China has been gradually devaluing its yuan, driving its exports. That causes problems for the United States and the rest of the world because when the consumer is ready to purchase a product and a Chinese product is at lower cost than one made at home, guess which one sells?
China can make things so inexpensively because it has 1.3 billion people. In China workers are mostly from farms and are used to working long hours. There are almost no strikes. The benefit they get is a job.
The Communist Chinese government has acted in recent years as the Chinese chamber of commerce in charge of marketing to the world. In that role they have little or no internal interference.
We have heard and read many times the U. S. Chamber of Commerce complaining of U. S. government interferences. Do we, the people, want the U. S. chamber backing the Republicans who want to run everything like the communists do in China? No.
The Chinese have a very basic trade concept of “profit for value.” They have no unions, benefit plans, taxes or any other add-ons that serve to increase costs.
Howard J. Flint