The Truth Behind China’s Low Product Prices and Rising Material Costs

Originally posted by Dallas

Perhap's their labor costs at something like 10 cents an hour has something to do with manufacturing it, packaging it, shipping it and selling it to retailers at a price some 80% lower than we can do it ourselves in the free world?

Dallas

Low labour costs has being the key to all the economic growth of Asia.

Starting with Japan after WW2, followed by the 4 Tiger economies, etc.

Its not rocket science, nor is China's path revolutionary. The reason why the African economies have yet to catch up is due to;

a) Political instability,
b) Lack of infrastructure,
c) my favourite, actually listening to the World Bank.

hahahaha,good job, some agents from Falungong thought they know everything about China and believe the greate economic archivement(15% annual GDP growth rate in the last 25 years) are made by some misery "slaves" led by a "evil" and "unuseful" government.

If you travel to China, please never tell such kind of story to Chinese people otherwise they will laugh at you and consider you as a very naive western person who obviously know nothing about China.

Originally posted by rapier28
Ummm....

I'am sorry to say this...

But is the whole thread based on the wonderful economic analysis provided by the Falungong, which is obviousely better then Forbes or most of the Nobel prize winning economists?

Correct?

[edit on 5-8-2005 by google_abcd]

[edit on 5-8-2005 by google_abcd]