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  1. #1
    JUB Addict maxpowr9's Avatar
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    Re: China to Steer Towards Consumption Economy

    Actually no, it doesn't bode well for the US. It's the global march downward [since the US is opposed to protective tariffs] and the situation in the US will not improve.

    There are plenty of other 2nd and 3rd tier Pacific Rim countries, including India, to exploit before manufacturing gets shipped back to the US.

  2. #2
    JUB Addict maxpowr9's Avatar
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    Re: China to Steer Towards Consumption Economy

    Quote Originally Posted by JockBoy87 View Post
    The article said 38% of US manufacturers report that they plan to move their operations to the US or to a nearby location. India is neither Pacific Rim nor close to the US, although Mexico is as the article stated itself.
    "Report" is not "occurring". Did you not learn anything for the horrible media lately. They can "report" anything but not claim it is "factual".

  3. #3
    stop the bullshit rareboy's Avatar
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    Re: China to Steer Towards Consumption Economy

    I'm not as optimistic as you I'm afraid. I don't think the middle class manufacturing economy is going to ever return to North America.
    I just see China going into hyper production mode...remember that they have tens if not hundreds of millions who can still be co-opted or coerced into working at near slave wage levels.

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