Saturday, August 6, 2011
Made in China era coming to an End?
Doubtful for many of the reasons above. China isn't necessarily increasing imports while reducing exports as that leads to a net negative in terms of GDP, but more so its diversifying away from being so heavily invested in the US. But Jamie is right on with Africa, as I type this the Coltan in my computer, cell and every other electronic device in my house comes from mines in Africa which make Chinese workplaces look like saunas. The wealth distribution in Africa is more harshly divided than most any other place in the world and its land is rich with natural resources and labor.
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