sf wrote:
>
> On Sat, 26 Jun 2010 11:17:49 -0500, Becca > wrote:
> >
> > China is working on electric cars. Would Americans buy them?
> >
> People will buy anything from China if it's cheap enough.

When China revalues their currency, it won't be really cheap
anymore. Also, there have been strikes recently in China,
which is a new phenomenon there. Mostly, they've been strikes
against car parts plants owned by Japanese companies, which
is probably why the government has tolerated them.

The day of cheap Chinese near-slave labor is coming to an end.
They are going to expect to be paid a decent wage. They will
continue to be be the labor powerhouse of Asia, but at a higher
rate. Still, a very low rate compared to Japan, Korea, or Taiwan.
Also, China has developed large internal markets. Exports
will become less important to China than they are today.

What will be interesting in the near future is how China
will handle the collapse of their wildly inflated real estate
market. Construction is the largest sector of the Chinese
economy, and a collapse will be devastating.