我绝不会投 Romney 的票。

Just watched debate Saturday night and confirmed what I thought about Romney. He does not understand why the most of the production activities in the world take place in China nowadays.

 (1)   In terms of labor cost, hourly compensation costs in manufacturing in China is only 4.2% of those in the US (http://www.bls.gov/fls/china.htm).

(2)   The main attraction for American firms in China remains access to the large pool of 1.3 billion Chinese consumers. In fact, 46% of respondents in a 2007 American Chamber China Business Report were manufacturing in China for sales in the Chinese market, with only 23% manufacturing or sourcing in China for the US market (http://www.aasc.ucla.edu/uschina/labor_viewfromamerica.shtml).

(3)   The vast majority (83%) of multinationals currently in China plan to stay there, according to the Booz Allen/AmCham survey (Blanchard, D. 2008. Just in time — The China misconnection. Industry Week, April 1).

 

If he becomes US president, he would start a trade war with China. That’s not good for America and for the global economy. 我绝不会投他的票。