A lot of people are reacting negatively to this news but fail to see a lot of the good that comes out of it. For one thing, since manufacturing costs in China vs the U.S. is almost reaching parity, this forces a lot of U.S. based companies to bring back their operations onto the home front. In the end this will be better for our own economy.
Hell, the Chinese are even outsourcing some jobs to the U.S. which can only help OUR own economy.
http://money.cnn.com/2012/04/24/smallbusiness/china-us-manufacturing/The U.S. government raised taxes so high that it made good sense to move manufacturing to other countries... because the labor was cheap there. Now those other countries have the technology that we sent over there to do the manufacturing, and they are developing the tech that we didn't send. Soon there will be no cheap labor countries left to go to.
As our cheap labor countries grow with our technology, their labor becomes more expensive, because they adopt our ways.
Our economy will collapse because our government and banks are too greedy to acquiesce to the things that makes sense: eliminate taxes, get rid of stupid laws that take freedom from the people, open up every kind of home manufacturing to any Americans that want, eliminate the police state, etc.
