Hi CS ;
> How many pair of
> shoes must China sell to USA in exchange for a
> Boeing 747?
Yes, but it is all part of the plan. Most Chinese
contracts come with strings that stipulate that parts
of the plane must be built in China and generally the
plane must be assembled in China. So Boeing needs to
etablish a plant and train local workers. This is
called technology transfer. The Chinese get plane
building technology and when the flow of cheap shoes
stops, Americans will not have shoes or anything else.
(Some list members will get a certain satisafaction
from that).
Best Regards,
Peter G.
Thailand
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