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ChasingBlueSky

China, Inc

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During the biz hour news report on the radio they interviewed the author of "China, Inc"

Two interesting stats he quoted from the book:
70% of Wal-Mart's commodities are made in China.

American companies that have invested in China (McDonalds, Ford, etc) now make more there than from the rest of their global profits.

The idea of the book is to draw attention to how China has the economy as it's #1 focus and it will have a direct, and possible overwhelming effect, on the rest of the global economy.
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you can burn the land and boil the sea, but you can't take the sky from me....
I WILL fly again.....

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Whats in the future:| Chinese Microsoft[:/]



Bill Gates recent speech at Berkeley

MS can't make money off of OS licensing fees as it is.
Intellectual property rights in China suck.

IBM has sold its PC division to a Chinese company.

Quote

Probably the biggest thing we get into is intellectual property and the whole question of, you know, take China. In China today Microsoft software to the 99 percent level is free in China, and I'm not just talking about the consumers, I'm talking about to companies and government agencies. The compliance with licensing the software is very low.



The most interesting part of the speech is where he promotes Computer Science as a recommended degree. He danced around the outsourcing issue and whether the graduates would be able to find jobs.

On other websites, the students thought he was being evasive and didn't feel like he gave them any positive hopes at all.

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Hi:)
Based on your quote IMO BG was being evasive about job prospects in the US for his industry. But if theres an over supply of CS workers in the US, CS labor costs might drop due to the law of supply and demand.

Good new /bad news: Outsourcing may slow down:)

Bills a very rich man:).

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I believe that he People's Army is actually the world's largest corporation. Because they are a government agency, they generally escape the statistics, but if you look at what they own (manufacturing plants for consumer electronics, textiles, toys, etc, etc) and how they behave, they're pretty much a big multinational.
-- Tom Aiello

Tom@SnakeRiverBASE.com
SnakeRiverBASE.com

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Berkeley Journalism online

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Report: China Trade Costs U.S. Net 1.5M Jobs

From ILCA Online:

China's trade with the U.S. cost this country approximately 1.5 million lost job opportunities in the last four years, a new report says.

And, contrary to popular impressions, Chinese exports to the U.S. are moving upwards from labor-intensive low-cost goods--such as textiles and shoes--to high-tech goods and services, such as information technology, economist Robert Scott's study adds.

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So somebody please tell me why it's a good idea to play overly nice with China.

(particularly with their human rights level, there constant snubbing of UN and US policy, aggressive stance on everything, and general Nazi-esque behavior)


ps - that doesn't trigger a godwin, does it? :P
witty subliminal message
Guard your honor, let your reputation fall where it will, and outlast the bastards.
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"So somebody please tell me why it's a good idea to play overly nice with China."

Because they represent a huge marketplace for us to do business with, selling, and buying.

Otherwise, I'd be happy to let them rot for the various reasons you list and more.
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He who receives an idea from me, receives instruction himself without lessening mine; as he who lights his taper at mine, receives light without darkening me. Thomas Jefferson

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Because they represent a huge marketplace for us to do business with, selling, and buying.

Otherwise, I'd be happy to let them rot for the various reasons you list and more.



Quote

Report: China Trade Costs U.S. Net 1.5M Jobs

From ILCA Online:

China's trade with the U.S. cost this country approximately 1.5 million lost job opportunities in the last four years, a new report says.

And, contrary to popular impressions, Chinese exports to the U.S. are moving upwards from labor-intensive low-cost goods--such as textiles and shoes--to high-tech goods and services, such as information technology, economist Robert Scott's study adds.



Not exactly good business practice, is it?
witty subliminal message
Guard your honor, let your reputation fall where it will, and outlast the bastards.
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***70% of Wal-Mart's commodities are made in China.

I NEVER shop in Wal-mart

I make every effort NOT to buy goods made in the PRC

I realise I am in the minority but I have ethical and moral concerns about doing business with both those entities.

At some point,I believe we will have to promote some form of trade protectionism to preserve our standard of living[:/]
Marc SCR 6046 SCS 3004


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"Not exactly good business practice, is it?"

When has that ever stopped you guys?;)
It depends on what business you are in really. I'm in petrochemicals (oil business mostly) so I see a fairly bright future in China. Their domestic consumption is going to continue to increase, I build oil rigs, refineries etc, so I will be busy.....

Don't get me wrong, I share your misgivings on the moralities of doing business with China, and am just chewing the fat because its been awful quiet in here today.
--------------------

He who receives an idea from me, receives instruction himself without lessening mine; as he who lights his taper at mine, receives light without darkening me. Thomas Jefferson

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***Because they represent a huge marketplace for us to do business with, selling, and buying.

Otherwise, I'd be happy to let them rot for the various reasons you list and more.





As long as someone has money, any and all violations should be overlooked? Is that what you are saying. If Bin Laden was to suddenly spend millions on American goods should he be forgiven. Only a true capitalists overlooks human suffering for the almighty dollar.
"...And once you're gone, you can't come back
When you're out of the blue and into the black."
Neil Young

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"As long as someone has money, any and all violations should be overlooked?"

Not at all, but it does happen, that's capitalism baby.
I'm a socialist who earns his money working for one of the most reviled corporations in the world, but its what I do to put food on the table. At odds with my personal beliefs, probably, but I don't have the luxury of knowing how else to provide for the bairn.

It also depends on what you class as a 'violation', for example, maintaining the death penalty will count against a country if one tries to add up their 'human rights score card'. I'm guessing most people in the US see nothing wrong with the death penalty, cos thats the way they voted recently.

"If Bin Laden was to suddenly spend millions on American goods should he be forgiven."

Why not, it worked for Ghadaffi.....remember Lockerbie, Pan Am 103?
--------------------

He who receives an idea from me, receives instruction himself without lessening mine; as he who lights his taper at mine, receives light without darkening me. Thomas Jefferson

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So somebody please tell me why it's a good idea to play overly nice with China.

(particularly with their human rights level, there constant snubbing of UN and US policy, aggressive stance on everything, and general Nazi-esque behavior)

well, we do business with middle eastern countries,...buying their oil etc, ....and they are much worse in some ways. At least the Chinese aren't willingly harboring terrorists & promoting violent anti-western demagoguery etc...
Speed Racer
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At least the Chinese aren't willingly harboring terrorists & promoting violent anti-western demagoguery etc...



You need to check into your Chinese propaganda subscription, I think it's lapsed. :P Also, China directly supports terrorists when it wants to. The only difference is they're smart enough not to fuck directly with US interests by way of force (they do that via other means).
witty subliminal message
Guard your honor, let your reputation fall where it will, and outlast the bastards.
1*

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>So somebody please tell me why it's a good idea to play overly nice with China.

Because:

1. There are a lot of people who believe in the "the real heartland of america shops at Wal-Mart" and thus they gain political capital by supporting Wal-Mart (i.e. China)

2. They will eventually be a superpower, and it would be good to not start the next cold war 20 years early

3. They will be able to hurt us economically if they want to, and we're nothing without our economy

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1. Political capital is lost more easy than cash in Vegas.

2. It's be better to avoid a cold war (as it's more likely to go hot with the Chinese than it was with the Russians) but we both know that the Chinese don't co-exist; they tolerate or they dominate.

3. What do you think they could do to us that either we couldn't do to them or that they wouldn't do to themselves in hurting us?
witty subliminal message
Guard your honor, let your reputation fall where it will, and outlast the bastards.
1*

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China, the US already has a trade deficit of $162bn with them.
Thats about a quarter of your total trade deficit.
http://news.bbc.co.uk/1/hi/business/4254369.stm

Whether you like it or not, you are already doing business with them, large style!
--------------------

He who receives an idea from me, receives instruction himself without lessening mine; as he who lights his taper at mine, receives light without darkening me. Thomas Jefferson

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