It could compete if China were forced to allow its currency to float instead of devaluing it to keep its manufactures cheaper than our's.
China's manufacturing is less than ours because of several things:
a) Labor is cheaper- not as cheap as it once was- it has risen dramatically in the last 10 years- the average manufacturing wage is about $8,000 a year. You really believe floating currency will make $8,000 a year labor equal to $50,000 a year labor in the United States?
b) Less regulation- Chinese manufacturing loves to pollute
View attachment 91683If we allowed American industry to operate like Chinese industry that would make American industry more competitive.....
By the way- I have never seen or felt air pollution the way I have in Beijing.