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Business
The Deal That a Chinese Firm Could Not Refuse

Displaying a shift in comparative advantage, some Chinese textile manufacturers are locating their factories the the U.S. rather than China.

Economic Ideas
China’s Wages

Because I am still reading Peter Hessler’s Country Driving A Journey Through China, I related a recent NY Times article to his wonderful descriptions of an expanding transportation infrastructure, villagers migrating to cities, and more affluence. Saying that textile jobs were shifting…

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