Subject: Re: Rapid Transformation of China's Economy
"It's our turn to manufacture and build wealth."
We'll see.
I would have phased it as:We are planning to return to manufacturing.
In 1945-46 we converted manufacturing back from weapons & munitions production back to consumer goods.
The US was a powerhouse of industrial production from then to 1980. Jack Welch around 1980 transferred GE electric motor production to Mexico. Then in the 1990's GE stove & refrigerator production moved to Mexico. Other corporations followed suit. Not necessary to Mexico but to China. 1990's began the flood. First with NAFTA then adding CHINA to WTO in 2001.