Chinese Imports...

Heard the most stupid news the other day... Greenies are raising concerns that it is inappropriate to be purchasing large volumes of Christmas crackery from China, 'given the lack of humane conditions' in that country. Fascinating.

 

So what they have an issue with are the low wages, low safety levels and lack of employment benefits. All of which go towards the low cost structure of Chinese industry, which in turn give it an advantage when competing for the high price elasticity market that is Christmas crackery. Which is the only way the Chinese will be able to EXPORT anything in the first place, because who would want their products if they cost more than locally produced...? And and and... if they can't export anything, Dr. Economics, then HOW will they earn enough dollars to actually advance economically?

 

It's called international trade economics, fckwits!