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Sony to make all Playstations in China :(
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However you want to call it is fine with me, as long as I can take advantage of the siutation and make a profit, that's fine. The living standard over there is low compared to the western world, so we can pay them 5% of what workers make here and still get the same quality products, I say why not?
Originally posted by: Jugernot
Yah, just about everyone goes there, right?
Chinese manufacturered stuff is crap for the most part, I'm not going on old stereotypes or old opinions. This is first hand experience with good made there. THey aren't great quality for the most part.
QC is QC. If you manufacture a cheap generic product - don't expect too high standards. If you are an agent for an established company (ie Sony) - expect the same QC to be applied to your work where ever you do it.
Andy
Originally posted by: Jugernot
Yah, just about everyone goes there, right?
Chinese manufacturered stuff is crap for the most part, I'm not going on old stereotypes or old opinions. This is first hand experience with good made there. THey aren't great quality for the most part.
Care to elaborate? Examples? My Made in China DVD player has been serving right for over 2 years now, plays everything that Sony players can't.
Originally posted by: Jugernot
Yah, just about everyone goes there, right?
Chinese manufacturered stuff is crap for the most part, I'm not going on old stereotypes or old opinions. This is first hand experience with good made there. THey aren't great quality for the most part.
i agree, but things change you know. there was a time when japanese manufactured stuff was crap for the most part. you can't just look at mcdonalds happy meal toys made 10 years ago and assume that all products made in china will be that way forever.
you know, instead of seeing how bmw and sony choose to do business in china, and assuming that the quality of the products will degrade, why don't you assume that it means china's ability has improved? especially for a company like bmw... do you really think they would have made that decision without first doing extensive research to make sure that their brand name would not be tarnished? or do you think you know better than them...
Originally posted by: Jugernot
Yah, just about everyone goes there, right?
Chinese manufacturered stuff is crap for the most part, I'm not going on old stereotypes or old opinions. This is first hand experience with good made there. THey aren't great quality for the most part.
Winning cheap plastic toys at the carnival does not constitute the manufacturing quality of a nation.
Any nation can choose to make good or bad products. The newer companies from China, namely Haier, make products that rival the quality of the best brand names here.
I was kind of hoping import taxes would die a death!
How can a country (the EU is guilty of this also) scream "free trade" at the world, and then when another opens up its trade - slap import taxes/tariffs on their goods - to protect unprofitable domestic industries such as steel for example - surely not only does that damage the country that has entered free trade (it becomes a one way street) but it is also anti-capitilist and hypocritical?
Andy
Gonad the Barbarian
Lifer
Word, Sony is worse than Bose. Bose at least makes overpriced crap of decent quality, Sony makes overpriced crap of crappy quality.
Zebo
Elite Member
You guys please wake up the evidenece is all around you huge debt and underemployment. This globalization scam is only going one way dollars, capital, firms and jobs out of the US while everyone you buy from puts heavy tarrifs on our products so they can't come in. We are becoming third world while Asia gets very rich and Euorpe too to a lesser extent.
Why does trade deficits matter?
Why does trade deficits matter?
I would hardly call the guys working for Gap and their ilk - or a majority of the countries they live in anywhere near rich! I would also not describe the US as in anyway poor. You are in no danger of becoming 3rd world.
Take a look at the US's own trade tariffs - if you need a hand looking for sneaky trade tactics ask yourself "When is a catfish not a catfish? When its not an american catfish".
Andy
Zebo
Elite Member
I take it you've never been to china or Japan. Chinese save 15% of thier incomes and Japanese 30%. Hard to save if your straving. They live very well and have very few social probelms like the US. I gues it how one defines "Standard of Living" if debt to finance purchases is your criteria the united states does have a higher standard for now.
well parts of china live well (mostly cities)... having been there, i can tell you that there are parts that are definitely worse off than here. you can't drink the tap water in a lot of places, for example. and the homeless look like they're about to die (probably because they are), unlike the well-fed and clothed homeless here.
personally, i think the living standards of china and the US are about the same as far as the range goes, but america has a skew to the right of the curve, whereas china has a skew to the left.
Zebo
Elite Member
Just give it five years🙂 China is growing at 10% every year (because they make things), heavily investing in infrastucre, buying up vauable capital/business assests while The United States is seeling off all our once leading industies, getting into huge debt, and shrinking economically. Anyway I just find it funny to even compare the standard of lving in a not so long ago third world country to the most powerful nation in the world. And thier still a question which is better😉 A better comparison would be Japan who everyone said was hurting in the 90's, a myth they were masters at perpetuating to keep trade barriers in place and avoid thier social responsiblities for WWII. No doubt Japanese are better🙂
"1. Living standards increased markedly in Japan during the so-called "lost decade" of the 1990s. So much so that the Japanese people are now among the world's richest consumers. (See separate article below.)
2. Japan's trade has continued to expand. Japan's current account surpluses totalled $987 billion in the "disastrous" 1990s. This was nearly 2.4 times the total recorded in the 1980s (when the surpluses were already so large that Japan was regarded as the "unstoppable juggernaut" of world trade).
3. Although you would expect the Japanese yen to have declined sharply against, for instance, the US dollar in recent years, the reverse is the case: the yen's dollar value has increased 19 per cent since the beginning of the Tokyo financial crash.
4. At last count, the all-important Japanese savings rate, which has been the main driver of the country's success, was 14.9 per cent of GDP. This is one of the highest rates in the developed world. (The rate for Britain is 7.7 per cent.) It means that Japan has recently been accounting for nearly 30 per cent of all new savings in the OECD group of rich nations. It is sometimes suggested that Japan's high savings rate is a problem.
If so it is a problem that most of the world's nations would be delighted to have. (To the extent that there are excess savings in Japan, these can be easily and -- in national power terms -- highly efficaciously deployed in buying foreign assets.) 5. Japan has continued to invest heavily in its industries and infrastructure. Investment per job in manufacturing, for instance, has consistently run at about twice the rate of the US over the last decade.
6. Although the eagerness with which Japanese investors snapped up foreign assets in the 1980s was a major reason why Japanese expansionism came to be eyed so suspiciously in the west, Japan's net foreign assets have continued to mushroom. As measured by the IMF, they have nearly quadrupled in the last 12 years. How do we reconcile this with reports that the Japanese banks' problems have been forcing a wholesale retreat by Japanese finance from foreign markets? The reports are nonsense. A nation's ability to export capital is a function not of its banks' financial health but rather of its trade performance: each dollar of current account surplus creates a dollar of capital exports. So long as Japan continues to run the world's largest current account surpluses, it will remain the world's largest capital exporter.
7. As a glance at Tokyo's crane-filled skyline confirms, even in the hard-hit real estate sector the pace of investment has continued at an astonishing rate. An all-time record of more than 2.2m square metres of new office space will be completed in Tokyo next year. On the site of a disused railyard near the Ginza shopping area, no less than 12 major buildings and many smaller ones are being erected in a single huge development which will create more space than was contained in the New York twin towers.
8. Japan passed the US in the early 1990s to become the world's largest foreign aid donor and as of 1999 it was paying out 67 per cent more in aid than the US. The UN is just the most prominent of many international bodies that depend heavily on Japanese money. (Japan accounted for nearly 20 per cent the UN's budget in 2001). Tokyo is reaping a rich reward in terms of rising influence in everything from the International Whaling Commission to FIFA.
9. Corporate Japan's worldwide spending on sponsorship -- on everything from motor racing to university education -- has grown by leaps and bounds. In the latter half of the 1990s, Japan's sponsorship budget in the US alone increased by about 80 per cent. In Britain, a particularly interesting recent instance of Japanese sponsorship is the Asahi Shimbun newspaper's multimillion pound funding of improvements at the British Museum. It is hard to imagine, say, the Guardian, which is roughly the Asahi's British counterpart, doing anything similar in Tokyo. In fact the Guardian can1t even afford a staff correspondent there. By contrast, on the strength of big increases in advertising paging in the last decade, not only can Japanese newspapers like the Asahi afford large bureaus in Britain but they can undertake extensive worldwide goodwill programmes."Good read on the next superpowers
I would say (in my layman capacity) - on looking at the evidence that the US is incredibly well off in the world - and most of that is due to their trade. I wouldn't use the word "victim" - not unless it applied to Vietnam - or Haiti - for example.
I can see what you are saying but (as an outsider) I'm having great difficulty sympathising with the US.
Cheers,
Andy
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