Manufacturing Industry
Why there's no need to fear China.(Back talk)
Manufacturing Business Technology, March, 2005 by Hill, Sidney, Jr.
Just hearing the word China strikes fear--and a certain amount of loathing--in some quarters of both the U.S. manufacturing and high-tech sectors.
Those emotions stem from the perception that China, with its giant pool of low-cost labor and what some believe are unfair trade practices, is pilfering American manufacturing and technology jobs. Last month, the U.S. Business & Industry Council (USBIC), a Washington-based organization representing small and medium-size domestic manufacturers, said offshoring jobs to China and elsewhere contributed to a record $617.7-billion U.S. trade deficit last year.
The group called for strong measures to address what it calls "a crisis in U.S. manufacturing." Its recommendations include a China trade bill with...
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