Washington Post Reports on China

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(1) Editorial: The Coming Renaissance in U.S. Manufacturing. Washington Post, May 10, 2011.
http://www.washingtonpost.com/opinions/the-coming-renaissance-in-us-manufacturing/2011/05/10/AFRI53jG_story.html

Quote:

China is "surging from 3 percent of global factory output in 1990 to 19.8 percent in 2010, just ahead of the U.S. share, 19.4 percent.

"Manufacturers have hired just 250,000 workers [in US] since December 2009, when manufacturing employment hit a postwar low of 11.5 million.

"A key implication is that the United States could soon be attracting manufacturing investment away from Europe, too * * * In fact, Germany’s Siemens recently announced a $170 million investment that will enable it to build gas turbines more cheaply in Charlotte than in Shanghai.

My comment: China's manufacturing has come a long way. But watch your back, China.

(2) Keith B. Richburg, The Chinese Can Be Tough Customers for American Retailers. Washington Post, May 10, 2011.
http://www.washingtonpost.com/world/asia-pacific/for-american-retailers-chinese-can-be-tough-customers/2011/04/28/AF6VJegG_story.html

Quote:

Home Depot "has struggled to find a foothold for its American-inspired concept of DIY, or 'do it yourself.' In China, labor is cheap, and the notion of DIY is almost nonexistent for urban consumers who grew up with someone else on hand to do everything for them.

"Chinese chains typically do not pay suppliers until after their products have been sold off the shelves. Best Buy, by contrast, paid suppliers up front, regardless of how the products sold.


(3) Fed Faces: Irene Chan. Washington Post, May 9, 2011.
http://www.washingtonpost.com/local/politics/fed-faces-irene-chan/2011/05/09/AFbx5NbG_story.html

(4) Andrea Sachs, With Long Layovers, There’s No Time to Lose. Washington Post, May 6, 2011.
http://www.washingtonpost.com/lifestyle/travel/with-long-layovers-theres-no-time-to-lose/2011/04/29/AFqZNP8F_story.html
("Many countries waive the document for transit visitors; China isn’t one of them, charging $140."

Note:
(a) flourish (vt): "to wield with dramatic gestures : BRANDISH"
www.m-w.com
(b) Xu Xiang Zhai  叙香斋
www.xuxiangzhai.com
(c) loofah (n; New Latin luffa, from Arabic lūf; First Known Use: 1887)  丝瓜

(5) Howard Schneider, China’s Small Businesses Fight for Financing as State-Run Banks Favor Larger Firms.
http://www.washingtonpost.com/business/economy/small-firms-in-china-fight-for-financing/2011/04/25/AFeQbynF_story.html

My comment: This report does not say much.

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