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| Yes | 51% | 140 votes |
China will not be punished by American protectionism. Both countries may suffer diplomatic setbacks due to an epidemic of recalls on products made outside of U.S. safety guidelines, but overall; China has the low pay-high skill masses, we have the legal and ethical messes.
Although the Chinese may not appreciate the incessant wave of product recall; It is considered funny when American lawyers sink their teeth into frivolous lawsuits over hot coffee on lap or missing pants at the cleaners. The world laughs with them, however, when FiFi's mama joins with a whole class action suit against dog-food makers in another continent, now that relationship may sour as toothpaste in the mouth!
Consumers are the cornerstones of the market, a return to quality will force China to rise above unchecked ethical concerns. The Asean summit will coalesce all major powers in the East. China, already under human rights scrutiny, will behave appropriately in order to command much of the global dry goods market.
The poorly planned trade market will rebound as soon as the stocks restore faith in lending practices across U.S. and the globe.The Shanghai Composite Exchange has fallen 2.1% while the Hong-Kong Hang Seng went down 3.3%. Ripples from the American credit failure have damaged the infrastructure of financial confidence world-wide, so, China may have some cover for the duration of the crisis.
The Chinese have been wise merchants long before the advent of bread making in Europe and America. It is no surprise to note that Chinese businessmen are planning to establish distribution and marketing firms all over the U.S.. In the past, China only earned about 20% of the retail price of it's product; this move would eliminate the middleman and thereby restore an economic balance to the trade.
Few, outside of commerce, had foreseen the addictive nature of low prices upon the consumer. Wal-Mart is suffering as the export of jobs has created a vacuum within the habitual spenders' community. Despite cheap supplies from China, their earnings took a substantial downturn on the second quarter '07, below expectations.
Shipping back the offending toys sounds too good; say "good-bye,pink Polly" "so long, Sarge" she didn't get her permanent resident card, no more visas for you little plastic guys! Not until you make sure you do not pollute waters with lead paint and make real amends for endangering Junior with potential pernicious poisoning.
China suffers a 5.6% inflation rate, while production climbs at a brisk 18%, the socio-economic divide widens and is becoming an investment nightmare over there. Red is the color to predict for the near future while real-estate is at a galloping premium in China. Barring an Eastern style revolution of the lower labor echelons, China will soon recover from any trade difficulties.
Africa is being groomed by China, as both resource and petroleum provider, and client base for all they have to offer to developing nations. China already has cornered the Eastern coast markets, Somalia, Sudan, they have slowed their export of arms to defuse the conflict in Darfur. So the world is watching this controlled environment by largely irrepressible peoples.
Learn more about this author, Nadine Sellers.
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