Quote:
Originally Posted by afc wimbledon
Except that the chinese are now buying things themselves, they have the worlds largest untapped market, and that is what will put the US in firm decline in the next decade or two.
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But wouldn't you agree that the massive trade imbalance that the American's hold with the Chinese is a fail point.
For the chinese it sounds like the majority of their purchasing is either in resource or unfinished goods, and they work very hard to keep their markets semi closed to other nations finished goods?
Plus because of their ability to manufacture of the cheap any other goods are a lot higher priced then the homegrown stuff.
the American's are rightfully getting out of the manufacture of cheaper consumer goods because they can't compete cost wise with the emerging nations.