Tuesday, March 20, 2007

Not Made in China

I heard this on a PBS program on China, and was so stunned I had to google it. Here's a factoid for you ...
China is losing more manufacturing jobs than the United States. For the entire economy between 1995 and 2002, China lost 15 million manufacturing jobs, compared with 2 million in the U.S.


That's quite a stunning revelation indeed, and should give pause to those politicians and commentators who claim an artificially deflated yuan is responsible for US manufacturing job losses!

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