If you teach a man to fish then he will not buy any more fish from you.

I think that the time has come for US companies to stop outsourcing manufacturing and production to China.  It is time to start selling into China, the market is growing and competition is digging in.  The time has come to move manufacturing and production to another region, or another part of the far east.  I think that Latin American move is just what the doctor should order. One language (mostly), similar cultures and religion, with large and growing US presence.  Anyway, the Chinese know how to fish now, time to sell some rods and reels.

A conversation with Tung Chee-hwa, Former Chief Executive of Hong Kong

Charlie Rose / in Business / on Thursday, April 30, 2009

2009-04-01

America and China’s leaders met for the first time on the margins of the G20 summit, and the two men have agreed to establish a “US-China Strategic and Economic Dialogue”.

However, the meeting was notable more for what they did not talk about. China’s top banker has suggested replacing the dollar as the world’s reserve currency with some sort of “super-sovereign” money. The IMF has said this is an “interesting” idea, but it was not brought up. The Russians are also keen on dethroning the dollar.

Both Barack Obama and his Treasury Secretary Timothy Geithner have rejected the idea.

China is the biggest holder of American debt, roughly 700 dollars for every Chinese citizen. The first round of the new dialogue will be held in Washington this summer.

in: http://www.euronews.net/2009/04/01/china-and-us-talk-on-sidelines-of-g20/