Monday, April 12, 2010

Is the US losing China? Or China losing the US?

http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2010/04/11/BUD31CR134.DTL

It is very interesting that few top executives of some US corporations that have manufacturing in China are still preaching the benefits of doing business in China. What do you think if you are one of those lost their jobs because their companies moved most of the manufacturing, R&D to China? Who actually benefits from such moves? The one who lost jobs? Or the top executives who got millions (if not billions) of bonus because the low Chinese cost increases the company's current stock price?

On one side, the free democratic Western world is still China's biggest market. On the other hand, the China market promised by so-called China Experts is not available to most of the Western Corporations.

The "China market" had lured a lot of capitals from the free Capitalist world. However, the "China Market" is controlled so much by the Chinese government that it is impossible for the Western corporations to reach. All these make the "China Market" mirage losing its luster. In our short term memory, the cases of Google and Rio Tinto have told us more than those smaller businesses that were quietly disappeared.

I hope the US policy makers can see through the false promises of China Market and the truth of who are paying for and being sacrificed by the China growth.

3 comments:

逸凡逸凡 said...

great msg for me, thanks a lot dude˙﹏˙

Converstions with Taiwan said...

Many times, short-term gains blind us so much that we don't want to see the future losses in the long run.

BurtonClary031 said...

非常感謝~3Q~....................................................