Here we go again. In the Washington Post’s ‘Wonkbook,’ Dylan Matthews trumpets the tired old canard that American consumers benefit from the low price of Chinese imports. Matthews cites a University of Chicago study that tried to estimate how Chinese exports have affected the cost of living for low-income Americans. They found that non-durable goods [...]
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In a New York Times Economix blog post, David Barboza suggests that things are looking better in U.S.-China trade because America's exports to the People's Republic are increasing.
Barboza cites a U.S.-China Business Council study that
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President Obama and Governor Romney continue to take to the airwaves with competing ads that claim each is tougher than the other in confronting China's predatory trade practices.
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Not so long ago, the U.S.-China Business Council released a study showing that U.S. exports to China have risen over the past decade. Their point was, isn't this great-- trade with China means that U.S. exports keep growing.
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The presidential campaign is in high gear, and both candidates are firing back and forth with "I can do more to save manufacturing than you can" and "I can do more about China than you can."
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Let's look at some simple stats...
U.S. manufacturing employment in January 2000: 17,292,000
U.S. manufacturing employment in January 2012: 11,860,000
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It's interesting to see the U.S.
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Kudos to Matt Miller in the Washington Post for asking the $295 billion question-- WHO'S GOT THE GUTS TO FINALLY GET TOUGH ON CHINA?
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The New York Times' Keith Bradsher reports that China's domestic economy has been stumbling of late due to a slowdown in construction and a sluggish retail market.
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We've reported frequently on the abusive labor practices and suicides at Apple's Foxconn factory in China. Essentially, Apple outsources the production of its iPad and iPhone to a massive
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