Texas53
02-05-2008, 02:35 PM
http://www.latimes.com/business/la-fi-mexshoes5feb05,0,125325.story
Even Mexico's business people are worried about cheap China imports taking over.
Quote from article:
Low-priced Chinese imports have supplanted domestic shoe producers in many nations around the globe. The United States, for example, has all but abandoned shoemaking. About 98% of the footwear sold in the U.S. is imported. Most of it comes from China, whose low wages and nearly inexhaustible supply of factory hands have turned it into the world's largest shoe manufacturer.
I guess one day China will rule the world at least in terms of goods produced in the world.
Even Mexico's business people are worried about cheap China imports taking over.
Quote from article:
Low-priced Chinese imports have supplanted domestic shoe producers in many nations around the globe. The United States, for example, has all but abandoned shoemaking. About 98% of the footwear sold in the U.S. is imported. Most of it comes from China, whose low wages and nearly inexhaustible supply of factory hands have turned it into the world's largest shoe manufacturer.
I guess one day China will rule the world at least in terms of goods produced in the world.