Thread: Buy American Our government at work

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Originally Posted by shine

business is business . believe it or not there are a lot of small manufactures moving back here. the cost of doing business in china has climbed as shipping has. china will let someone open a factory 2 blocks away and clone your products. look at the new truck they built. it's a damn f150 .

Amen, I can personally attest to that. I lived in Shanghai for nine years and when CarrFore opened up their first "supermarket" in 1992, all the locals went crazy and packed the place. Previously they had purchased their groceries from roadside stands. In six months right across the street, a local Chinese "knock off" supermarket opened its doors. Same thing with KFC, after six month two blocks down the same road a local "KFC" opened. The factory I ran made aircon units and we partnered with a local start up company to sell units. During the past twenty years they have opened up several factories and are now the biggest aircon seller in China. Message, make yer money while you can and then move on. Remember guys the local rank and file Chinese are the quintessential capitalists and will flip any foreign company if they think they can make a buck, with the backing of the government. There are more millionaires and billionaires in China now than most of the world combined. Sad fact of life.

Cheers, John, AKA, tin-man
Zhuhai, P.R.C.

[QUOTE=tin-man;456248] There are more millionaires and billionaires in China now than most of the world combined. Sad fact of life.

John - while I appreciate your enthusiasm, you're way off base here. A "millionaire" is not a rare occurrence anymore and I would venture to say that there are several millionaires that post here on a regular basis (value of assets minus liabilities)..

According to Forbes, there are just over 1,200 billionaires in the world, specifically;
United States has 412 billionaires or - 34%
China – 115 - 10%
Russia – 101 - 8%
India – 54 - 4%
Germany – 52 - 4%
Turkey – 38- 3%
Hong Kong – 36 - 3%
United Kingdom – 32 - 3%
Brazil - 30 - 2%

The "rest of the world" has the other 19% is decreasing numbers..


The richest entity in the world is Carlos Slim Helu & family of Mexico - $74B

The US has four of the top ten - representing over 170 billion dollars (Gates - $56B, Buffett - $50B, Ellison - $39.5B and the Walton family - $26.5B)

The "richest" Chinese is Li Ka-shaing (Hong Kong) at 26 billion. That's not chopped liver, but is pales to the total

Total controlled by Chinese "billionaires" is +/- $230B
US billionaires alone control $1,578B

Doesn't make me any happier about the volume of product we import from China nor the fact that the Chinese government owns 37% of our national debt - but real money still lives in America. I'd like to see our government re-write procurement laws to favor more American made goods and services but the unfortunate result of our ultra greedy "entitlement generation" is a boat load of people who have gotten so used to instantaneous gratification that they don't know how to work and they have grown lazy. I'm afraid we've not see the worst of our economic woes as we continue to borrow at the government level.

I'm ranting, but at least it's to my friends!!
Glenn

[QUOTE=glennsexton;456441]

Originally Posted by tin-man

There are more millionaires and billionaires in China now than most of the world combined. Sad fact of life.

John - while I appreciate your enthusiasm, you're way off base here. A "millionaire" is not a rare occurrence anymore and I would venture to say that there are several millionaires that post here on a regular basis (value of assets minus liabilities)..

According to Forbes, there are just over 1,200 billionaires in the world, specifically;
United States has 412 billionaires or - 34%
China – 115 - 10%
Russia – 101 - 8%
India – 54 - 4%
Germany – 52 - 4%
Turkey – 38- 3%
Hong Kong – 36 - 3%
United Kingdom – 32 - 3%
Brazil - 30 - 2%

The "rest of the world" has the other 19% is decreasing numbers..


The richest entity in the world is Carlos Slim Helu & family of Mexico - $74B

The US has four of the top ten - representing over 170 billion dollars (Gates - $56B, Buffett - $50B, Ellison - $39.5B and the Walton family - $26.5B)

The "richest" Chinese is Li Ka-shaing (Hong Kong) at 26 billion. That's not chopped liver, but is pales to the total

Total controlled by Chinese "billionaires" is +/- $230B
US billionaires alone control $1,578B

Doesn't make me any happier about the volume of product we import from China nor the fact that the Chinese government owns 37% of our national debt - but real money still lives in America. I'd like to see our government re-write procurement laws to favor more American made goods and services but the unfortunate result of our ultra greedy "entitlement generation" is a boat load of people who have gotten so used to instantaneous gratification that they don't know how to work and they have grown lazy. I'm afraid we've not see the worst of our economic woes as we continue to borrow at the government level.

I'm ranting, but at least it's to my friends!!
Glenn

No issues Glen my point was made in support of the prior post and while I did not refer to Forbes when I made my comment, China is for sure churning out wealthy people by the day at the expense of foreign funded companies prior relationships. Hyperbole for sure, but sadly based on hard facts regarding being subject to cloning, back yard rip-offs or just plain government backed funding to support development of proprietary designs attained thru less than legal means or just plain reverse-engineering. One thing for sure I am not one of them.

Cheers, John, AKA, tin-man
Zhuhai P.R.C.