China having problems??? It's a start.
Posted: Thu Jul 08, 2010 9:29 pm
SHANGHAI (AP) -- Factory workers demanding better wages and working conditions are hastening the eventual end of an era of cheap costs that helped make southern coastal China the world's factory floor.
A series of strikes over the past two months have been a rude wakeup call for the many foreign companies that depend on China's low costs to compete overseas, from makers of Christmas trees to manufacturers of gadgets like the iPad.
"China is going to go through a very dramatic period. The big companies are starting to exit. We all see the writing on the wall," said Rick Goodwin, a China trade veteran of 22 years, whose company links foreign buyers with Chinese suppliers.
http://finance.yahoo.com/news/Companies ... 5.html?x=0
Maybe the rest of the world is finally waking up??? It doesn't say anything about Americans sick of buying chinese goods with low restrictions on quality, but I doubt the news media will ever address this issue.
A series of strikes over the past two months have been a rude wakeup call for the many foreign companies that depend on China's low costs to compete overseas, from makers of Christmas trees to manufacturers of gadgets like the iPad.
"China is going to go through a very dramatic period. The big companies are starting to exit. We all see the writing on the wall," said Rick Goodwin, a China trade veteran of 22 years, whose company links foreign buyers with Chinese suppliers.
http://finance.yahoo.com/news/Companies ... 5.html?x=0
Maybe the rest of the world is finally waking up??? It doesn't say anything about Americans sick of buying chinese goods with low restrictions on quality, but I doubt the news media will ever address this issue.