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Originally Posted by Canmoore
correct me if i am wrong please
But isn the Chinese economy based on cheap manufacturing and textile jobs, stolen from western countries?
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Not so much "stolen" but more like the west priced themselves out of competition.
Quote:
Originally Posted by Canmoore
So if China cuts off trade, those jobs would just go to the next lowest bidder would they not? perhaps India?
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Actually Southeast Asia, Indonesia, and Malaysia. The cheap manufacturing jobs are already moved there. China is now a leading manufacturer of electronics, much like what Taiwan and Korea were doing in the 70s and 80s. Eventually, China will be too expensive and this type of work moved to Vietnam, Thailand, Cambodia, Malaysia, and Indonesia. The stuff they do now will probably moved to Bangledesh and maybe Africa.
Quote:
Originally Posted by Canmoore
or perhaps Western companies would bite the bullet and bring those jobs back to the west, crippling China's economy?
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Impossible on a large scale. Companies would lose money and cease operation.