by R.G. Altarejos

Created on: December 15, 2009

Under-market goods flood superstores' shelves

A growing number of consumers nationwide,just love bargain-hunting and buying cheap goods, not from domestic manufacturers, but from China. A good example is Southern California-home to superstores like the Home Depot, K-Mart, Target , Sears and other supercenters that survive mostly on the continuous influx of under-market goods from Asia.

Over the years, however, the big establishments above had provided a steady jobs for thousands of people who had contributed a great deal to the city's coffer. This is not to mention the huge revenues generated from sales taxes collected from these companies, which in turn contributed to the country's coffer for many years now.

The presence of these companies, especially those that sell under-market goods, allows consumers to stretch their budget. If it's the only the most economical way to cut down on household expenses, why not? Already saddled with unpaid mortgage bills and other household utilities, most people just wanted to stretch their dollars to buy things that are much affordable to the ordinary pockets.

And don't be surprised at all why these business establishments are capitalizing on this economic recession that now haunts most people so that China saw this as a rare opportunity to buy more and more fixed instruments that eventually resulted to a big trade imbalance between the United States and China.

But why do cheap Chinese goods still flood the United States markets? And is this advantageous to the economic interests of the American consumers? What is the United States government doing to at least minimize the impacts of these Chinese goods on the local manufacturers? These are the questions that pester the minds of the more than 500,000 unemployed right now.

Kimberly Amadeo, who writes about business and the U.S. economy for www.about.com, had explained that China still buys U.S. fixed instruments to keep the value of the yuan low so it can ship its products to the American markets cheaply. "This is good for U.S. consumers, but not as good for U.S. manufacturers, who can't compete," she added.

As this developed, supplies of imported goods into the domestic markets had remained steady. However, economists are doubtful that retail sales are expected to surpass last year's record owing to the economic difficulties that are being experienced by most people. Reports said retail sales last Black Friday were clear indicators as to whether the economic recession still

• 1
• 2
• 3
• 4
• Next Page >>