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Way to go Ford/GE
On Wed, 1 Apr 2020 08:09:02 -0400, "Mr. Luddite"
wrote: If the USA really clamps down on its reliance on Chinese manufactured items (as it should) the Chinese economy could be in for a free-fall. If it does, there's no turning back. The Chinese Communist government opened a Pandora's box about 30 years ago when they started embracing their government controlled version of capitalism and "free markets". Once a significant portion of their population start benefiting from this, there's no way to close the Pandora's box again. === It's important to remember that the western world has become more or less addicted to buying cheap manufactured goods from China. That is a major reason why we have enjoyed low inflation for the last 30 years or so. China has become the low cost producer for just about everything we consume and it will be extremely difficult to unwind that without major disruptions to our economy and standard of living. China has many millions of people willing to work at low wage factory jobs and we do not. -- This email has been checked for viruses by AVG. https://www.avg.com |
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