The China Price

[Adenoid_Hynkel]

The China Price

"Meet the "China Price" or else." Remember that phrase -- "meet the China Price," because you'll be reading much more about what it means to this country, its working families and its communities.

U.S. chartered corporations are telling their suppliers that if they do not meet the "China Price", they can either lose business, cut their employees' wages and benefits further, or close down and open up their production facilities in China.

WalMart is a gigantic pressure cooker in the "meet the China Price" rat race or else. With a relentlessness comparable to its low-wage, union-busting practices, WalMart tells its suppliers to find ways to meet the "China Price" or pick up and move to China with its hardworking, non-union, 30 or 40 cents per hour workers.

The Wall St. Journal reported that the Big Three auto makers are outsourcing through their parts suppliers. A leading aluminum wheel manufacturer in Van Nuys, California -- Superior Industries International, Inc. -- was told bluntly by General Motors and Ford Motor Co. to match the prices they were getting from Chinese wheel suppliers. The message was clear -- if Superior did not comply, the two companies could buy from China or some company that did. So Superior is opening a joint-venture plant near Shanghai.

more at:
http://www.commondreams.org/views04/0621-12.htm

###

Published on Monday, June 21, 2004 by CommonDreams.org

by Ralph Nader