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US Congress committee approves China sanctions bill

The problem with C.A. is that he isn't here to exchange ideas, he's got one tune and he's sticking with it. If we don't like tough, and if we say we're tired of it, he calls it bullying, but any musician will tell you it is hard to play along with a one note tune.

Exactly. Ok I know you may have a problem with this but I have respect for Chogy, and to a lesser degree, Gambit because when they argue they try to present coherent arguments. You actually have points that you can refute and if both sides cooperate the topic won't become a flame war. I can't say the same for this guy.
 
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edit: lol just noticed they spelt bandwidth wrong.
 
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The fact is:

The United States is to rule, unilaterally, whether China is unfairly manipulating its currency against the dollar to promote its exports; if the case is accepted, it's a de facto declaration of economic war and a signal that now it is every country for itself.

The Americans aren't just making a noise. They will back their judgment with a tariff on Chinese imports into the US and China is unlikely to back down. It will fight fire with fire. Other countries, worried that the Americans and Chinese will dump goods on them that were destined for the Chinese and American markets, will feel it is legitimate to protect themselves in turn. Britain's export markets, open for two generations, will regress towards the closure of the 1930. Hopes of economic recovery will be dashed.
If the US declares economic war on China, we should all tremble | Will Hutton | Comment is free | The Observer

and not just the UK, this is going to be world wide, things cant go on as they are now.
 
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The Americans aren't just making a noise. They will back their judgment with a tariff on Chinese imports into the US and China is unlikely to back down. It will fight fire with fire. Other countries, worried that the Americans and Chinese will dump goods on them that were destined for the Chinese and American markets, will feel it is legitimate to protect themselves in turn. Britain's export markets, open for two generations, will regress towards the closure of the 1930. Hopes of economic recovery will be dashed.
If the US declares economic war on China, we should all tremble | Will Hutton | Comment is free | The Observer

and not just the UK, this is going to be world wide, things cant go on as they are now.

Sure, go ahead. Exports to the US count for less than one percent of total economic growth per annum in China. We'll just find other customers, and it will benefit us in the long-run.

It's not too good to rely on the USA anyway, the Economist has written that there might be a double-dip recession there. They might bring the world down again, and cause another huge financial mess. Best not to get involved.

I doubt Obama and Geithner will do it though, Obama bows to Hu Jintao... and Timothy Geithner (US Treasury secretary) got his degree from Peking University, and can speak Mandarin. This administration has always been soft on China, they back down on every issue, from the Yellow sea to Copenhagen.

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Whether they do it or not, it hardly matters.
 
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Sure, go ahead. Exports to the US count for less than one percent of total economic growth per annum in China. We'll just find other customers, and it will benefit us in the long-run.

It's not too good to rely on the USA anyway, the Economist has written that there might be a double-dip recession there.

I doubt Obama and Geithner will do it though, Obama bows to Hu Jintao... and Timothy Geithner (US Treasury secretary) got his degree from Peking University, and can speak Mandarin. This administration has always been soft on China, they back down on every issue, from the Yellow sea to Copenhagen.

Chinese-Dragon I think it is about time that we listen to our Taiwanese brother's advice. ;)
 
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If they really wanted rid of trolls, you fellows would be the first to go. You have by far disrailed this thread more then I.
 
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The fact is:

The United States is to rule, unilaterally, whether China is unfairly manipulating its currency against the dollar to promote its exports; if the case is accepted, it's a de facto declaration of economic war and a signal that now it is every country for itself.

The Americans aren't just making a noise. They will back their judgment with a tariff on Chinese imports into the US and China is unlikely to back down. It will fight fire with fire. Other countries, worried that the Americans and Chinese will dump goods on them that were destined for the Chinese and American markets, will feel it is legitimate to protect themselves in turn. Britain's export markets, open for two generations, will regress towards the closure of the 1930. Hopes of economic recovery will be dashed.
If the US declares economic war on China, we should all tremble | Will Hutton | Comment is free | The Observer

and not just the UK, this is going to be world wide, things cant go on as they are now.

WOW, WOW!

Easy, easy, man...

Tell me who doesn't manipulate currency? USA, Japan?

USA wants to stimulate export, it is purposely lowing its currency. But
Unlike many other countries, World’s largest economy, the US, cannot take advantage of altering its trade deficit by devaluing its currency, mainly due to China peg to the dollar.

How, China became a major impediment to a US devaluation to reduce debt?

...
Currency Reports & News | US dollar devaluation and China peg | 04 March 2010 | www.commodityonline.com

Peg to dollar is NOT manipulating. Instead, current rise of Yuan is manipulating.

SO the right statements should be US force China to manipulate currency.

What is US' response to Japan's recent manipulation of currency. Zero!
"China is not the only country with a predatory exchange rate policy," Sander Levin (D-MI), who chairs the powerful House Ways and Means Committee, said during a hearing on China’s currency manipulation, according to AFP.

Following China's Lead, Japan Begins to Manipulate Currency | Economy In Crisis

This is what we call "discrimination"! Just like white Americans discriminate black Americans. :devil:

As usual, only ordinary Americans and Chinese surfer after all...
 
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That is a misconception. Anyone with first hand knowledge of manufacturing knows how high tech it is. My cousin has worked in an assembly line manufacturing cell phones. (mechanical engineering degree with concentration in HVAC from a top university too, so I also disagree with those who say a bachelors means anything)

There is no such thing as purely manual manufacturing anymore except in final assembly. Everything is, to a degree, automated. Otherwise it's not possible to compete. Even most assembly line tasks are automated, in that the raw materials are input automatically, the line moves automatically, and the final products are automatically packaged. No one sits around, makes a box, and puts iphones into it. It's automatic; only small, extremely precise steps such as actually assembling the parts for an iphone which robots do too expensively or are not even capable of doing, are given to humans.

Let's take making a toy as an example. How do you make a toy? modern toys are solid plastic. No one carves plastic. Instead, liquid polymer is extruded into a mold, controlled by a computer, and carefully shaped. Prerequisite technology? Chemical knowledge of polymer reactions, maintaining polymers in liquid/solution form, design of extrusion mechanism, design of computer software to control the extrusion mechanism.

Evidence: Africans make 1/10th of what Chinese make. Why is Africa not a manufacturing center? Indians make 1/3rd of what Chinese make, why is India not a manufacturing center? There's lots of countries that have lower GDP/capita than China, why are they not all manufacturing centers if manufacturing is so low tech and anyone can do it?

Conclusion: no one else can substitute China's unique combination of competitive wages, high tech manufacturing, and the infrastructure to transport goods to market on time. For your manufacturing needs, please contact a qualified Chinese contractor.

Also, a misconception is that foreign companies actually OWN the factories that produce goods. They do not. It is far cheaper to contract manufacturing out to Chinese companies that specialize in manufacturing (who may manufacture simultaneously for many different, often competing companies). The goods are designed in the US, but the process design is in China. The goods (sometimes identical) would then be labeled with the Western logo, and then shipped out. It is far more expensive to lease the land and open a factory, which may lead to overproduction. Contract manufacturing moves the risk of manufacturing to another company while keeping the profits for yourself.

This reduces profits for Chinese companies but importantly, does not leave them at the mercy of Westerners, which could otherwise close factories at will.

Go to anywhere around Shenzhen, you'll see lots of these no name companies that actually manufacture everything.

The fact that China has the manufacture is that the Chinese are far more hard at work than the people of other countries. In addition, high level of education IS a factor.

But you can't deny the fact that cloths and shoes are shifting to Cambodia and Bangladesh, etc. already.

It is a relative word when we talk about high-low tech. There is a reason that China still can make decent jet engine for j-10.
 
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The fact that China has the manufacture is that the Chinese are far more hard at work than the people of other countries. In addition, high level of education IS a factor.

But you can't deny the fact that cloths and shoes are shifting to Cambodia and Bangladesh, etc. already.

It is a relative word when we talk about high-low tech. There is a reason that China still can make decent jet engine for j-10.

why shift to cambodia and bangladesh? inland china has higher wages but far more automation and infrastructure for economies of scale. china can simultaneously produce both high and low tech products at highly competitive prices, except analytical equipment which US and Japan have a monopoly on.
 
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