China’s Factories Go Up-Market, Giving Investors Pause
Irwin Greenstein (January 6th, 2009) Writes:
“Made in China” is a hair-trigger slogan that would often ignite a tirade about lost jobs, junky products and sweatshop labor. Well, it looks like “Made in China” will be a relic of the past as the Communist Party goes up-market.
The People’s Daily reported today that China’s Coordination Bureau under Ministry of Industry and Information Technology (MIIT) will replace “Made in China” with “Created in China.” The intent is show the world that China is no longer a copycat maker of disposable junk, but has risen to become a true manufacturing innovator.
Why should investors care?
Because China’s transition to a high-quality manufacturer comes at a time when the economy is softening — perhaps prolonging a slump in stocks, real estate and exports.
For example, the Wall Street Journal ran a story today that speculated China’s economy could be worse than stated by government agencies.
China’s economic policy has been to maintain a minimum
...Beijing, China, China's Coordination Bureau;, Communist Party, computer systems, contrarian profits, creative products, Information Technology, junky products;, Market Commentary, Ministry of Industry and Information Technology;, Ministry of Industry;, Real Estate, the People's Daily, The Wall Street Journal, United Nations Industrial Development Organization;, Wall Street Journal


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I’m writing this from a hotel room in Santa Monica in California. I’m on holiday here with my lovely wife Lynn and our two equally gorgeous daughters, Eilish and Maddie, and am about to embark on an RV trip across America to Orlando in Florida.



