Saturday, April 09, 2005

"How many did you have?" "Four!"

Today's New York Times

"We are using too many raw materials to sustain this growth," said Pan Yue, China's environment minister, in a recent interview with the German magazine Der Spiegel. "To produce goods worth $10,000, for example, we need seven times more resources than Japan, nearly six times more than the United States and, perhaps most embarrassing, nearly three times more than India.
Are you telling me there's room for the price of Chinese manufactures to go even lower?

Don't tell Wal-Mart.