SHANGHAI -- There are a lot of confusing signals coming out of China lately. Is the dynamo whose steady rise has helped keep the global economy on the path to recovery since the global financial crisis running out of steam? Has the Chinese growth formula broken down?
Bringing manufacturing back to America, and therefore creating more jobs for our citizens has nothing to do with politics in my mind. Rather, it has more to do with good old American ingenuity and ambition.
In China, artificial flowers, bricks, Christmas decorations, coal, cotton, electronics, fireworks, footwear, garments, nails and toys are all known to be produced by forced labor. And China is far from being the only country on the list.
The truth is that no matter how much China may allow its currency to appreciate, certain jobs just aren't coming back. We need sustainable, well-paying jobs. Jobs that play on America's competitive advantages of high-value manufacturing and services.
Seduction wins over obligation. Based on the minimal level of visible, practical outrage -- boycotts, petitions, any social storm at all -- it's clear that the manifold pleasures we derive from Apple's products are blinding us.
Corporations can take the lead in reforming their policies and practices, and re-positioning their branding accordingly -- thereby elevating the public's perception of their products and services -- as Good Corporate Citizens.
It is not cheaper to make things in China. It is more profitable. That is a different economic concept, one that has made the 1% rich at the expense of the rest of us. Here are four hidden costs that are not revealed on a Made-in-China price tag.
Though China has earned a reputation as the world's preeminent sweatshop, young workers are starting to understand that they deserve equitable pay for the "cheap" labor that foreign capital readily exploits.
All of a sudden Congress, or at least the Senate, is on the brink of enacting some sort of legislation intended to retaliate against China for its currency manipulation. For me, to borrow a line from Yogi Berra, it is "déjà vu all over again."
A recent "economic letter" contends that America is spending only 1.9 percent of its dollars on Chinese goods. How can we reconcile what we see on Wal-Mart's shelves with what these experts and media pundits tell us?