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02:11 PM on 08/11/2013
The result of American corporate greed outsourcing everything they can. The displacement of American jobs to chinese labor at a fraction of the cost, the result of the destruction of the American manufacturing base.

Yes, we are creating a lot of new below poverty level jobs at minimum wage - not in manufacturing, but in the fast food industry...did I say poverty paying jobs? This creates the need for more cheap chinese imports and more people shopping at Wal-Mart (etc). Vicious cycle.

We ourselves are destroying our Nation, and the Chinese are laugh all the way to the banks!!!
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02:10 PM on 08/11/2013
I like the way they've maintained the historic look of the Bund even with new building. Such a contrast to the futuristic look of the Pearl tower and other buildings across the river.
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WheresMyParty
Wear cardigans responsibly.
01:56 PM on 08/11/2013
Paid for by the GOP and its unholy fire sale of the American manufacturing sector and betrayal of small businesses nationwide. In exchange, we got big box stores, dilapidated rust belt cities, gated communities and McMansions. Worked out pretty well huh.
02:16 PM on 08/11/2013
That's right - taxes, regulations and unions had nothing to do with exporting our manufacturing base. Not to mention the greed of the average consumer that will buy an import over an American made product to save 50 cents.
05:09 PM on 08/11/2013
Corporate taxes are down from 26 years ago big guy. Union participation has fallen from 20% to 11% and we are in the era of de-regulation, aka, corporation get to regulate themselves. Now just wtf have you been reading?
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WheresMyParty
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07:18 PM on 08/11/2013
OK,and let's forget about the greed of the average corporation and its shareholders and just blame regulations and labor unions.  You guys have been singing the same song since 1980 and look where it's taken us.
02:36 PM on 08/11/2013
Except American manufacturing has increased, not decreased. Less people are employed because of robotics and computerization. Technology is a b***h sometimes.
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WheresMyParty
Wear cardigans responsibly.
07:16 PM on 08/11/2013
Show me where you got your imaginative statistics regarding American manufacturing.
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07:35 PM on 08/11/2013
And where are the jobs totake place of 'robots' at a high paying scale ???
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gnorrfa
01:50 PM on 08/11/2013
Incredible. To think they did all that after they learned how to carve smog. You can smell it on a warm day in Oahu.
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07:35 PM on 08/11/2013
sounds like LA in the 2000's
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Fred Berfel
01:46 PM on 08/11/2013
We need to put Detroit on these steroids.
01:35 PM on 08/11/2013
And we wonder why China is outpacing us.
03:33 PM on 08/11/2013
We don't, really. We know it's because there the government is a partner with private enterprise -- unlike in the USA, which clings to the sinking Laissez faire system.
05:16 PM on 08/11/2013
We know exactly why they are outpacing us. Free trade is only free for them.
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Roy l Payne
I'm just another Bozo on this bus...
01:32 PM on 08/11/2013
My friend is attending Stanford and writing his thesis on the economy of China. He reports that the economy of China is a 'House of Cards' and it's demise will have long range effects on the world economy. Some of the students from China report the same idea. It's all 'smoke and mirrors'...

Be ready folks.
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RagdeSitum
05:34 PM on 08/11/2013
When it looks like its going to collapse, the Chinese will use it as an opportunity to settle their territorial disputes and distract their population at the same time. Win-win for them.
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Nel Pineda
01:32 PM on 08/11/2013
A few of these buildings were actually empty. Some look good in the outside but absolutely nasty inside. Try Guangzhou international airport for example. Amazing to look from outside but you'll be shock once you get in. The AC was turned off at night to save energy and cigarette butts on the floor in smoking area. And 90% of the bathrooms are just nasty. Common scene all over China including some in hong-kong. Beautiful on the outside and that's about it.
03:55 PM on 08/11/2013
Their software [human brains] is not catching up with their hardware [infrastructure]. They need another 2 or more generations to catch up.
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10:16 AM on 08/12/2013
A few of which buildings? Not the ones in this picture. A few of the office towers may not be at 100%, but for sure they are all occupied.
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earthotter
micro-bio is a science course
01:11 PM on 08/11/2013
Chicago was the fastest growing city in the history of the world- going from twenty thousand to two million people in a few decades. I believe Shanghai may have broken that record of exponential growth.
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earthotter
micro-bio is a science course
01:07 PM on 08/11/2013
Looks like it's one bad flood away from total ruin as well.
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arthurb3
Raleigh, NC (inside the beltline!)
01:31 PM on 08/11/2013
The Three Gorges Dam should prevent that.
03:56 PM on 08/11/2013
But the land is sinking.
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earthotter
micro-bio is a science course
04:05 PM on 08/11/2013
Or cause it- if it fails.
01:05 PM on 08/11/2013
Nature will take care of everything, and we know what we're doing to nature.
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freddsky
As Seen On T̶V̶
01:04 PM on 08/11/2013
You can go to Walmart and gawk at all the colorful shoppers in their halter tops and skintight leotards, also their wives, girlfriends etc. as long as you do not use flashbulbs which might stampede them. Then you can leave that store and go somewhere else to Buy American.
02:39 PM on 08/11/2013
I'm sure some bitter Chinese person feels that way when he sees someone using an Apple product. Designed in America? Why not buy Chinese?
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outasite
ipsa scientia potestas est
05:33 PM on 08/11/2013
Was that way. But Q1 saw 75 million smartphones sold in China. Most of my Chinese friends own an iphone and they think it's funny that I being an American carry around a cheap Chinese coolpad.
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01:02 PM on 08/11/2013
bigger isn't always better
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Equinator
Shovels manure daily
12:51 PM on 08/11/2013
Shanghai may be growing fast now, but those economies that grow very fast tend to crash very hard.
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01:10 PM on 08/11/2013
People have been saying that for 20 years. Not that they know what they are talking about. It is just what they, you included, want to see.
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02:17 PM on 08/11/2013
20 years isn't a very long period of time.....

could happen in year 21 or 29 or even year 37 isn't really very long. by then YOU will have a different time perspective. that's if you are a "youngster" (under 40). if you are older, then maybe you won't ever catch on.....
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Equinator
Shovels manure daily
02:23 PM on 08/11/2013
If something is obviously a bubble and it is hard to imagine that it will ever pop, it is time to get out.

20 years ago the Japan juggernaut economy had been going so strong for so long very few people could see their crash coming... but it did.
12:48 PM on 08/11/2013
weird