Originally Posted by Flyguy
The reason that China are cheap is sweatshop labour and none of the legislation that our companies have to comply to so they have an unfair advantage.
I think that was once true, but things are changing quickly. A client of mine buys high-end steel for his fabricating business. He was invited to tour steel mills in China a year ago and told me that they are bigger, cleaner and far more advanced than anything he has seen here in North America, and even Germany. The quality of the product is apparently superb.
He made an interesting point though, in that as China opens up, wages will increase and also that as the price of fuel keeps increasing, shipping costs to North America and Europe will start to have an effect on the competitiveness of their products...