Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
Peter, the law would regard imports to Britain.
If, when counting the currency exchange rate, the manufacture cost of imported production is out of tune with our wages - in other words far too low - it would be considered unfair competition.
Example: I want to produce clothes in Britain, but can't, owing to unfair competition preventing me from selling them in Britain. The Chinese have an artificially low exchange rate, State imposed, designed to dominate the world market and put others out of work.
Hence, I could complain to the appropriate fair trade and commerce offices.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
In other words you want to push up the cost of living in the UK Alexander and to exclude the UK from an emerging and massive overseas market.
Guest 745- Registered: 27 Mar 2012
- Posts: 3,370
Monday, November 19, 2012 » 10:08am
A new joint venture will, for the first time, see Jaguars and Land Rovers built in China.
The British luxury car company said on Sunday that a deal has been made with the Chery Automobile Company to build the cars at a new factory to be built near Shanghai.
The company says it is a one billion pound ($A1.55 billion) joint venture.
The factory will also produce joint-branded cars targeting the Chinese market.
The company says the Chinese government has approved the new partnership.
The new manufacturing plant is likely to be completed by 2014.
Jaguar and Land Rover sales have been growing quickly in China in recent years.
So no British jobs there then Barry ,they will copy for the home market ,They will cut out there partners with shadow factory's
I have a farm in Asia Barry these countries are nationalist and the concept of face comes in to every deal, all Foreigners struggle you have to pay everybody from the police to the church you cannot deal with then on Weston principals
I would love to have a free hand like they have in the uk, even Tesco and carfor struggle in Asia.
Weston politicians are deluding themselves thinking they can open up these markets with the gloves on, uk market have been open to them for 20 years ,are industries destroyed utter stupidity
Peter
Philip Davies says on YouTube the average wage in china is a dollar a day
I have holidayed in china £1.30 ph seems unrealistic but maybe things have changed
It was over 10 years ago .
Guest 698- Registered: 28 May 2010
- Posts: 8,664
Things have changed enormously in 10 years KeithB. I have done my research on that.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Keith where you are going wrong is in seeing jobs and wealth creation purely in manufacturing terms where it is much more complex than that. I was at an investment conference today discussing the amazing opportunities in China for British businesses in that powerful emerging consumer market. A lot of UK companies are increasingly excited about exporting to that market. To put access to that market at risk would destroy tens of thousands of British jobs and push up UK inflation.
Guest 745- Registered: 27 Mar 2012
- Posts: 3,370
I am not trying to annoy you Barry ,I am open to solution to the problems of the uk
Some busines will take place, but they will not pay Weston prices if they can do it for them selves, at china prices,
(currency exchange problem )
Theirs probably a market in medical, bioengineering, advanced engendering oil gas
Can you give me 5 examples of trade they will buy from us they cannot do for
Themselves on the cheep
These businesses you mention are exited at exporting what exactly.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Keith - you miss the point. Economies evolve and change. Try to freeze your economy with protectionism and isolate it from competitive pressures and you will create more problems than you solve. The post-1945 nationalisation and subsidies for a whole range of industries tried to do all of that and all it did was bring about economic decline and industrial decay. We must trade, we must develop new markets, new products, we must compete and do what we do best allowing other countries to do what they can do better and/or cheaper. This is the reality - we cannot hide from competition or stop the world because we want to get off. Look how new industries have replaced the old, how ways of working have changed. It is the way of the world.
I am doing due diligence on an investment fund that invests in global companies, including British, that are set to massively increase their trade to China and reap massive rewards for our economy. That includes companies like Chubb, Johnson & Johnson and Prudential - sadly around 44% of them are American with only 14% of the British out of about 80 plus companies that currently make up the portfolio. These, of course, are not all of the companies doing this, just market leaders that are paying good dividends that have been selected by the manager. |It does show the way and the fact that we do have go-ahead businesses that are exploiting this market.
Guest 745- Registered: 27 Mar 2012
- Posts: 3,370
You are forgetting what's been paying for all these imports Barry.
Borrowing
Nearly all money is supplied by the government borrowing to fund a massive
Public sector
Banks bailouts by the taxpayer to save the rich ,the finical sector exposed as a con
North Sea oil given away.
Massive Building projects like utilities,
Later to be given away for peanuts and asset striped.
Roads next
Railways given away
nationalisation was always rigged so the, privet sector suppliers to them industry's were milking them dry, over charging for supplies crony contracts
Still happing in the NHS and all government departments
When the borrowing stops the roundabout stops. Theirs nothing ells to keep it running its all gone to china.
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
What Keith says there makes sense.
Barry, we won't export anything to China. It's almost all made in China what we buy in the shops in Britain.
Only a small minority of investors can cash in on a fraction of what China earns on exports all over the world.
In return we get millions of unemployed (counting just Britain), a massive trade deficit, ever increasing borrowing from the State with a resulting enormous budget deficit, and a huge Public Debt costing us - currently - £50 billion a year on interest.
British people study in universities in Britain at the tax-payers expense, then when they invent something, the technology is all churned off to China!
Then the rest of us just sit about like monkeys doing nothing while the Chinese flood our market with their rubbish-wage products using our technology given to them on a golden platter.
Barry, I won't vote Tories, I'll vote Keith B!