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#42
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Any product from China worth buying?
George wrote:
HeyBub wrote: wrote: So why are we buying this stuff made in other countries anyhow. We only hurt ourselves with lack of jobs and higher taxes here in the US. Adam Smith in "The Wealth of Nations" (1776) settled this hash years ago when he proved that countries should do what they do "best." He didn't "prove" anything. He proved a great deal to the analytical, rational, and open mind. He postulated that there were three axioms to creating wealth: Division of labor, Self interest, and Free trade. The "Invisible Hand" of the market corrects for imbalance because people DO act in their own self-interest (whether they SHOULD, he left up to the parsons). His work has been recognized as the equivalent to economics as Principia Mathematica by Newton was to physics. But durable goods are typically purchased for longer usage periods (thats why they are called durable). And then there is the issue of what to do with all of the Walmart junk that fills landfills because you need to buy one every year instead of maybe every 20 years. Very much of the "junk" goes back to China, not landfills (over 1 million tons per year, by recent estimates). http://www.azcentral.com/arizonarepu...toxic1124.html |
#43
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Any product from China worth buying?
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#44
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Any product from China worth buying?
"Meat Plow" wrote in message ... On Sat, 24 Nov 2007 19:07:44 -0500, RichK wrote: [snip] Can't the Chinese make anything that will even approach what was on the US market before? They know how to cook. Chinese furniture, fabrics, native products can't be touched by U.S. or European manufacturers. Look at the joinery and construction in a good piece of Chinese furniture. No one does it better. Other Chinese manufacturing has been hampered by a lack of good steel, a result of Mao's decision to make steel a basis for the Great Leap Forward and backyard steel mills. China also suffered during that period by the effort of the central government to exert control and a lack of contact with the outside world, which kept China uninformed on technology developments. When the right resources are available -- including capital -- Chinese products can be world class, especially where it is the product of craftsmen rather than assembly-line production. FYI, Buick, Volkswagen, Benz, Ford and others now produce vehicles in China, and Chevy uses a Chinese-produced engine in one of their "U.S."-made cars. Most manufacturing compounds provide apartments for worker housing and hospitals and doctors for worker medical care. Medical care is provided by the manufacturer or a manufacturing consortium; worker apartment rent runs in the range of $5-$10 per month. (Rents for foreigners are measured in $1000s per month). Jaguar and Ferrari have had dealerships in China for over 25 years to capitalize on the Chinese luxury car market. The Heritage Foundation rated Hong Kong -- a special administrative region of China -- as having the world's best free-market economy. What's happened since 1997 is that, rather than having Hong Kong start to look like the rest of China, the rest of China is rapidly changing to look like Hong Kong, at least in the major population areas. The problem with Chinese product quality is to a large degree a result of design and management problems (including price pressure) by the buyer. China factories will produce whatever sells. There are some items that I will only buy from Chinese manufacturers -- e.g., furniture and wood work -- and others where the source is unimportant. I have enough experience with China to know that there are still issues with a clumsy central government, which really doesn't have much authority over the provinces, and with public perceptions that in some ways haven't changed in 30 years although China is light years different today. But if I'm going to buy something, I'm going to try and determine the quality of the product, or the reputation of the seller, and not worry about the original source of manufacture. |
#45
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Any product from China worth buying?
On Sun, 25 Nov 2007 05:37:49 -0800 (PST), jim
wrote: On Nov 25, 7:09 am, "HeyBub" wrote: wrote: So why are we buying this stuff made in other countries anyhow. We only hurt ourselves with lack of jobs and higher taxes here in the US. Adam Smith in "The Wealth of Nations" (1776) settled this hash years ago when he proved that countries should do what they do "best." I must admit I like a bargain as much as anyone else, but often those bargains end up costing more in the end. Spend $20 on an electric heater that lasts one year, or spend $30 on one that lasts 10 years. If you're only going to use the heater for one year, why pay a $10 premium? The king of this movement is good old Wallmart they led the charge to China , Mexico and to who ever could make it for what they wanted it. Face it America corpreate America is bitting you in the ass we get the same **** up here in Canada . It is sad but we want cheap prices so we get it for cheap for a reason. Exactly the reason to NOT shop at Walmart. I only go there if I absolutely must, like if I need toilet paper or pet food and all other stores are closed. Walmart sucks in every way. |
#46
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Any product from China worth buying?
On Sun, 25 Nov 2007 11:57:40 -0800, Smitty Two
wrote: In article Bak2j.213889$Fc.126562@attbi_s21, wrote: Norminn wrote: RBM wrote: Exactly, there are thousands of companies in China that only have the capability of crankin out crap. There are also thousands of companies in China capable of making top of the line anything. We get what we pay for. I think your dissatisfaction should be directed at the parent companies who clearly ignore quality control. Wonder what worker's comp. disability benefits are in China? They kick you out of the way, bring in another worker, fire you and harvest your organs for resale to the worlds rich. That way the company doesn't lose money because of loss of production from the time needed to force the next person to work the unsafe conditions. Nobody is forced to work in factories in China. They gladly work six 12-hour days for a $1/day in order to escape the difficult life of poverty in the rural areas. (Everything is relative.) Look up the June issue of National Geographic on China's Boomtowns for a good inside story. http://www7.nationalgeographic.com/n...geographic.com |
#47
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Any product from China worth buying?
On Sun, 25 Nov 2007 20:58:39 GMT, wrote:
PaPaPeng wrote: On Sun, 25 Nov 2007 12:46:30 -0500, Norminn wrote: RBM wrote: Exactly, there are thousands of companies in China that only have the capability of crankin out crap. There are also thousands of companies in China capable of making top of the line anything. We get what we pay for. I think your dissatisfaction should be directed at the parent companies who clearly ignore quality control. Wonder what worker's comp. disability benefits are in China? None. Low level factory jobs are not career jobs. Migrant workers work three or four years and move up, move out , move home or start their own enterprises. I guess then that this means that they have no incentive to improve their skills as far as manufacturing. Wrong. There is this intense hunger to learn everything they can while in the city and the factory. This is on the job education and training they never got at home. They had seen how peasants like themselves go to the cities before them and come back and prosper. They have seen how unschooled peasants like themselves become millionaires overnight. The old middle class had been destroyed by Mao. There is no old money and no old money power or class to block their rise. The new middle class are people like themselves. No doubt only a fraction will realise that dream of becoming significantly better than their old station. But everything is possible. The opportunities are wide open in every field and service. China is on the move. They know no one will give it to them. They will make it for themselves. I spent a few hours at Beijing's central train station watching migrant workers come and go. That place has easily 10,000 people at any one time. Those that were heading back had a distinct look of hope and confidence in their eyes and in their gait. Those that were coming in looked a bit lost but in no way were they frightened or submissive. They certainly didn't look or carry themselves like they were downtrodden and destitute. They are the future of China for they are truely the sons and daughters of the land. During my stay I watched a program on CCTV and it featured a self taught artis, now a university prof and one of the most wellknown in China, who came from one of the poorest parts of Shaanxi Province. One portrait of his featured three peasants squatting down in the train station that began as a video clip panning on to them and then dissolving into the acrylic portrait that captured exquisitely the hope in their eyes and the slightly opened lips gaping in wonder at their first arrival in a big city and their entry into a new life. It was then I realised that was exactly what I saw at the train station, the future of China. It was an awesome feeling. I asked my host how it is possible for an unschooled artist to become an art professor at the university. She said yes, but it no longer possible to do so. It was the Cultural Revolution that wiped out a decade of schooling. When the schools reopened any one who passed the entrance exams or had exceptional talent could be admitted to university. This is true because I have a married couple friend whose husband is a senior Heart Surgeon and the wife an Internist and WHO scholar. He missed school and went the entrance exam admission route. She had four years high school, no elementary. I also met another husband and wife team of top molecular biologists with PhDs from the States and only a batchelor's from China (no elhi schooling). If the above sounds improbable and unbelievable it does except I have come across many such examples in real life. Do read the book http://www.amazon.com/Gang-One-Memoi.../dp/0803243081 Gang of One: Memoirs of a Red Guard (American Lives) (Hardcover) by Fan Shen (Author) that has several chapters on his childhood while caught up in the Cultural Revolution. He too had no elhi schooling and he now lectures English in a NYC college if I remember. Yes and read that National Geographic article too "China's Boomtowns. http://www7.nationalgeographic.com/n...geographic.com This brings to mind another anecdote. My elderly relative visited Shenzen the boomtown near Hongkong. Only in China will you get a sightseeing tour that includes a visit to a sweatshop factory. So she chatted up this girl worker. She said. "Yes we know the shoe sells for $100. Our boss gets only a few dollars profit and pays us 40 cents an hour. We don't care. China has been poor for too long. We will work hard. China will grow rich. Then we will show them." And that sirs is the competition you face. |
#48
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Any product from China worth buying?
CFLs should not be used on dimmers.
Also proper disposal of these should be considred since it may have lead in it. |
#49
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Any product from China worth buying?
On Nov 26, 3:24 pm, cln wrote:
CFLs should not be used on dimmers. Also proper disposal of these should be considred since it may have lead in it. Mercury... sorry not lead. |
#50
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Any product from China worth buying?
Well Mr something is defiantly wrong. I don't think we have to worry much
about you owning anyone. With the pollution you generate and the toxic elements you use with no good reason in your products you won't be around long enough to do anything. China is in it's lawlessness phase where they will use glycol ethylene to sweeten toothpaste, lead in the paint used on kid's toys, deadly cooking oils, exploding beer bottles, melamine in pet food etc.... The air is so thick with pollution now in China that you won't live to see the age of 50. The workers have no safety protection, the Government is..... well no need to state the obvious. Good luck to you all. I hope you wake up before self destructing. Meanwhile I would rather machine my parts with my bare hands than buy something made in china that breaks as you take it out of the box. I do buy stuff made in Taiwan, their stuff is awsome but this was clearly stated in other posts. "Sum Ting Wong" wrote in message ... "RichK" wrote Hi All, Can't the Chinese make anything that will even approach what was on the US market before? No bashy, bashy, the Chinese. We soon to own you! |
#51
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Any product from China worth buying?
In article , "claude"
wrote: Well Mr something is defiantly wrong. Uh huh. Starting with your spelling, and including your ability to comprehend humor. I hope you can machine dish sponges and dry cell batteries and the motherboard in your computer by hand, because without Chinese imports, the store shelves in the United States would be bare. And I don't just mean the WalMart shelves. |
#52
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Any product from China worth buying?
Sum Ting Wong wrote:
"RichK" wrote Hi All, Can't the Chinese make anything that will even approach what was on the US market before? No bashy, bashy, the Chinese. We soon to own you! Remember some guy by the name of...oh, let's think..."Nikita" or something like that, wasn't it? -- |
#53
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Any product from China worth buying?
On Tue, 27 Nov 2007 08:20:43 -0800, Smitty Two
wrote: In article , "claude" wrote: Well Mr something is defiantly wrong. Uh huh. Starting with your spelling, and including your ability to comprehend humor. I hope you can machine dish sponges and dry cell batteries and the motherboard in your computer by hand, because without Chinese imports, the store shelves in the United States would be bare. And I don't just mean the WalMart shelves. As an aside I was watching The Antiques Road Show where what were once US and European made knick knacks and other stuff that one would have thrown away after they had served their purpose are now so lovingly restored and their history researched. And worth several tousand times their original retail value. Such everyday items of US or European origin will no longer be be available in future. In fact what can you identify as possible collectables outside sports cards and celebrity posters. This is an exercise in sociology, in contemporary history and other legit fields. Its not gloating about "China made." That said what is happening today is evidence and data for future sociologists and historians. What items will comprise this evidence and therefore a valuable collectable? |
#54
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Any product from China worth buying?
"PaPaPeng" wrote in message ... On Tue, 27 Nov 2007 08:20:43 -0800, Smitty Two wrote: In article , "claude" wrote: Well Mr something is defiantly wrong. Uh huh. Starting with your spelling, and including your ability to comprehend humor. I hope you can machine dish sponges and dry cell batteries and the motherboard in your computer by hand, because without Chinese imports, the store shelves in the United States would be bare. And I don't just mean the WalMart shelves. As an aside I was watching The Antiques Road Show where what were once US and European made knick knacks and other stuff that one would have thrown away after they had served their purpose are now so lovingly restored and their history researched. And worth several tousand times their original retail value. Such everyday items of US or European origin will no longer be be available in future. In fact what can you identify as possible collectables outside sports cards and celebrity posters. This is an exercise in sociology, in contemporary history and other legit fields. Its not gloating about "China made." That said what is happening today is evidence and data for future sociologists and historians. What items will comprise this evidence and therefore a valuable collectable? I hope you're not trying to imply that a 50 year old Zenith round-tube TV, an Osborne Computer, a Chevy Vega, Sunbeam toaster or a Bulova Accutron will someday become valuable antiques. AFAIK the valuable antiques are those which were special in some way -- limited production or availability, extraordinary characteristics, high craftsmanship, have a historical relationship, etc. As an analogy, an original GTO is valuable, a Pontiac Ventura of the same year, from the same production line, is just a clapped out old car. I'd differentiate between antiques and fads. Well made Victorian furniture is an antique. Collections of Coke bottles, comic books, baseball cards or Barbie dolls are fads. Future collectibles will be the same things that are valuable collectables now and have been for decades -- -- Good furniture -- Good pottery -- Good artwork -- One-of-a-kind items of high craftsmanship Chinese pottery is valuable the world over, and they continue to produce expensive and high quality products that will retain their value because of their craftsmanship. Mae Ping pottery comes to mind. High thread count silk carpets are another example. There are already highly collectible artworks by Chinese artists, but most Westerners haven't the experience to recognize the style or artist names -- but they sell for thousands of dollars in the Chinese art market. Another post commented on the low wages paid in China. What they missed is that the savings rate for Chinese workers is 20% -- they tuck away 20% on the average of their wages. So maybe their wages are in line with their environment -- Regards -- |
#55
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Any product from China worth buying?
On Tue, 27 Nov 2007 21:44:29 -0500, "JimR" wrote:
Future collectibles will be the same things that are valuable collectables now and have been for decades -- -- Good furniture -- Good pottery -- Good artwork -- One-of-a-kind items of high craftsmanship Chinese pottery is valuable the world over, and they continue to produce expensive and high quality products that will retain their value because of their craftsmanship. Mae Ping pottery comes to mind. High thread count silk carpets are another example. There are already highly collectible artworks by Chinese artists, but most Westerners haven't the experience to recognize the style or artist names -- but they sell for thousands of dollars in the Chinese art market. Good art and good crafts will always have their own following. But they are pricey and don't really fit into the average plebeian home. For myself I am not into collecting artifacts for investment or even for admiring. The items in the Antiques Road Show that really fascinate me are the everyday household items that have an interesting history. Western stuff are not my heritage but I have similar feelings for ordinary items of my Oriental crafts and we have our own idea of valued collectable pre mass production knick knacks. For example (my made up story), this is a maple sap collecting maplewood bucket that was made around the turn of the nineteenth centruy in Vermont by The Sugarplum Fairy factory. We can tell because there is a Tinkerbell logo on the bottom of the bucket and the patina on the wood is consistent with that period. These buckets were produced from 1910 to 1940 when the manufacturers switched to cheaper plastic. Include story about Maple syrup production and processing, etc. This bucket is in excellent condition and contains enough evidence that it was actually used to collect syrup. The patina is georgeous and will make an excellent conversation piece in any home. Blah, blah, blah. Try that spiel with a plastic Made in China bucket from Wally's. As for [50 year old Zenith round-tube TV, an Osborne Computer] the old wall-mount crank handle telephones and even more modern 'built like a tank' bakelite dail tone telephones are collectors' items now. A quick search on eBay will surprise you as to what people value as collectables. But somehow I still can't picture a Made in China item from Wally's making it into the shelves of collectables. There is no local or Euro-centric content, a history of some (American) worthy turning the raw material into a popular product that reflected the life of their times. And this brings back my original musings about the loss of heritage aritfacts, aka nostalgic collectables. Another post commented on the low wages paid in China. What they missed is that the savings rate for Chinese workers is 20% -- they tuck away 20% on the average of their wages. So maybe their wages are in line with their environment -- Regards -- What is happening in China today is truly astounding and equally incomprehensible. Except that it works and the results incontrovertible. Yup. They cost me my jobs, many times too, except I made it to retirement in one piece. I am proud for China can at last work for her advancement in peace and take its place among the leading nations of the world. This can't be comforting for the rest of the world that has to accommodate this development. I have no easy answers to that. As for the current thread on shoddy and toxic China made goods it will pass just as past accusations of China in other areas had passed before. It is product safety ignorance and not a conscious effort to cut corners to make the extra buck. These oversights are easily corrected. The competiton is far too intense not to respond to customer demands promptly whether at the regulatory level or on the production floor. It will not be a hot election issue by the time the Presidential election comes around. |
#56
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Any product from China worth buying?
In article ,
PaPaPeng wrote: As for [50 year old Zenith round-tube TV, an Osborne Computer] the old wall-mount crank handle telephones and even more modern 'built like a tank' bakelite dail tone telephones are collectors' items now. A quick search on eBay will surprise you as to what people value as collectables. But somehow I still can't picture a Made in China item from Wally's making it into the shelves of collectables. There is no local or Euro-centric content, a history of some (American) worthy turning the raw material into a popular product that reflected the life of their times. And this brings back my original musings about the loss of heritage aritfacts, aka nostalgic collectables. Collectables, at least within the Western and especially the North American context is often more related to childhood than anything else. Heck look at the money you can get for old lunch pails today from the Baby Boomer's who grew up on them. Dolls are good, too. Many of these could very well be Wally World China related in the next decades. Most collectables are not the heavy oak furniture, etc. What is happening in China today is truly astounding and equally incomprehensible. Except that it works and the results incontrovertible. Yup. They cost me my jobs, many times too, except I made it to retirement in one piece. I am proud for China can at last work for her advancement in peace and take its place among the leading nations of the world. This can't be comforting for the rest of the world that has to accommodate this development. I have no easy answers to that. I think wealth tends to moderate the desire to go about and steal things. First of all, barring meglomania on the part of the rulers, you don't tend to do things that take money out of your own pocket and even the Chinese government knows the advantage of letting a sleeping peasant lie. My longer-term concern with the Chinese center on the demographic outcomes of the one-child laws. Admittedly, when there are a few billion people floating around a country, you do have a few to "give", but as the last "real" generation retires, what happens when there are so many fewer to support them. The other side of that is the high percentage of males, nothing worse than a bunch of horny males having problems finding a mate (g). Both of these might trigger governmental "adventurisim" as both a solution and a way to shift blame away from the Men Behind the Curtain. As for the current thread on shoddy and toxic China made goods it will pass just as past accusations of China in other areas had passed before. It is product safety ignorance and not a conscious effort to cut corners to make the extra buck. These oversights are easily corrected. The competiton is far too intense not to respond to customer demands promptly whether at the regulatory level or on the production floor. It will not be a hot election issue by the time the Presidential election comes around. Went through the same stuff in the 60s and 70s with Japan (from shoddy goods, to balance of payments, etc. etc. etc.) and this will pass. |
#57
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Any product from China worth buying?
PaPaPeng wrote:
.... As for the current thread on shoddy and toxic China made goods it will pass just as past accusations of China in other areas had passed before. It is product safety ignorance and not a conscious effort to cut corners to make the extra buck. These oversights are easily corrected. ... Oh, really? Just simple ignorance? That wouldn't seem to be the story of Zheng Xiaoyu... -- |
#58
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Any product from China worth buying?
My spelling is pretty good considering that I am not an English person. I
only speak English so Americans can understand me ( joke) and to be able to fully appreciate the priceless info in this group. Also note Mr humour that I purposely wrote defiant instead of definitely. The humour in this was probably lost on you so I won't stoop down to your level. Now if you where referring to the bombing statement well sure it was meant in jest but unfortunately it seems to be a little too true of the American way of solving problems. Anyhow no need to reply because I think that the basis of your statement is correct, most stores would be thread bare *. We can now go back to fixing and renovating. * With a caveat, Germany barely imports Chinese junk or anything from anywhere, they make everything they need and everyone buys German made. I am not particularly found of their way of life in general but this is one thing they do right. "Smitty Two" wrote in message news In article , "claude" wrote: Well Mr something is defiantly wrong. Uh huh. Starting with your spelling, and including your ability to comprehend humor. I hope you can machine dish sponges and dry cell batteries and the motherboard in your computer by hand, because without Chinese imports, the store shelves in the United States would be bare. And I don't just mean the WalMart shelves. |
#59
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Any product from China worth buying?
On Wed, 28 Nov 2007 09:31:21 -0600, dpb wrote:
PaPaPeng wrote: ... As for the current thread on shoddy and toxic China made goods it will pass just as past accusations of China in other areas had passed before. It is product safety ignorance and not a conscious effort to cut corners to make the extra buck. These oversights are easily corrected. ... Oh, really? Just simple ignorance? That wouldn't seem to be the story of Zheng Xiaoyu... Considering that the US trade is 232.5 billion dollars in China favor for 2006, much more for this year, there must be a lot that is right. The recalls, etc. don't even amount to a billion dollars, less than 4 per cent. http://www.uschina.org/statistics/tradetable.html Table 1: China's Trade with the United States ($ billion) Note: US exports reported on FOB basis; imports on a general customs value, CIF basis Sources: US International Trade Commission, US Department of Commerce, and US Census Bureau 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 US Exports 11.8 12.0 12.8 14.3 13.1 16.3 19.2 22.1 28.4 34.7 41.8 55.2 % change 26.9 1.7 6.7 10.9 -8.0 24.4 18.3 15.1 28.5 22.2 20.6 32.0 US Imports 45.6 51.5 62.6 71.2 81.8 100.0 102.3 125.2 152.4 196.7 243.5 287.8 % change 17.5 13.0 21.5 13.8 14.9 22.3 2.2 22.4 21.7 29.1 23.8 18.2 Total 57.4 63.5 75.4 85.5 94.9 116.3 121.5 147.3 180.8 231.4 285.3 343.0 % change 19.3 10.6 18.7 13.4 11.0 22.6 21.4 21.2 22.8 28.0 23.3 20.2 US Balance -33.8 -39.5 -49.8 -56.9 -68.7 -83.7 -83.0 -103.1 -124.0 -162.0 -201.6 -232.5 That wouldn't seem to be the story of Zheng Xiaoyu... His case preceded the US dispute on Chinese goods by at least two years. He was negligent in supervising his department. Fake baby formula that had no nutritional value that killed a number of infants and damaged the health of many more. Fake drugs that have no therapeutic value, etc. All this happened inside China and did not involve any exports. He was found guilty of corruption, a capital crime in China at his level (as Head of drug approval agency, and nothing to do with consumer goods exports.) His execution coincided with the the hysteria over tainted exports to the US. There was nothing to be gained by the Chinese government to bring out these facts. Zheng certainly wasn't railroaded nor was he a sacrificial goat to appease American concerns. Anyway, as many have pointed out, its your money and your decision. Buy only what satisfies you. I don't buy junk either China made or not. The reason why American importers haven't sued their Chinese suppliers is because the importers are the ones who designed and specified the products they carry in their stores. The Chinese haven't exported directly to the US to promote their own brands or products thus dodging ultimate responsibility. The Chinese are contract manufacturers who make to specs. Things like no lead in paint wasn't specified and QA missed the mistake made by sub contractors who did the painting. This won't happen again as the problem of product safety was taken up at the Minister's level and appropriate laws passed plus an industry wide education program. One doesn't want to kill one's customers through caelessness. There will be the inevitable criminal case as in WIKI [Danger of contamination with diethylene glycol On May 4, 2007, the US Food and Drug Administration advised all US makers of medicines to test all batches of glycerine for the toxic diethylene glycol.[10] This follows an occurrence of 100 fatal poisonings in Panama resulting from a Chinese factory deliberately falsifying records in order to export the cheaper diethylene glycol as the more expensive glycerol.[11] Glycerine and diethylene glycol are similar in appearance, smell, and taste. The US Federal Food, Drug, and Cosmetic Act was passed following the 1937 "Elixir Sulfanilamide" incident of poisoning caused by diethylene glycol contamination of medicine.] an event that happened in the US too. |
#60
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Any product from China worth buying?
On Wed, 28 Nov 2007 04:34:18 GMT, still just me
wrote: On Tue, 27 Nov 2007 11:05:32 -0500, "claude" wrote: China is in it's lawlessness phase where they will use glycol ethylene to sweeten toothpaste, lead in the paint used on kid's toys, deadly cooking oils, exploding beer bottles, melamine in pet food etc.... Hey, what's your beef? There are American companies and their CEO's making a bundle off this stuff. Jesus H... next you'll be complaining that we shouldn't grant Most Favorite trace status to countries that have oppressive regimes that are the exact opposite of what we are supposed to stand for. Keep buying Citgo gas, too. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Retired Shop Rat: 14,647 days in a GM plant. Now I can do what I enjoy: Large Format Photography Lifetime member; Vast Right Wing Conspiricy Web Site: www.destarr.com - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
#61
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Any product from China worth buying?
PaPaPeng wrote:
On Wed, 28 Nov 2007 09:31:21 -0600, dpb wrote: PaPaPeng wrote: ... As for the current thread on shoddy and toxic China made goods it will pass just as past accusations of China in other areas had passed before. It is product safety ignorance and not a conscious effort to cut corners to make the extra buck. These oversights are easily corrected. ... Oh, really? Just simple ignorance? That wouldn't seem to be the story of Zheng Xiaoyu... Considering that the US trade is 232.5 billion dollars in China favor for 2006, much more for this year, there must be a lot that is right. .... There's clearly a lot that isn't as well, and to contend it is "only ignorance" is such an obvious turning a blind eye as to make the attempt to cover it over w/ statistics simply ludicrous. It's nice to know Zheng was alone in paying himself and all is now well and, like Iran has no individuals of a particular bent, China now has now eliminated all traces of greed and corruption. That _is_ a remarkable achievement in such a short period of time. I simply had no idea how easy it would be. plonk -- |
#62
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Any product from China worth buying?
On Wed, 28 Nov 2007 16:56:52 -0600, dpb wrote:
As for the current thread on shoddy and toxic China made goods it will pass just as past accusations of China in other areas had passed before. It is product safety ignorance and not a conscious effort to cut corners to make the extra buck. These oversights are easily corrected. ... Oh, really? Just simple ignorance? That wouldn't seem to be the story of Zheng Xiaoyu... Considering that the US trade is 232.5 billion dollars in China favor for 2006, much more for this year, there must be a lot that is right. ... There's clearly a lot that isn't as well, and to contend it is "only ignorance" is such an obvious turning a blind eye as to make the attempt to cover it over w/ statistics simply ludicrous. There is a fundamental problem with your line of reasoning, an assumption that an individual's acts are that significant. Neither anything you or I say will make one whit of difference on how the world behaves. I don't attach any personal feelings to events I agree or disagree with and have no possibility of encountering in person. The direction you are heading will be the loony bin for the hopping mad. The direction the Chinese will be heading is straight to the bank. Your separate paths will never intersect . So who cares. It's nice to know Zheng was alone in paying himself and all is now well and, like Iran has no individuals of a particular bent, China now has now eliminated all traces of greed and corruption. That _is_ a remarkable achievement in such a short period of time. I simply had no idea how easy it would be. plonk I simply had no idea. Exactly. The way the world is is everyone does what they will do anyway. Your neighbors will continue to shop at Wally's. China will continue its merry way poroducing junk and wondering how to redeploy its growing enormous pile of depreciating US dollars. The US will continue to stumble from one mess to the next. The best we can do is to figure out what in the world is happening and hope we don't get run over by a bus. Be careful with that ticker of tours. Lucky for you America has the best and most advanced medical technology in the universe - if you can still afford it. |
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Any product from China worth buying?
On Wed, 28 Nov 2007 16:56:52 -0600, dpb wrote:
There's clearly a lot that isn't as well, and to contend it is "only ignorance" is such an obvious turning a blind eye as to make the attempt to cover it over w/ statistics simply ludicrous. Here's an early Christmas good cheer for you. Shoddy Chinese goods ain't it. ================================== Christmas is less than a month away. People's minds are not receptive to bad news. While not exactly bad news the shift of ownership of key American assets has already begun. By the time America wakes up after the holiday season the world will have changed or at least started on fundamental change and a realignment of global power. The coming together in the same span of months of major domestic and global events does not bode well for the US. First there is the Iraq-Afghan war that is not going well. The wars bleed blood and considerable treasure, causes division, dissention and distraction in American society. This will continue until at least the new President takes office on January 2009. A lame duck President can at best hope that nothing untoward blows up in his face in his remaining time in office. He can no longer effect let alone direct affairs of his nation. In the meantime the US and western banking-financial system is in for unknown but colossal losses of between 500 billion to over a trillion dollars in toto. These three are already enough calamities withiut having to dig up more. ========================================= Selling the US by the dollar By Julian Delasantellis November 29, 2007 http://www.atimes.com/atimes/Global_.../IK29Dj01.html Precisely as I have been predicting since mid-August, foreign state-owned investment pools, sovereign wealth funds (SWVs), have now commenced the process of riding to the rescue of the poor, weakened, self-mutilated US financial system. I hate to be smug and tell you "I told you so." Ah, come on, who am I trying to kid? I absolutely love to be able to say that, just as much as the next boorish preening pundit. It was announced prior to the opening of trading on Tuesday that the Abu Dhabi Investment Authority, the world's largest SWF, was paying US$7.5 billion to buy a 4.9% stake in Citigroup, the largest financial institution in the United States. Citigroup, facing what the markets fear may amount to a $30 billion or more hit on its capital base due to its problems with subprime mortgages and associated derivative financial products, recently had its chief executive officer, Charles O Prince, fall on his sword in an effort to satisfy the mobs of angry shareholders. This did little to assuage the howling furies; they're still lashing the company, with sell orders whipping off their computer mice. The stock is down over 45% this year, almost 25% this month. Citigroup did rally on the news, but the price move was far from anything all that impressive - the stock rose about 1.75%. Citigroup's rescue did not come cheap. The deal was structured in the form of convertible securities that will require the company to pay junk-bond levels of coupon interest, reported by Barron's to be close to 11%, for the privilege of selling part of America's premier consumer financial institution into foreign hands. For me, the most surprising, and possibly the most upsetting thing about the Citigroup news was the absolutely orgiastic reaction to it. The general media, of course, saw this only in the context of something that would cause the stock market to go up, so it must be good. (Dead white American suburban young women = bad, rising stock prices = good; it's not that hard to be a US TV news producer these days.) The Dow Jones Industrial Average opened strong, gave up most of its gains midday, then was rallying into the close to finish up 215, a fairly average price change these days. If the electronic media are now history's first draft, then, to judge by the reaction of the on-air personnel on business cable channel CNBC, America has just had its best day since the famous New York City Times Square victory celebrations at the end of World War II. All day long the smooth and clean faces of CNBC shone happy and bright, overjoyed that, just as the losses in the Dow in the past two months had reached the psychologically important 10% level the previous day, at last a savior had arisen. Surely, almost as if the financial markets had become a sort of children's holiday pageant, the Abu Dhabi Investment Authority was a modern John the Baptist, proclaiming the good news of imminent salvation, namely, lots more foreign SWF money to refloat America's sagging markets, economy and spirits. Defying any and all naysayers, CNBC anchor Dylan Ratigan summed up the Good News for modern traders: At the end of the day, though, we could spend four hours talking about all the terrible things that could potentially still happen, today's a good day - $7.5 billion for the banking system came in, for better or worse. Granted its only 1% of all the money in Abu Dhabi, granted that there could be future writedowns, but at the end of the day, $7.5 billion is a lot of money. Of course, what's going out as the $7.5 billion comes in is the shining jewel called ownership. The origins of Citigroup go back to the founding of the City Bank of New York in 1812. Over these past 195 years, the institution has been carefully built and nurtured, and its prosperity has enriched countless thousands of American stockholders. That wealth creation, as it circulated around and across the American economy, also enriched the American community as a whole. Then comes the first decade of the 21st century. Citigroup goes for the gusto, grabs for the brass ring, reaches out for the fat, seemingly riskless returns being offered by a new generation of subprime mortgage derivative products. This experiment goes horribly wrong for Citigroup, as it has for much of the US financial system. Citigroup then has a choice, as does the rest of the financial system, as does the rest of the country. Accept a year or two of diminished earnings, dividends and prosperity, until the entire subprime thing works its way through and out of the financial system, or sell out and attempt to once again live the good life that much sooner. The cost? The cost, of course, is that in the future commensurately fewer Americans will be enjoying the fruits of ownership that have accrued through the hard work, enterprise and ingenuity of this two-century-old venture. As has been proven so many times in the recent past, from America's budget and trade deficits to its crumbling infrastructure, its appallingly dysfunctional primary and secondary school system, its non-existent savings rate, and the total diffidence with which it approaches the global environmental impact of its prosperity, this is a country that looks at the prospect of any pain or inconvenience in the present with such boundless levels of abhorrence that it is more than willing to satisfy its heroin-like addiction to immediate gratification with sales of any or all of its national heirlooms. A comparable absurdity would be Americans selling their houses and forever being renters in order to gain the requisite funds to, in the newly sacrosanct modern tradition, line up at big box electronic retailers in the cold early hours of the morning after Thanksgiving. Wait a minute. As a matter of fact, that's precisely what the Americans who took out home equity loans to spend away the appreciated wealth locked up in their homes have done. It's no wonder that Citigroup doing the same thing looks so normal. In essence, in commencing the process of selling away America's remarkably innovative and profitable financial system, the country will now be paying a rent, in the form of the profits accruing to Abu Dhabi and the other SWF buyers that must surely follow its lead, equal to what it once collected for itself. A recent survey of students at New York University revealed that two thirds of them were willing to sell away their right to vote in exchange for next year's tuition (which is over $47,000 for tuition, room and board - at least the youngsters are not selling themselves cheap); half said that they'd be willing to forever forfeit their franchise for a cool million dollars. Middle-aged power pundits and basic cable savants were aghast, oh dear, what has become of the values of the young? But in reality, weren't the little tykes at New York University just, as children are wont to do at any age, imitating their parents, in that everything timeless and hard-won, sacred and cherished, can and should eventually be bartered away for a current comfortable price? One thing about Abu Dhabi's investment that seemed to particularly please the pretty CNBC on-air faces was their speculation that Citigroup's stock dividend, worth currently about 8% of the stock's market price, might now be that much more safe from a possible cut. Well, there's good news. It means that America's legions of coupon-clipping Paris Hilton wannabes will thus be more likely to be spared the soul-extirpating experience of shopping at Rodeo Drive rather than Macy's this holiday season. Take care, wherever you are. Even if Paris Hilton still hasn't got her driver's license back, by any means necessary America is getting its money back; the practical effect is just about the same. Julian Delasantellis is a management consultant, private investor and educator in international business in the US state of Washington. He can be reached at |
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Any product from China worth buying?
On Wed, 28 Nov 2007 07:37:42 -0500, Kurt Ullman
wrote: What is happening in China today is truly astounding and equally incomprehensible. Except that it works and the results incontrovertible. Yup. They cost me my jobs, many times too, except I made it to retirement in one piece. I am proud for China can at last work for her advancement in peace and take its place among the leading nations of the world. This can't be comforting for the rest of the world that has to accommodate this development. I have no easy answers to that. I think wealth tends to moderate the desire to go about and steal things. First of all, barring meglomania on the part of the rulers, you don't tend to do things that take money out of your own pocket and even the Chinese government knows the advantage of letting a sleeping peasant lie. I will let these argument lie too as they will take too much effort and time and won't change anyone's position. My longer-term concern with the Chinese center on the demographic outcomes of the one-child laws. Admittedly, when there are a few billion people floating around a country, you do have a few to "give", [Total fertility rate - Wikipedia, the free encyclopedia [1] Taken globally, the total fertility rate at replacement is 2.33 children per woman. At this rate, global population growth would trend towards zero. ...]. Therefore China's one child policy should see a steady reduction in population. Yet official statements say that with forceful enforcement of the one child policy China's population could hopefully stabilize at 1.5 billions by 2035! When the communists won power (1949) China's population was 400 to 450 millions. Until the eighties famines and food shortage were everyday realities. I won't even try to reconcile the figures much less attempt to explain China's demographics. But it means there will be no relaxation of birth control. One slip and China will be overwhelmed and the world will not remain unaffected. but as the last "real" generation retires, what happens when there are so many fewer to support them. So what paradise on earth was there for the eldery before the Communists took over? One traditional solution was to organize homes for the elderly along clan and language dialect groups. Those who do not have families or children join them for a small membership fee. The members usually have some form of employment income, for example as housemaids, farmhands, etc. On their off days or when unemployed they can stay in the hospice and help out with chores and take care of the older retired members until their own turn comes to retire. The hospice also took in the sick and elderly whose family can no longer care for them. They provide shelter and comfort and what little medical care there is based on traditional herbal remedies. There is no attempt to prolong life. This system is still a common practice. The less old and still mobile take care of the less capable and the sick until they too join their ranks. There is government financial and medical assistance under the CCP but it will never be enough to emulate anything like the independent living ideal of western societies. The system works well enough though. The other side of that is the high percentage of males, nothing worse than a bunch of horny males having problems finding a mate (g). China has gone through worse, the decade long wars, famines, all manner of natural and man made disasters. She'll make it through. Read any of the biographies of Chinese immigrant labor in the States in the 19th and into the mid 20th century. They came alone and toiled under horrendous conditions. They went home once to marry (prearranged), had a child and never saw them again. But continued to remit money back for their support. It should be an intolerable existence. Yet they triumphed in the end. Today's single men do not have to endure what their forefathers did. I don't have any valid comment on what will happen with them. But one alarming consequence is the spread of AIDS and STDs that the public health authorities have not have a good handle on yet. There are many significant developments happening at the same time in China today. Little if any of them follow familiar economic, sociological or political conventions and therefore offer few clues on which to make predictions Americans call this "lack of transparency". The truth is the Chinese don't know what is happening any more than they do. But as DXP so famously said "to cross the river by feeling for stones" China will work its way through to the future one careful step at a time. Do not judge China by your tired patronizing attitudes. China has enough development problems of her own without your trying to add yours to that burden, such as...... Both of these might trigger governmental "adventurisim" as both a solution and a way to shift blame away from the Men Behind the Curtain. |
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Any product from China worth buying?
On Nov 25, 8:45 pm, "HeyBub" wrote:
wrote: That's $1/day, not $1/hr. Still a good income. I'll bet they save plenty, in a short amount of time to pay for college, or to start their own business. Some do. $1/day is FAR (like five to ten times) more than they were making. What they do is the whole family works, pools their money, and sends one of their sons to the U.S. Once he arrives, he gets an off-the-books job and earns enough in one or two years to bring the whole family over. They, in turn, work hard and the next generation all go to Cal-Tech. Sounds just like Americans? The 'American Dream' so called. It is the aim of most people in this world to earn enough to bring up their family and themselves. To rise out of poverty etc. Reminds of a group of young Sri Lankan men we met in 2005, recruited to work in S.Korea. Some of them spoke good English and were excited with the expecatation of earning $1000 a month to work for an unknown number of hours per week in auto factories. Minus some deductions probably. Then sending money home to their families. Smart young men they were. If we ever buy a KIA or a Hyundai maybe one of them will have assembled it? |
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Any product from China worth buying?
In article ,
PaPaPeng wrote: Exactly. The way the world is is everyone does what they will do anyway. Your neighbors will continue to shop at Wally's. China will continue its merry way poroducing junk and wondering how to redeploy its growing enormous pile of depreciating US dollars. The US will continue to stumble from one mess to the next. The best we can do is to figure out what in the world is happening and hope we don't get run over by a bus. And then, in a couple of years, will start complaining about how the strengthened dollar is hurting them. That is why they call it a cycle. Be careful with that ticker of tours. Lucky for you America has the best and most advanced medical technology in the universe - if you can still afford it. As opposed to last generation (if lucky) medical tech elsewhere if you can actually survive long enough to work your way to the front of the line. |
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Any product from China worth buying?
In article ,
PaPaPeng wrote: When the communists won power (1949) China's population was 400 to 450 millions. Until the eighties famines and food shortage were everyday realities. I won't even try to reconcile the figures much less attempt to explain China's demographics. But it means there will be no relaxation of birth control. One slip and China will be overwhelmed and the world will not remain unaffected. The root of the problem, probably. but as the last "real" generation retires, what happens when there are so many fewer to support them. So what paradise on earth was there for the eldery before the Communists took over? What is there now? The demographics that we are seeing in the US with baby boomers will be repeated in China soon, with the extra added problems of fewer citizens meaning that they will probably lose a lot of the edge in cheapness because of fewer people available for the same amount of jobs, let alone any expansion over the years. there is based on traditional herbal remedies. There is no attempt to prolong life. This system is still a common practice. The less old and still mobile take care of the less capable and the sick until they too join their ranks. There is government financial and medical assistance under the CCP but it will never be enough to emulate anything like the independent living ideal of western societies. The system works well enough though. For now. But again, what happens when there are many fewer workers supporting many more retirees. The other side of that is the high percentage of males, nothing worse than a bunch of horny males having problems finding a mate (g). China has gone through worse, the decade long wars, famines, all manner of natural and man made disasters. She'll make it through. I am worrying about the possibility of China deciding to get a little more rowdy because of the m/f demographics and this is what you try to assure me with There are many significant developments happening at the same time in China today. Little if any of them follow familiar economic, sociological or political conventions and therefore offer few clues on which to make predictions Americans call this "lack of transparency". Or whistling past the graveyard. We have ample experience what happens when the rocket scientists think they have new paradigms that make the old ways obsolete and the old rules no longer in force. Although, as can be seen by the subprime mortgage hooha and the tech bubble, we don't seem to learn from earlier mistakes. Hope your guys do better. The truth is the Chinese don't know what is happening any more than they do. But as DXP so famously said "to cross the river by feeling for stones" China will work its way through to the future one careful step at a time. Do not judge China by your tired patronizing attitudes. China has enough development problems of her own without your trying to add yours to that burden, such as...... Both of these might trigger governmental "adventurisim" as both a solution and a way to shift blame away from the Men Behind the Curtain. Even China's own history is full of many examples of this. Let alone the tendencies of human governments in general to stir things up when things get tough at home. |
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Any product from China worth buying?
On Thu, 29 Nov 2007 07:08:00 -0500, Kurt Ullman
wrote: And then, in a couple of years, will start complaining about how the strengthened dollar is hurting them. That is why they call it a cycle. This timely book review pretty much sumarises the West's attitude on China. I'll comment on the other points raised in this thread on China later. BOOK REVIEW An over-traveled road China Road by Rob Gifford December 1, 2007 http://www.atimes.com/atimes/China/IL01Ad01.html Reviewed by Dinah Gardner Former US network National Public Radio correspondent for Beijing Rob Gifford was sitting on a bus trundling across China's western Gansu province when he found out the woman sitting across from him is an abortionist. Her job was to uphold China's one-child policy. She performed operations, sometimes forced, on women who were pregnant with their second child. Sometimes, even into the third trimester. Gifford was appalled and then kicked himself for not jumping off the bus after she disembarked to ask her to confirm a rumor he heard about the drowning of aborted fetuses that were still alive after termination. He used this encounter to illustrate his point, reinforced at length throughout China Road, that Beijing has no respect for human rights. But herein lies the weakness in what is, in every other way, a very vivid and lively piece of reportage. Gifford frequently lets moral outrage color his arguments. In his exchange with the abortionist, for example, he doesn't give the reader any context. Without added nuances the woman on the bus seems heinous and the Chinese government pure evil. Yet China is cripplingly overpopulated and the one child policy, it can be argued, shows responsibility and far-sightedness. He also doesn't explain that abortions are not the moral minefield in China that they are in the West and that the practice of forced abortions, while alleged to happen in some areas, is officially illegal. China Road, is Gifford's swansong to the People's Republic. After reporting from Beijing for NPR for six years, his final act before leaving the country was to make the trek along Route 312 which stretches almost 5,000 kilometers from Shanghai in the east to the border with Kazakhstan in the western region of Xinjiang. Along the way, he covered a lot of ground, and not that's not just in kilometers. He used interviews with people he met on the way - a mad medley of characters from the abortionist on the bus to a jilted karaoke escort girl to an earnest group of Amway salesmen he stumbles across in the middle of the Gobi Desert - to paint a picture of China's possible future. "Is China heading for greatness or implosion?" he asks. Is it destined for 21st century superpowerdom or a collapse, Soviet style? In the end, Gifford isn't really sure. He gives arguments in support of both but one precursor for Chinese success, is, he argues, democracy. If Beijing doesn't move to a multi-party democracy, it is doomed. Although economic development has bought about more choices and freedoms for people compared with their lot under the tyranny of Mao - the "Chinese bird cage has become an aviary" - the consumer boom hasn't reached hundreds of millions of poor rural folk, most farmers live on less than US$40 a month, there is no health insurance, the country is riddled with endemic corruption and there is no independent legal system. Cracks are appearing in the country's social fabric, he argues, pointing to a government statistic that there are now more than 200 incidents of rural unrest a day. But this is where Route 312 comes in. To Gifford, it symbolizes China's one hope at achieving that superpowerdom. The road represents mass migration €“ the biggest yet in human history - and this movement of people is giving the population choices. It is allowing poor people to travel to the city to look for work, and increasingly this is not just to the wealthier eastern coast but to inland cities where the government is pumping money into their development. Xinjiang's regional capital, Urumqi, he says, now reminds him of Los Angeles. In this way, wealth is trickling down, people are gaining access to knowledge, and that is creating a new middle class that may eventually lead to pluralism in government, he hopes. One of the weak points in China Road is the intrusion of Gifford's religious views. He argues that modern Chinese are floating in a moral vacuum because Mao eradicated religion. While you can certainly argue there is much immorality in modern China - from forced abortions to the headlong pursuit of material gain at the expense of the environment - it's presumptuous of Gifford to connect that with the country's secularity. As if being godless makes people immoral. To anyone who has lived some time in China, Gifford's book is nothing revolutionary - the editors appear to have pruned it for a reader with little knowledge of the country. There is a lot of background on the Opium Wars, for instance, which is old territory for Asian pundits; Gifford peppers his writing with pinyin Mandarin and phonetic explanations of how to pronounce Chinese names; and some of his encounters are nothing new to anyone who regularly reads Sunday supplement features on the country. There is also, perhaps also, a little too much Gifford in there. By the end of the book you know he is a devout Christian, has a pretty wife, is battling an expanding waistline and likes the feel of moss and drinking low-fat lattes. Yet his writing is lively and engaging with some very skilful imagery - six years penning radio packages has oiled his style well. He also knits a complex situation into perspective, albeit slightly skewed towards a western-oriented and Christian viewpoint. All in all China Road is a palatable and engaging vehicle that brings modern China to life. And the fact that Gifford does not come to a conclusion about whether the nation will sink or swim doesn't matter. In fact, considering the number of other authors who have spun books on their China predictions makes Gifford's humility on this count refreshing. China Road: A Journey into the Future of a Rising Power by Rob Gifford. Random House (May 29, 2007) . ISBN-10: 1400064678. Price US$26.95, 352 pages. Dinah Gardner is a freelance journalist based in Beijing. |
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Any product from China worth buying?
In article ,
Smitty Two wrote: In article , "claude" wrote: Well Mr something is defiantly wrong. Uh huh. Starting with your spelling, and including your ability to Just what is wrong with his spelling? Seems to me he's saying exactly what he means! Also seems to me to perfectly describe the megasized retailers who order the stuff. "**** the customers, just so long as I get their money!" David |
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Any product from China worth buying?
In article ,
Kurt Ullman wrote: In article , PaPaPeng wrote: the last "real" generation retires, what happens when there are so many fewer to support them. You say you're talking about CHINA? David |
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Any product from China worth buying?
Dear PaPaPeng,
What you say in your missives on this thread are, to me, well worth reading. QUESTION: You have a blog or something where you do more of this stuff? Thanks! David |
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Any product from China worth buying?
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