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Originally Posted by olsaltybastard
I would have to agree with Craig. Yes, manufacturing in the US is going down, but other industries are taking it's place, hence the low unemployment rate. Yes, the Chinese are going to screw things up in the next few years; almost everything made over there is junk. Eventually they are going to get things straight or go out of business. I'm actually looking forward to the eventual fall of communism over there.
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I think the economic/manufacturing situation in China is similar to Japan in the 50s (on a much larger scale), just give them 20 more years. China is already looking for extensive trade agreements with India and many african countries. At this point, they are communist in name only (with human rights issues), but my biggest concern is their failure to enforce intellectual property law.