The Chinese are very dependent on us continuing to buy everything they produce. If we stop buying, they will suffer.
My people in Taiwan tell me that more and more, they are looking to their number 2 market, Europe, to replace our buying power. I think that’s unrealistic though – we’re just too big.
Regarding the males, bgates – I’m not really sure how it manifests itself any differently to any other developing country, of which, most seem to value men over women. Usually you just see men in the streets, and obviously men are always in charge. I can say that when I’m there doing business though, they always treat me with complete respect, even though I’m a lowly woman.
As for us manufacturers being immature, Poway – hey, I’m just trying to earn a buck. The government officials I elected should be protecting my interests, but they’re not. Don’t get me wrong, I’m not complaining, but that’s because my business is growing. I’m not sure I’d feel the same if it was dwindling. And just so everyone’s clear on why everything comes from China: I pay a labor rate of about $12.00 to $17.00 per hour, depending on the skill. When I produce something offshore, I pay 60c an hour. When did we last pay our workers that? 1920?
The Chinese culture is very sophisticated, and very deep. I would recommend it as a must see for anyone interested in travel and other cultures. I read an interesting article recently in the NY Times about how they are investing in Africa – for their resources of course. Very smart.
Lastly, my agent in Taiwan tells me across the board, orders are down the last few months. “It’s been very quiet, Linda”