Comments on: 60 Minutes: China Investment An Open Book? Sovereign-Wealth Fund’s President Promises Transparency http://www.8asians.com/2008/04/08/60-minutes-china-investment-an-open-book-sovereign-wealth-funds-president-promises-transparency/ Fri, 19 Mar 2010 07:21:01 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: ancient one http://www.8asians.com/2008/04/08/60-minutes-china-investment-an-open-book-sovereign-wealth-funds-president-promises-transparency/comment-page-1/#comment-62904 ancient one Wed, 09 Apr 2008 03:13:05 +0000 http://www.8asians.com/?p=1027#comment-62904 China's costs are already said to be rising, and companies are starting to look for other places to manufacture that are even cheaper, like Vietnam. Here is one article that mentions this: http://www.eeo.com.cn/ens/Industry/2008/04/01/95835.html I am sure that there are others. Americans may complain about these sovereign funds, but as long as the US savings rate stays abysmal and we Americans insist on spending more than they earn (from personal spending to the Federal Government and overall national balance of payments), we are going to need them. China’s costs are already said to be rising, and companies are starting to look for other places to manufacture that are even cheaper, like Vietnam. Here is one article that mentions this:

http://www.eeo.com.cn/ens/Industry/2008/04/01/95835.html

I am sure that there are others.

Americans may complain about these sovereign funds, but as long as the US savings rate stays abysmal and we Americans insist on spending more than they earn (from personal spending to the Federal Government and overall national balance of payments), we are going to need them.

]]> By: Bo http://www.8asians.com/2008/04/08/60-minutes-china-investment-an-open-book-sovereign-wealth-funds-president-promises-transparency/comment-page-1/#comment-62801 Bo Tue, 08 Apr 2008 14:35:40 +0000 http://www.8asians.com/?p=1027#comment-62801 I agree. China recently "unfixed" their currency and are allowing it to float within a tightly controlled range of value. Eventually they'll have to loosen their control and when that happens I'm betting that nature will rapidly take its course and costs within China will skyrocket. The cost of labor and raw goods will increase and China will no longer be as affordable. I agree. China recently “unfixed” their currency and are allowing it to float within a tightly controlled range of value. Eventually they’ll have to loosen their control and when that happens I’m betting that nature will rapidly take its course and costs within China will skyrocket. The cost of labor and raw goods will increase and China will no longer be as affordable.

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