If Americans watching the Beijing Games were stunned by China's changing economy, wait until they see price tags on Chinese-made goods this Christmas and beyond. What's bad news for consumers may be good news, experts say, for humanity: China is losing its distinction as the world champion of cheap manufacturing. With pressures building against sweatshops and pollution in China, however, 'Indonesia and Vietnam are just waiting to take their turns,' said Chris Kuehl of the Kansas City business consultant Armada Corporate Intelligence. (Kansas City Star, Tuesday)
It's a global economy.
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