{"id":11338,"date":"2011-09-19T20:10:05","date_gmt":"2011-09-20T00:10:05","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=11338"},"modified":"2011-09-19T20:10:05","modified_gmt":"2011-09-20T00:10:05","slug":"the-chinese-have-their-economic-problems-too","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/11338\/the-chinese-have-their-economic-problems-too\/","title":{"rendered":"The Chinese Have Their Economic Problems Too"},"content":{"rendered":"<p><a href=\"http:\/\/behindthewall.msnbc.msn.com\/_news\/2011\/09\/14\/7763968-chinas-soaring-costs-could-help-american-jobs\" target=\"_blank\"><em>NBC News<\/em><\/a> reports a breath of fresh air for ailing U.S. manufacturing workers: Companies that once outsourced jobs to China are starting to bring some of them back.\u00a0 Some of the reasons:<\/p>\n<blockquote><p>Labor costs are soaring by 40 percent a year, as migrant workers are becoming pickier, since there are more job opportunities at home. Also China&#8217;s one-child policy means there is no longer such a huge pool of young, dexterous workers. Bank lending is tightening and China&#8217;s currency is also appreciating by around 6 percent a year against the U.S. dollar, not quickly enough for US and European policymakers, but sufficient for factories on low margins to feel the pain.<\/p><\/blockquote>\n<p>Of course, <a href=\"http:\/\/www.foxnews.com\/on-air\/fox-news-sunday\/blog\/2011\/09\/18\/budget-chairman-ryan-obamas-jobs-plan\" target=\"_blank\">slapping a new tax on USA-based job creators<\/a> will stifle any trend towards manufacturing growth China\u2019s growth might enable.<\/p>\n<p>Mr. President, <a href=\"http:\/\/www.youtube.com\/watch?v=SOyoF9NXvqY\" target=\"_blank\">have pity on the working man<\/a>\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NBC News reports a breath of fresh air for ailing U.S. manufacturing workers: Companies that once outsourced jobs to China are starting to bring some of them back.\u00a0 Some of the reasons: Labor costs are soaring by 40 percent a year, as migrant workers are becoming pickier, since there are more job opportunities at home. [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[143,135,19,1541,27,1568,71],"class_list":["post-11338","post","type-post","status-publish","format-standard","hentry","category-posts","tag-barack-obama","tag-china","tag-economy","tag-growth","tag-jobs","tag-manufacturing","tag-taxes"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/11338","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=11338"}],"version-history":[{"count":3,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/11338\/revisions"}],"predecessor-version":[{"id":11341,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/11338\/revisions\/11341"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=11338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=11338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=11338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}