Common and popular perceptions of our relationship with China often overestimate its economic dominance and underestimate the value to the U.S.

One interesting example noted in the article:

"Made in China" -- What It Really Means

Thousands of low-cost Chinese firms are not flooding the U.S. market with goods, displacing U.S. workers in the process. Rather, foreign firms are increasingly leveraging low-cost China to their competitive advantage. Take the iPod for instance. The 30 gigabyte video version is manufactured in China by a Taiwanese firm. It sells for around $224 (wholesale), with China, the master assembler, only receiving $3.70 from the total price. The bulk of the profits flow to Apple, even though the product -- and many others like it -- bears the familiar "Made in China" logo.

 

Submitted: Dec 13, 2007    Views: 313    Comments: 0    Likes: 3   


View Article: http://www.kiplinger.com/businessresource/recommend/archive/2007/ch...


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