Chinese manufacturing catching up to US

[LBJefferies]

http://money.cnn.com/2010/06/21/news/economy/china_us_manufacturing/index.htm?hpt=T2

When are we going to stop buying worthless garbage from the Chinese? We are GIVING our money to them and getting lead tainted toys, ugly clothes, and poisonous food in return. At least all the good shit is still manufactured here. You can all thank Wal-Mart for funding the growing Chinese military.

[Optimator]

We are GIVING our money to them and getting lead tainted toys, ugly clothes, and poisonous food in return.

And iPhones. Don't forget about iPhones.

[Massive Lee]

iPads, fake Schnitzer pedals, Mishimoto radiators, shiny headers...

[Quadrajet]

The Chinese made the investment in CNC machines and I have seen the result in Model kits being very precisely molded. I know they didn't make that investment just for the sake of models. I was telling that to a friend I worked with a few years ago.

IIRC it was about a year before the Chinese shot down that sattelite. Now that takes some doing.

[mrsleeve]

IIRC it was about a year before the Chinese shot down that sattelite. Now that takes some doing.

yup they used a land based ICBM to do so. 1 month latter we shot one down with a modified cruise missile launched from a Destroyer in the pacific. Just to put them back in their place, they have a long way to go. All they are good it copying and ripping off others design's just like the Russians Kinda odd both are commie/former commies.

[Farbin Kaiber]

Commies like to share.

[mrsleeve]

Commies like to share.

:rofl: well like may not be the word I would use but I get your point

[Wiglaf]

reading about china sometimes boggles my mind.

http://chinaelectionsblog.net/?p=6394

At Foxconn, the basic salary for an assembly line worker in Shenzhen is expected to jump from 900 renminbi a month to 1,200 renminbi, or $132 to $176. The minimum monthly wage in Shenzhen is 900 renminbi, or about 83 cents per hour.

That is after a 33% raise!! how do these people afford ANYTHING? I spend that much just to get to work!

Is that whole population in poverty or is the exchange rate THAT far off??

[mrsleeve]

reading about china sometimes boggles my mind.

http://chinaelectionsblog.net/?p=6394

That is after a 33% raise!! how do these people afford ANYTHING? I spend that much just to get to work!

Is that whole population in poverty or is the exchange rate THAT far off??

Rule number 1. Just because that does not buy anything here in our economy DOES NOT MEAN ITS CRAP WAGES IN THEIR ECONOMY. Those are middle class wages in China, and GOOD JOBS, thats why they have people fighting over them.

You cant compare what wages are there to what they can buy here.

[Erik j]

reading about china sometimes boggles my mind.

http://chinaelectionsblog.net/?p=6394

That is after a 33% raise!! how do these people afford ANYTHING? I spend that much just to get to work!

Is that whole population in poverty or is the exchange rate THAT far off??

Save up 20k$ and move out there, you could live like a middle class king for the rest of your life and never have to work... as long as you dont buy anything but rice and fish.

[Wiglaf]

Rule number 1. Just because that does not buy anything here in our economy DOES NOT MEAN ITS CRAP WAGES IN THEIR ECONOMY. Those are middle class wages in China, and GOOD JOBS, thats why they have people fighting over them.

You cant compare what wages are there to what they can buy here.

no shit :roll:

I think this happens in virtually every country. I don't know how we determine exchange rates but it obviously is not grounded in reality.

[mrsleeve]

no shit :roll:

I think this happens in virtually every country. I don't know how we determine exchange rates but it obviously is not grounded in reality.

so what was your point then???

[liquidgroove]

reading about china sometimes boggles my mind.

http://chinaelectionsblog.net/?p=6394

At Foxconn, the basic salary for an assembly line worker in Shenzhen is expected to jump from 900 renminbi a month to 1,200 renminbi, or $132 to $176. The minimum monthly wage in Shenzhen is 900 renminbi, or about 83 cents per hour.

This is not the end of story yet. Foxconn later also announced to increase the salary to 2000 RMB (~$300) for majority of assembly workers. For those don't know, company has to provide housing, meals and insurance for these workers as well.

This move basically shocked many manufacturing in China and Chinese government. As they will be forced to provide similar salary. There will also be good chance to have big inflation in China.

This is why RMB rate will soon get adjusted.

[ck_taft325is]

I read somewhere (IIRC, Forbes) that India is also in a position to take a shot at America's manufacturing title. The difference is that China is stuck with old smoke stack type manufacturing with a very low-skilled work force while India is moving towards more high end manufacturing. China has a lot of populace to throw at the grinder of "progress" though.

[M-technik-3]

You can thank Bill and Hilary for allowing them into our bed. They will steal us blind on anything they can make a profit on. The USSR had an awesome humint network that garnered any info to their war machine and continue to do so.

Technology is not free, it should be kept tightly under watch.