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Originally Posted by crockett
You are missing what I said. There is a very large and growing middle and rich class in China and they "want" quality American made products. They don't want cheap stuff that is made in China. Buying American made goods is a form of a status symbol there. It means you are rich enough to do it.
So while you ship stuff there which would likely be very cheap because the trade deficit is so big you could then turn around and export stuff as well. The shipping container goes both ways...
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I know what you mean, from what I know almost 10% of their population is middle class or wealthy, which is 140mil. now? But the thing about cheap China products...nowadays everything is made in China, so also the expensive stuff. Yet, some snobbish stuff may work, old western brands.