<http://www.ocnus.net/artman/publish/article_15246.shtml>
The China Price By Pete Engardio, Business Week 30/11/04 Nov 30, 2004, 11:02
They are the three scariest words in U.S. industry. Cut your price at least 30% or lose your customers. Nearly every manufacturer is vulnerable -- from furniture to networking gear. The result: A massive shift in economic power is under way
>From the rich walnut paneling and carved arches to the molded Italian
Renaissance patterns on the ceiling, the circa 1925 council chamber
room of Akron's municipal hall evokes a time when the America's
manufacturing heartland was at the peak of its power. But when the
U.S.-China Economic & Security Review Commission, a congressionally
appointed panel, convened there on Sept. 23, it was not to discuss
power but decline. One after another, economists, union officials, and
small manufacturers took the microphone to describe the devastation
Chinese competitors are inflicting on U.S. industries, from
kitchenware and car tires to electronic circuit boards.
...