corporate america\'s relationship with china worries small business

by:INDUSTRIAL-MAN     2019-09-05
Hiboygan, Wisc(
Nick Carey and James B. Kelleher)-
The rise of China as a manufacturing power has, at least to some extent, benefited us factory owners.
The Middle Kingdom\'s greed for the second world
Hand machinery means small U. S.
Businesses can make money quickly by selling old equipment there.
However, for some US manufacturers, the idea of shipping second-hand items that are not even book value for their major overseas competitors is annoying.
Many of the machines at the Bob Chesebro factory in Wisconsin, on Lake Michigan, do something seemingly mundane: they sew the toes of the socks he made.
In China, it is still often done by hand. -a labor-
With wages rising in China, other developing countries will eventually complete this arduous task at a lower cost.
Chesebro, chief executive and third
One of the few sock makers in the United States, the owner of Wigwam Mills Inc. refused to give up his advantage.
His equipment ended its days with scrap metal in the bin behind the factory.
\"We think that if we sell these machines, we will give them to the people who compete with us,\" he said . \".
In some ways, Wigwam transcends the traditional wisdom of today\'s global markets.
It succeeded in creating a relatively highvolume, low-
Hundreds of workers have been hired here in the United States to cost goods.
It does this by improving productivity and developing niche products such as hiking and medical sockshouse.
Given the brutal nature of the game, you might expect cesebroo to vent mainly against the Chinese --
Capitalist style
But like dozens of American manufacturers and others interviewed, his anger is not directed at China, he and others say, this is to do what it deems necessary to promote the prosperity of its people.
Instead, their anger is directed at the United States. S.
The government and American multinationals did not stand up to defend the long term. term U. S. interests.
\"I don\'t blame the Chinese, they are just pursuing their national interests,\" said Patrick murlow, a US congressman. S. -
China Economic and Security Review Committee
\"I blame us for not realizing what happened to us and for not taking any action on it.
Nearly a decade ago, before China joined the World Trade Organization, supporters of free trade believed that the move would create jobs for the United States and eliminate the trade deficit.
Neither prediction is accurate. The U. S.
Last year, the trade deficit with China reached a record $273 billion, and government data showed that from 2001 to 2010, about 40% employees of more than 250 people collapsed.
Although it can\'t all be placed at the door of China, after decades of gradual decline, the US economy is not a coincidence. S.
After China joined the WTO, manufacturing fell sharply.
Of course, cheap labor is a huge advantage for China.
But many academics, former trade officials and trade union officials say predatory trade practices, subsidized exports and other controversial economic policies also make it difficult for Chinese companies to compete.
They warned that unless the United StatesS.
To find ways to promote and promote the industry, future prosperity and the status of the US superpower will eventually be at risk.
This is only emphasized by the United States. S.
The U. S. economy is fragile and unemployment is eight.
8%, growth is tepid, and the government\'s budget deficit and debt burden are huge.
They believe even rising production costs in China could pose an increasing threat.
This means that China will not be able to rely on cheap manufacturers of textiles, toys, furniture and plastics to create jobs ---
Some of these products will be sold more and more to Bangladesh and Vietnam.
Beijing, on the contrary, is increasingly focusing on technology transfer to higher value. based goods --
This makes it compete directly with the remaining power base in the United States. S.
And technology.
The terms of the transfer agreed upon by many large US companies when doing transactions in China, as well as their research centers opened in China, mean that they may, in some cases, sign their own death warrants.
Peter Navarro, professor of economics and public policy at the University of California, correctly predicted the United StatesS.
It is expected that if the United States ignores manufacturing for a long time, the collapse it will face will be \"worse \".
\"Over time, the economic problems Americans see will only get worse with the rise of China,\" he said . \".
\"We are heading towards a collision, and the longer the collision delay, the harder the collision will be.
\"Trade frictions between China and Japan have continued, and supporters of free trade have repeatedly warned that any protectionist measures will lead to a costly trade war that neither side can win.
They also believe that the economy of the United States can only blame itself.
Earlier this year, during a visit by Chinese President Hu Jintao to Chicago, in an interview at the Hilton Hotel in Chicago, CEO Doug obeheman of Caterpillar, a heavy equipment manufacturer, caterpillar has 11 caterpillar factories and research and development centers in China, and about 15% of employees admit that there will always be \"friction\" between the two countries.
But the truth is. . .
\"We need each other very much,\" he said . \". \"We need peace.
\"However, local manufacturers say the first shots have been fired, and they question whether g multinationals are pursuing the policy of appeasement in error.
They complain that Chinese companies benefit from a large amount of subsidies. -
From the renminbi they think is undervalued, to the land that is artificially depressed or even free in some cases,
Interest on loans and even energy subsidies-and the U. S.
The government and big companies are not responding much.
\"We are in an economic war with China,\" said Milton Magnus, president of Leeds, Alabama --
M & B hanger, the last metal hanger manufacturer based in the United States, also destroyed the old machine he designed and builthouse.
\"The Chinese want what we have and we just sit back and give it to them.
\"But it\'s not just a war about cheap products like hangers and socks.
There is growing evidence that China is embezzling proprietary technologies from Western companies and then using them to compete directly in more advanced areas.
Foreign businessmen also accused the Chinese government of changing domestic rules to help local manufacturers sign government contracts with foreign competitors.
Small manufacturers say they have increased productivity in order to compete.
Chesebro of Wigwam said that he has not replaced employees who have retired or continued to work over the years, and in the past 20 years, his number of employees has decreased from 260 to about 500, his
But small manufacturers insist that labor costs are not relevant in many cases.
Subsidized goods from China are priced less in the US than local manufacturers pay for raw materials.
\"Labor costs have nothing to do with this,\" said Bill Upton, president of Pelham, Alabama --
Thread products based on Vulcan
Vulcan makes steel bars and rods for all products from air conditioning equipment to sprinkler systems, is the last US company in its class and won a trade case against Chinese competitors in 2008
\"We have a lean and efficient operation where we can compete with anyone in the world in a level playing field.
But we can\'t compete with finished products that cost less than raw materials, \"Upton said.
Even if American manufacturers do successfully hear cases alleging unfair competition, they may not be at the top of the list.
A case could cost around $1 million in legal fees, which would typically take more than a year, plus a lot of management time, which could be spent more efficiently.
They claim that even after being punished, Chinese competitors tend to avoid tariffs and other obstacles only through multinationals
Transport of goods through a third country.
Nevertheless, the proponents of free trade pointed out the example of the \"Japanese company\" in the 1980 s. -
When people worry that the rise of Japan will threaten the future prosperity of the United States-
As evidence that concerns about foreign competition may be exaggerated.
However, a key difference between \"Japanese companies\" and \"Chinese companies\" in the 1980 s was that Japan did not encourage foreign investment, while China accepted foreign investment.
At that time, some key AmericanS.
Multinational companies make a lot of noise in public places and in the United States. S.
Unfair trade practices in Japan
Their interests are in line with smaller domestic manufacturers.
But today, multinational companies have made huge profits from China, and they are not so motivated to shake up the situation.
Just last week, Yum Brands Inc. , the owner of KFC, Pizza Hut and Taco Bell, reported that its operating profit in China was 75% higher than in the United States. S.
First quarter.
\"The biggest difference is that no one makes any money from Japanese companies,\" said Diane Swonk, chief economist at Mesirow Financial . \".
\"But some people make a lot of money from Chinese companies.
\"Remain silent about those US CEOSBig companies that invest in China and dare not criticize Beijing because it has control over any access to the Chinese market.
They are concerned that being too tough might mean they will lose their contracts and even be excluded, as Google did after a dispute with China over censorship and hacking.
\"The Chinese government controls all the levers of the economy, starting with an import and export license,\" said Victor Shi, assistant professor of politics at Northwestern University . \".
\"There are a lot of ways for the Chinese government to retaliate, so it\'s not surprising that businesses are reluctant to criticize it.
\"But multinationals and their CEOs have a lot of influence in the broader debate in Washington and the United States.
They often actively lobby against any measure they see as protectionism, so many smaller manufacturers and others think their relative silence weakens the U. S.
In trade relations with China
\"The problem today is that the companies that hurt the most do not benefit the most have political connections,\" said Swonk of Mesirow . \".
There is no simple answer to the plight of the United States, whether it is the United States government. S.
S. President Barack Obama or companies betting on China.
For example, the WTO ruled in March 11 that the United States could not impose additional tariffs on Chinese goods, which the US government said were subsidized and were unfairly priced.
However, critics of their actions say that this difficulty is not the reason why multinational companies are easy to turn over in the face of Chinese demands.
Critics and academics warn that multinationals trade technology for market access, and a few years later, they often find themselves losing to Chinese competitors who used to be their partners in the export market.
\"Companies that hand over proprietary technology do this in the hope that they can better close the deal,\" Eswar Prasad said . \", Professor of trade policy at Cornell University and senior fellow at the Brookings Institution.
\"But so far, in most cases, the Chinese have taken the lead.
Hope is eternal, but it is a very dangerous deal.
\"The transfer of proprietary technology has also raised questions about the impact of the United States. S.
National security, in particular, is trying to prevent Chinese troops from fighting against American allies in Asia. Pacific region.
In a recent RAND report \"ready to take off: China\'s advanced aerospace industry,\" the author said \"there is no doubt \". . .
Foreign participation in China\'s aviation manufacturing industry has contributed to the development of China\'s military and aerospace capabilities.
The report later pointed out that this contribution \"increases China\'s ability and may use force in a way that negatively affects the United States\"S.
It will increase the cost of resisting the use of such force.
\"Another risk of not talking more openly and directly about the Chinese issue in the US is that it opens this area to extreme speech and populist politics.
In opinion polls, the vast majority of Americans say they see China as an economic threat, and some worry that if the abnormal relationship between the United States and China is not resolved more openly, this may lead to a marked protectionist tendency in American politics.
Menzie Chinn, a professor of public affairs and economics at the University of Wisconsin, said: \"It is better to deal more directly and openly with undervalued RMB and other issues . \".
\"I fear that if these issues continue for too long, voters will force Congress into an open trade war.
This is not good for everyone.
\"For example, real estate tycoon Donald Trump has been playing Chinese cards when considering whether to seek the 2012 Republican presidential nomination, and his approval ratings in polls have been rising.
In recent months, the star of NBC reality show apprentice has called the Chinese \"enemy\" and \"abusive\" in various national TV interviews \", he said he would \"like a trade war with China.
He told Reuters that he would impose a 25% tax on all goods from China.
\"It may sound like an extreme point of view to say that China is an enemy, but if it is said enough in public, it may become a mainstream point of view,\" said Steven Schier, professor of Politics at Carleton College, Minnesota.
Great expectations are completely different from what happened in 2000.
Debate in the United StatesS.
Normalization of trade relations with China-
A step that will help China join the WTO ---
Seeing lawmakers, lobby groups and businesses queuing up to emphasize that increasing trade with China will be a win-win situation
Win for Americans
\"Opening the Chinese market to the United StatesS.
Products and services. . .
This is the biggest step we can take to reduce the growing U. S. trade deficit with China, \"said then U. S. -
The China Business Council is now a consultant to companies seeking to do business with China.
\"What we are talking about is not a gift from China \'. . .
We\'re talking about bringing bacon home.
\"Bacon may be in the form of profits that American companies can make in China, but certainly not for American labor.
According to US media reportsS.
Bureau of Labor Statistics (BLS)
Your number. S.
Manufacturing jobs have fallen by three to eight.
1 million from 12.
2 million of the past decade-
The number of unemployed is more than the sum of the previous 20 years.
S. Bureau of Labor Statistics data also show that from 2001 to 2010, 39% of the population in the United StatesS.
Manufacturing plants with more than 250 employees are closed.
China\'s accession to the WTO is a disaster for local manufacturers, said Charles Bloom, president of trade consultancy International Consulting Services Group Ltd and US office officialS.
Trade representative under President Reagan
\"It doesn\'t matter how small your manufacturing size is, and the industry is being systematically hollowed out,\" he said . \".
\"We believe that the global market will take control of itself, so the US will be the winner.
But it has not completely solved the problem.
\"Small businesses are traditionally the backbone of the US economy, providing at least half of the jobs, and when the economy starts to recover after the recession, recruitment is going to be faster, and every employee has a lot more patents than a big company.
Henry \"Hank\" Nothhaft, a continuous entrepreneur and currently CEO of Tessera Technologies Inc. , is concerned that innovation in the United States will decline as manufacturing bases in the United States erode.
\"If the manufacturing ecosystem is gone, then innovation and engineering will follow,\" he said . \"
\"This means that innovation will be carried out in China in the future, not in the United States.
\"China has changed the status quo, and even so, the Chinese are increasingly demanding.
Some business leaders and scholars have noted that the Chinese government\'s industrial strategy has become more aggressive since 2006.
In key industries such as avionics, power generation and high-tech, the new rules \"seek appropriate technology from foreign multinationals\"
According to an article \"China to the world\" by the Harvard Business Review of December 2010, scholars Thomas Hort and pencaggi gaimawa wrote.
\"These rules limit the investment of foreign companies and their access to the Chinese market, and stipulate that there is a high degree of local content in the equipment produced in China, and forced foreign companies to transfer proprietary technology to their joint ventures with Chinese countries.
State-owned enterprises.
The new regulations are complex and changing.
\"During the financial crisis in 2008 and 2009, the government and multinational corporations were just really aware of the changes in China\'s policies over the past year or so, Hout, A former partner at Boston Consulting said in a telephone interview.
\"The Chinese have successfully arranged this time well,\" he said . \".
\"Even people who are really concerned like me are discovered and it\'s not until the past year or so that it\'s clear what\'s going on.
\"More and more Western companies think they have made good deals into the Chinese market through technical transactions, but they also find themselves wrong.
In 2004 and 2005, China has established partnerships with Kawasaki Heavy Industries, Alstom, France, Siemens, Germany, and Bombardier, Canada to build high
High speed rail in China.
At first, Kawasaki exported the finished train, and then the foreign company subcontracted the production of the basic parts to the Chinese train manufacturer Sifang, and then assembled in China.
In 2009, the Chinese government began to demand bid for high prices in China.
Ethnic minority high-speed rail joint venture with the state
They operate manufacturers and hand over their latest designs, 70% of the equipment must be produced locally.
Kawasaki is aware of the flow of technology to China, but sees its joint venture as an opportunity to enter China, which is rapidly expanding its high-tech industry
High-speed rail network.
China has been the world\'s largest new railway market in recent years.
Now, Chinese companies are faster, cheaper than trains made by their former mentors, and compete with them in the global market.
Kawasaki has complained that trains made by Sifang are based on their own technology.
Similarly, Siemens was pushed out by its former partner, China Railway Signal Communications, when building high-speed rail. BEIJING-Shanghai high-speed link.
Other times, technology is stolen.
Glenn Turlock, CEO of crane maker Manitowoc, said that while American companies find intellectual property theft a major problem, the Chinese answer is always \"What\'s the downside ? \"?
Hout and Ghemawat wrote that \"in\" China to the world \", Chinese companies have\" dominated global silicon --wafer-
With the help of low-panel business
Cost financing and cheap land sales.
Local governments provide cheap or even free land for companies.
Chinese companies get more land grants than they need, so they build apartment blocks on the land and then pay for research and offset the launch-up losses. State-
State-owned banks offer loans to Chinese companies at rates below current interest rates, and sometimes local governments pay interest on their behalf.
Hout and Ghemawat also studied the solar panel industry, an area advocated by the Obama administration to create \"green\" jobs for the future.
But in 2010, competition in China dropped the price of solar panels by 50% from 2009, hurting Western manufacturers.
China now exports most of its solar panels, with Chinese companies controlling half of the German market and third in the US. S. market.
China Suntech Power Holdings Ltd. is the world\'s largest manufacturer of solar panels.
Yingli Green Energy and Jingao Solar Holdings Co. , Ltd. are also the main competitors in the industry.
China is now looking to catch up with Western companies in the aviation and power generation industries, Mr. Horter said.
In January, GE was \"neither childish nor stupid \".
Announced with China Aviation Industry Corporation (AVIC)
Develop electronic products for C919, this is a single
Commercial passenger plane aisle.
This raises concerns that, as part of the joint venture, GE is likely to create Chinese competitors through the proprietary technology it will provide.
\"Multinationals are a little too optimistic about how much technology transfer they can control,\" says Prasad of the Brookings Institution . \".
\"The Chinese are very keen to build their aviation industry and they have made it very clear what they want GE to offer to achieve that.
In an interview with Reuters on January 19, Jeff Immelt, CEO of the Obama Employment Council, insisted that the company\'s business in China was \"not childish or stupid \".
\"We did think a lot,\" he said . \"
\"There are many ways to succeed in China.
It will become the largest economy in the world.
The only question is when
\"This tone is significantly different from the comments made by Immelt at a private dinner in Rome on last July ---
To bring him no trouble.
\"I\'m really worried about China,\" he told a group of executives, according to the Financial Times . \".
\"I\'m not sure if they want any of us to win in the end or if any of us will succeed.
GE initially questioned the Financial Times report, but when a spokesman said Immelt\'s remarks were \"not representative of our views\", GE changed its strategy.
\"Behind the scenes, America seems to be getting more and more worried. S.
Multinational companies with Chinese policies.
A report commissioned by the United StatesS.
Chamber of Commerce (
\"The driving force of China\'s independent innovation: Industrial Policy Network \")
Reviewed China\'s technology program from 2006 to 2020, which \"is considered by many international technology companies as a blueprint for massive technology theft that has never been seen in the world.
\"Independent innovation\" refers to a policy of the Chinese government, which, among other things, aims to support Chinese enterprises in signing national contracts and require Western enterprises to participate in technology transfer.
\"With these independent and innovative industrial policies, it is clear that China has moved from defense to attack,\" the chamber reported . \".
During a state visit to China in January, Chinese President Hu Jintao said China would relax restrictions on the project. The U. S.
Since then, the Chinese government has publicly stated that China needs to deliver on the promise, but it is not clear whether there is any change.
What has also not changed is the enthusiasm of American multinationals to enter China, even if for a long time --
Long-term attention to the conditions for doing business there.
They are willing to keep silent about things they don\'t like.
Ralph Gomory, a research professor at New York University\'s Stern School of Business, who has worked at IBM for 30 years, said that the problem in the United States isS.
The focus of multinational companies is short selling
Long term profits easily exceed long term profitsterm worries.
\"The Chinese are using our weaknesses,\" he said . \"
\"They think that the strength of the United States is the strength of our company, and profit is the driver.
So they just say bring your factory here and we\'ll make sure you make a lot of money.
\"This means that shareholders of American multinationals like Caterpillar may perform well in the short term ---
After all, in less than a year, demand in China and other emerging markets has doubled its share price.
However, the American middle class does not see benefits in creating jobs or increasing wages.
Asked about GE\'s recently announced China aviation electronics joint venture and how he would see it if he held a stake in GE, says Prasad of the Brookings Institution, \"If I have a GE stake in 401 (k)
\"I intend to stick to it for the next 20 years and I will be very worried,\" he said . \".
\"But if I just hold them for the time being --
I am not worried about the gains during my term.
I suspect this is also the way people within GE look at it.
\"As far as China is concerned, they tend to see technology transfer as a fair trade to gain the potential of their growing manufacturing base and as a consumer market for 1.
There are 3 billion people.
\"The response in China is usually that multinational companies come to China because it has a huge market,\" said Shi of Northwestern University . \".
\"The Chinese say that in doing so, you have signed the technology transfer agreement implicitly as a price to enter the market.
\"Criticism of subsidies also tends to be flat, as China points out subsidies to key industries and agricultural sectors in Europe and the United StatesS.
Prove that they are not alone in supporting their own interests.
China\'s refusal to bid for some US companies, including California oil company Uniko, on national security grounds, also made Beijing claim Washington has a protectionist policy. (
A special report on the United StatesS. -
China\'s M & A Cold War, click here: link. reuters. com/tub98r )
Of course, there is a feeling that after years of foreign humiliation ---
Especially in the 19 th century, in the words of the late British economist Angus Madison, China was forced to give up \"a lot of colonial enclave \"---
China just returned to their position as a supreme power.
Just as many in the United States believe in \"American exceptionalism\" or think that the country is inherently superior to the rest of the world, the Chinese believe that returning to peak is their fate.
\"The Chinese feel they are going back to their pre-500 levels, which is where they belong,\" says Eamonn fyingleton, a writer who has been following China since 1980.
\"There is no reason why China will not be the number one power in the world.
\"Some in the United States have also said that rather than fear competition from China, the United States should accept and welcome it because cheap consumer goods have suppressed inflation with the rise of the United States.
\"China will go higher in the supply chain, but they are not a threat to us,\" said Dan Griswald, who specializes in trade at the Cato Institute, a conservative think tank.
\"China just wants to regain its rightful place in the world\'s major economies.
\"There is no easy way, but more and more groups are trying to solve what they call the Chinese problem in the US, where they bring together manufacturers, agricultural groups, unions, and even occasional local Chambers of Commerce.
\"We believe in free but fair trade,\" said Tony pagalia, vice president of government affairs at the Youngstown/Warren Regional Chamber of Commerce in northeast Ohio, who supported the proposed legislation, tariffs are imposed on goods from countries that manipulate money.
\"All we want is a level playing field.
\"In addition to the transfer of technology, multinational companies like GE and Caterpillar are increasingly moving research and development to China, and experts like Hout are worried that this will lead to the loss of innovation in the United States.
\"I\'m afraid they managed to lure us into a trap,\" Holt said . \".
\"The Chinese are just using an older script to take our multinationals hostage.
Despite U. S. spending on R & D (
$402 billion in 2010)
Four times that of China ($103 billion)
Hout and Ghemawat estimate that China will catch up with the United States at the current level of growth. S.
Consumption by 2020.
Given their estimate that the yuan might be undervalued by 40%, they estimate that spending parity will come by 2016.
The real problem for the United States is that it has no easy choice when it comes to solving China\'s problems and peacefully consolidating the field.
For example, putting pressure on the Chinese government to let the yuan appreciate seems to be a simple solution and a solution for the United States. S.
The government has been advising for some time.
Economists say a sharp appreciation will have a considerable impact on the US economy. S.
Trade and current account deficits.
But for American companies, this is not only a negative impact, but also a positive impact.
The population of the United States is large. S.
Sunil Chopra, a professor at the Kellogg School of Management at Northwestern University, said that multinational companies producing export goods in China mean that any significant appreciation will hurt their profits.
A politically sensitive consequence of the yuan\'s appreciation may also be the rise in consumer prices in retail stores, which will do the greatest harm to the poor.
\"We import prices from China have risen sharply. who has suffered the most harm?
Asked Swonk of Mesirow.
\"People who shop at Wal-Mart and Target.
Hort said that although the Obama administration is more outspoken on issues with China than his predecessor, George w. Bush.
Bush, the United States needs to take bolder action.
\"The United States is so attached to the transnational process of the WTO that it will last forever and only provide the result of rifle shooting,\" he said . \".
\"We already have all the things to escape from America and we have been very inactive while playing hard balls.
\"The obvious response is to rely on reciprocity,\" he added . \".
\"If the Chinese insist that American companies must set up joint ventures in China and must comply with local content requirements, then the United StatesS.
The government should make demands on Chinese companies that want to ship goods here, and they must do the same.
But we don\'t see anything from America. S. government.
\"Getting tough others suggest getting tougher with China, just as President Reagan sometimes gets tough with Japan, he is willing to impose more tariffs or file more cases through institutions like the WTO.
Reagan, with the support of his Commerce minister Malcolm balderridge and some of the CEOs angry about Japan\'s trade policy, was not afraid to impose tariffs on Japanese goods.
Reagan also signed a semiconductor trade agreement with Japan to prevent Japan from dumping semiconductors to the United States. S. market. \"They (
Reagan and Badric)
Is the most active leader who has long defended the United States. S.
\"Manufacturing and taking the necessary action,\" said Jill Kaplan, an international trade lawyer working in the Reagan administration . \".
\"They realize we need manufacturing in the United States.
Kaplan said that although free-trade supporters fear that a trade war between the United States and China will be inevitable. S.
The government has taken a stronger stance on unfair subsidies, \"We need to prove that we are not afraid to act.
\"We must act now,\" he said . \"
\"At some point in time, we will reach a tipping point and we will not be able to come back.
In some industries, most of the supply chain has gone and it\'s hard to come back.
Kaplan and others say the government\'s actions are not necessarily limited to action against China, but may provide greater support to US manufacturers.
For example, a common practice in developed countries is to levy VAT, which provides tax rebates to manufacturers as an additional incentive for export goods.
\"We don\'t need to focus only on the negative side,\" says Nothhaft of Tessera . \".
\"We can find ways to support our company and make the competitive environment fairer.
\"For many local manufacturers, it is frustrating to say the least that there is a lack of real public debate.
They felt deprived of their rights and defeated by the influential United States. S.
Multinationals advocate more free trade, and small manufacturers want fair trade.
\"Politicians in Washington don\'t represent you and me, they represent special interest groups that pay bills,\" said Richard Gill, president of Polyfab Corp, plastic molding company, Sheboygan County, Wisconsin.
\"Our decline is not inevitable.
We can still turn things around.
But things get worse if we don\'t do the right thing to stop it.
Schier of Carlton College said, \"the middle has been added
The strength of the conservative Tea Party movement shows that class activism may follow, as more and more voters are hurt by the manufacturing downturn and the lack of more than two jobs in the worst years of the financial crisis.
\"The political elites in the US are reluctant to give too much oxygen to this debate because they have not come up with any real solutions,\" Schier said . \".
\"But most of the public feel that we have a big problem with China.
\"This is a prescription for treating chronic instability,\" he said . \"
\"You can\'t build a long term
Most of the work in this situation.
Voters will swing and we may see a rebound after the rebound. \" (
A supplementary report by Terry Jones in Beijing;
Editor Jim Impoco Martin Howell and Claudia Parsons)
Thomson Reuters Copyright 2011
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