|03-04-2010, 09:33 AM||#28|
Join Date: Mar 2006
Sorry to hear about your impending close. I have a domestic manufacturing company that sells the big chains consumer goods. For the past 6 years China has steadily chipped away at our business. If the playing field was level that would not have happened. When the Chinese government pays export subsidies to our competition all they have to do is sell at cost. They make their money on that subsidy. In addition to that by pegging the Chinese currency to the dollar they are keeping the value artificially low. Their goods should be much more expensive. I don't care which president does it but the playing field needs to be more level.