Quote:
Originally Posted by DirtyWhiteBoy
The ugly truth: The Chinese
Without them we would already be a bankrupt and non-functioning country.  |
The real truth about the Chinese is that along with already low labor costs the government has given Chinese manufacturers 18 cents for every dollar worth of product they import to the US.. Last year that VAT was reduced to 9%. Still,they are guaranteed 9% margin on every product they sell in the US.
Check and see what the margins are for Mobil-Exxon and the typical US manufacturer.
The Chinese have built their huge industrial capacity on the greed of US shareholders.Those mutual fund operators that demand short term profit from US companies at the expense of the long haul.
If the US government were to rebate every US manufacturer 9% jobs would flock back to the US in droves. I deal with China and Taiwan daily and It is no picnic. Language,long lead times,quality,constantly rising cost of raw materials and shipping costs are all still major issues.