Are Chinese manufacturers taking the hit for US corporate fraud?
Saturday, July 4th, 2009 at
9:08 pm
General statements regarding the quality of Chinese goods have forced Americans took look yet again at the ‘made in China’ tags on their purchases. Why are Chinese goods still so cheap, even after nearly a century of market development in the US? Prices are so low a saying of old wisdom comes to mind – If it looks to good to be true, it probably isn’t. Just a question, but if you were a wealthy criminal, wouldn’t ‘made in China’ tags be the best way to launder your money?
Tagged with: china • chinese goods • money • wisdom
Filed under: Fraud Information
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I think all of this "cheapness" is starting to bite us in the butts. We say we want things to be inexpensive, so our companies took most of our jobs to countries with little or no meaningful regulations, so that we can buy that shirt or toy for a couple of bucks less. The companies can get a shirt that costs 5.00 to make in the US, for 1.00 in china and still charge us 4.00. Pay attention to the companies that have moved their plants overseas in the last 20 years or so– do you see their products being sold for a lot less now? I sure don’t– but all of these companies want to tell us that they can’t have them made here because they can’t compete! Maybe if they weren’t so greedy and stopped paying their CEO’s hundreds of times what they pay their average employees, they could have their products made here, put Americans back to work in decent paying jobs, and still compete!
Chinese manufacturing workforce are low paid this keeps the retail costs down.
China bashing seems to be a sport that the West participates in vigorously.
An interesting observation you make regarding money laundering. The vast majority of big names (USA and UK) use China as a factory does this make them criminal