Serious question about China

[Salty RI]

I think they make good chopsticks. [emoji1]

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[GypsmJim]

If an American company outsources to China (to get the cheap labor), and they have control over the manufacturing process, then the china products are OK. (Shame on them because they have screwed American workers))

If a China company copies intellectual property and sells knock offs, the quality is ****. (shame on the person that unknowingly buys the chinacrap)

China has the capabilities, but they don't have the moral integrity to respect their workers of the environment.

I speak from personal experience...

 

[Doug627]

They sure know how to make people. As to missiles and rockets, didn't Clinton give this information to them so they were able to catch up with us?

 

[Cellar Hound]

In 1977 I bought a Huffy 10-speed bike for $99.99 so I could ride to Little League practice..... The same bike today is $79.99 at retail.... 20% reduction in price after 43 years... Cheap stuff is like a drug... These are choices we make..... Macroeconomic equilibrium principles will always be in effect.

 

[peter-paul]

They were able to effect technology transfer through espionage, and expand on it through the use of joint technical Engineering studies between universities.

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[dockmurgw]

didn't Clinton give this information to them so they were able to catch up with us?

A hundred bucks to his foundation bought a lot of American technology.

 

[hsguy]

I think the main problem lies in the US companies chasing the lowest cost and highest profit that the consumer will tolerate. Easy to blame China but all the products they build are built to the specifications and tolerances that the US companies contract for.

 

[DeathGrip]

One of my old customers got him a Chinese bride.

I don't think she's gonna last much longer than a Chinese can opener.

 

[Ματθιας]

Pharmaceuticals. Everybody that's dependent on pharmaceuticals, had better hope that industry comes back to the USA or to some other friendly nation. China could cut us off and...well it wouldn't be good.

 

[DeathGrip]

I don't think much of the world is happy with China lately.

 

[The Analyst]

The transfer of technology and production, especially to asian countries, was greatly accelerated in the 1960's & 70's. The so-called American patriots who went to those countries and showed them how to do it sold this country right down the river. And they did it solely for profit. Unfortunately, those in charge agreed to these transfers by signing off on trade deals and accepting huge payoffs. I hope they all burn in the fires of ____. Americans probably could have prevented this drastic change by not purchasing the "junk" that was being imported. But we can't get 1,000 people to stand together for the benefit of our own citizens. Sure as heck aren't going to get several million to unite. As previously mentioned here by others, Americans got used to cheap products and continue purchasing them at an alarming rate. All the while screwing over their fellow citizens. As a present day, very wealthy business man once said, (I'm paraphrasing here because I don't remember his exact words, but went something like this) "Americans are the most stupid consumers on earth but I love 'em because they made me rich."

 

[Golddollar]

I prefer to buy US-made when I can, though, and often scour second-hand stores for old hand tools, such as wrenches or clamps.

My brother and I have taken to scrounging in consignment stores and Goodwill stores for US-made kitchen utensils.

 

[Dave_n]

Pharmaceuticals. Everybody that's dependent on pharmaceuticals, had better hope that industry comes back to the USA or to some other friendly nation. China could cut us off and...well it wouldn't be good.

What is often not realized is that most of what are known in the "trade" as "APIs" (active pharmaceutical ingredients) are effectively made in two places. India and China. As mentioned in the quote above, people had better understand what has happened and what could occur. At the moment, the one area that is still in predominately US/EU hands is the area of novel biologicals, but now, a very significant number of what are known as "biosimilars" are being sourced in India and China as these are molecules that have now moved out of patent. The FDA inspectors that deal with these suppliers to the US market have been constrained by reductions in funding for the last few years, as politicians of both "stripes" are constrained by highly successful lobbying by all pharma companies to keep "source prices low" but sale prices high. Dave_n

 

[robrossk]

I lived in Hong Kong for just over 3 years. I have traveled extensively in China and other SEAsian countries. You will find everything from A to Z, meaning new and very modern manufacturing and production facilities to dumps with sand/dirt floors. Same for quality. My former company was gung ho on China starting early nineties and went all in. What I started to see starting around 2012-2013 was an effort to begin re-shoring both sourcing and production with the mentality of made in China for China market. I am referring to industrial components. As to consumer goods, we are reaping the harvest of our consumer driven economy. We want more and more, bigger, faster, latest and greatest of everything and we want it dirt cheap. That said, I think China will have a major labor shortage in 1-2 generations because of the one child policy. Hopefully good for us and other countries that went full throttle in China. Just my 2 cents.

 

[vt_shooter]

We should be making everything we use in this country to keep people productive and believing there's opportunity, even if it's only factory work.

 

[ladder13]

Krugman. He has been wrong about a lot of things. Smug as hell, too.

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Who?

 

[ladder13]

They sure know how to make people. As to missiles and rockets, didn't Clinton give this information to them so they were able to catch up with us?

Shhhhhhhhhhhh........

 

[Rastoff]

Home Depot opened some stored in China. A reported interviewed a few Chinese locals about it. When asked if he shopped at Home Depot one Chinese fellow said, "No. I never shop there. All they sell is Chinese junk."

 

[woodsltc]

Things made in China....hmmm let's see.

Well they did make a Chinese Virus that seems to last (damn thing won't go away )..........but I can't think of anything else made there that lasts very long.

Don

 

[MRB1]

I recall the cheep Jap junk, but little stuff from china. Then, Japan took to quality. The only thing I can think of made in china that has outlasted expectations is their virus. We priced ourselves out of a lot of markets due to union contracts and the low quality sometimes associated with them. If and when the manufacturing returns to America, prices will be ridiculously high, and the quality will be low. I won't buy anything made in china, but will buy German before American, just due to quality.