority ownership is all Chinese.
China is now the largest exporter anywhere.
The world leader.
Wake up people. We have a serious challenge to our nation’s supremacy facing us right now.
America needs factories.
Now.
Looking on the bright side, China is now quite a good market for upscale goods. I have been selling quite a few collectibles there (bit of a hobby of mine). These days they (mainly through HongKong) are my main customers. I think they are ready to be a decent market for quality consumer goods, like Japan.