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Will Americans be able to compete with the Chinese?

1. The Chinese minimum wage is around 600 yuan (USD80) per month. Americans minimum wage is about USD5 per hour = USD800 per month Minimum wage Americans USD800 vs Chinese USD80 http://www.chinalaborwatch.org/2006%20ed... 2. In terms of food, China basically is a Self-Sufficient country. Therefore Not Necessary to buy other currencies for food & shelter. And that's partly why their foreign reseves are growing. 3. The Chinese Foreign Exchange Reserves is USD1,400 Billion. http://en.wikipedia.org/wiki/list_of_cou... If US urged China to float their currency without the existing fixed bands, would this help to compete with China? (US hoping that the Yuan will increase and labor become expensive hence certain products in China becoming costly & that all factories could be shifted back to US) With 1.4trillions reserves, forex mkt is in their hand. Additional Details 32 minutes ago Just like the japanese who have lots2 of foreign reserves, the Chinese too can easily interfere in the forex open market (throw away their Yuan to make it cheaper) to determine the value as they like.

Public Response to Will Americans be able to compete with the Chinese?

  1. Not if they keep shipping our kids toys with lead based paint in them...
  2. in which case there is no contest here
  3. Not if they keep feeding our kids lead paint!
  4. im american but i still dont think that america will be much of a big competition for the asians...
  5. The Chinese have all the cheap labor to make cheap products for the rest of the world.
  6. fire up the b..52s, miles to go before i sleep.2 minutes till midnite. nite prowler city.
  7. I am sorry, but I will not read all of the info besides the question. I am refusing to by Chinese. I would rather pay more for something that I know has "some" regulation, than purchase food for myself and family, my animals or better yet, toys for my children from a country that is reapping benefit from both of our ignorances. I am appalled that the products we recieve are so tainted. Perhaps if people would stop shopping for crap at the dollar store, demand non-chinese food in the market and only purchase products that are made in the USA, we might be able to gain back some control of our own independance. We too could be self suffiecient. Yet we have chosen the cheap route. I would rather pay $5.00 for a ball I know is safe for my family and pets, than question what conditions the ball was created in. I will not support a country that indescriminately overfishes or poisons our enviorement and theirs. I know this is a hot topic, yet I am standing by my decision and I know I am not alone.
  8. We will have to wait to see how well Kobe and LeBron do against China in the Olympics!