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How much money does China save for American families? Light Buying Toys Save $100 a Year

According to the editor of the Global Times’ special correspondent in the United States, “The average American family’s annual income is US$56,500. Sino-US economic and trade relations can help these families save 850 US dollars a year. China’s exports to the United States lower US prices by 1 %-1.5%..." This is the relevant data provided by the US-China Business Council and the Oxford Economic Research Institute in the UK. The Sino-U.S. economic and trade relations were originally a ballast for relations between the two countries, but the U.S. Trump administration has turned a blind eye to the win-win situation in Sino-U.S. trade. Some Americans do not trust China’s investment, and they have to fight trade wars between the U.S.-China trade and the US U.S. deficit, and many ordinary U.S. families are punished. A survey conducted by a senior media person who lives in Washington, DC, has quietly revealed that the Sino-U.S. trade has enriched the lives of American families, from gifts at birthday parties to sausages on the table, from printed books to rust. With the employment created by the zone, the United States cannot say "no" to China.

 

Light Buying Toys Save $100 a Year

 

If the United States and China open a trade war, such a "big policy" at the national level will inevitably directly affect the lives of tens of thousands of American families. The same is true of my family. For my 7-year-old daughter, the status of toys is paramount. More than 20 gifts that her daughter received at the birthday party last month were basically toys, and they were all made in China. Most toys cost around $30. In her first 10 months of school, her daughter will give a gift for her birthday almost every month. With Christmas toys bought for children in peacetime, it is conservatively estimated that if we buy toys made in China, my family can save $100 a year. U.S. housewives also have to settle accounts. An American mother with a baby and a child told me that if a toy's unit price exceeds $30, she will certainly not be able to buy her son and daughter. They can only play the same game together.

 

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When it comes to Christmas, I don’t know how many U.S. families want to thank “Made in China”. The vast majority of ubiquitous Christmas trees and Christmas decorations come from China. I bought a nearly two-meter-high artificial Christmas tree flower at the Wal-Mart store for 35 dollars, including decorations such as lanterns. Looking at the little girl happily hanging around the tree with various decorations, I really don't know how to thank the Chinese workers who are making Christmas trees. It must be noted that in some states of the United States, the minimum wage in 2018 has risen to around $10 per hour. If this Christmas tree is produced in the United States, it cannot be sold for only 35 dollars.

 

McIlroy, the owner of the manufacturing company supplying to major U.S. retailers, told me that the cost of manufacturing consumer goods manufactured in China is very different from that of the U.S. because of labor and other reasons. Therefore, U.S. retailers like to import from China. Their pricing in the US market is more flexible, easier to obtain high profits, and more favored by consumers. McIlroy's barbecue machines imported from China for a chain of retailers are still tens of dollars cheaper than the US, even after the increase in tariffs, so buyers will not easily change suppliers.

 

In the United States, the main expenses for children are clothes and shoes. As children grow, American families buy them new size clothing and shoes every six months. American children are still picky and not satisfied with a single style. Compared to a French brand starting at US$80 and another Swedish-style children’s clothing store that is basically starting at US$50, American parents sometimes prefer to visit US-brand stores that cost about US$20 each. This way you can spend more than 100 dollars to get more choices. In fact, whether it is low-priced or high-priced brand stores, most products still have the “Made in China” component, and the bigger the fashion brand, the more likely it is to manufacture in China, because meeting the complex technology and material requirements of the modern fashion industry is not Easy to do. For example, many towels and bath towels of many common brands in the United States are imported from India. Some sportswear is made in Cambodia or Vietnam. The materials and style requirements are relatively uniform. However, some popular children's clothes are still made in China.

 

There are a variety of extracurricular interest classes in our school district. Class tuition is not expensive, but each class has its own equipment requirements. Many children's football, bathing suits, ballet dance suits, and piano metronome are made in China. Last year in a flea market, when I sold a half-price Chinese football shoes and leggings to a US mother with three children for a $3 “high price,” she said, “I didn’t think that my equipment was expensive. Children can be reported in football classes. It can be seen that inexpensive Chinese goods also allow some low-income American families to have more choices in their children's education, and at the same time indirectly provide employment opportunities for teachers in extracurricular classes.

 

10 Coloring Book 7 Chinese Prints

 

When we read the media in Europe and America recently, we can see that the heads of business groups such as the National Manufacturers Association of America and the National Retail Federation of the United States have warned that fighting trade with China will “substantially increase the cost of American consumers” and “punish ordinary Americans”. . According to the “Washington Post” report, shoppers in US farmers and supermarkets are likely to feel pain in the trade war. Many of them have voted for Trump. Many retail companies have already sent a letter to Trump, not to increase the gap between the rich and the poor in the United States and to punish the low-income working families in the United States.

 

The direct import of Chinese goods is only part of Sino-American trade. The contribution of the Chinese to American families has long been ubiquitous. Almost all states in the United States have investment from Chinese companies. Chinese companies also directly employ about 150,000 U.S. employees in some “rust belts” in the United States. After China’s Shuanghui Group acquired Smithfield Foods, the world’s largest pork processing company, in the past few years, the meat products it produced also became a choice for American family dining tables.

 

I randomly read 10 children's books at home. There are actually 7 copies printed in China. This reminds me of the difficulties I faced when planning to publish in the United States several years ago. The publisher said that my book can be printed out, but it is better not to have photos in it. If there is, it must be black and white, because the color printing is extremely expensive in the United States. With color printing, my book will not be sold to many readers due to the high price. As a result, my English book, which mainly wanted to introduce China's development and change in color photos, was still published in China. Children's books have more pictures and richer colors. It is very difficult to print in the United States and maintain a retail price of $20 while making profits.

 

The United States has not found a Chinese alternative

 

The above aspects of life do not include all kinds of electronic products necessary for the digital era: from mobile phones to computers, from "flat" to Amazon's new Echo voice-activated computers, etc. Many electronic products purchased by American homes are assembled in China. of. The mother with a child who was born with a mother-in-law told me: "Fortunately, now that computers are cheap, you can buy one for each child. Otherwise, two people will have to share one for the time being." She also knows that if Apple's mobile phone is not assembled in China, retail prices Will be much higher than the current price.

 

The report of the US-China Trade National Committee in previous years stated that China-US trade and economics can save each typical American family $850 per year. I and McIlroy, who have a lot of research on supply chain management, believe that smooth Sino-US economic and trade can also save American families more. McIlroy said that China has become an important part of the global commercial supply chain. The speed, quality, and scale of "Made in China" are not easily duplicated and replaced by other developing countries or even the United States. This is the last 30 years of Chinese manufacturing. Constantly practiced and improved results. Many industries such as toys, footwear, and processing of incoming materials have formed large-scale industrial clusters in China, and their competitiveness will be difficult to shake at least in the next 5 to 10 years. This is why many US companies choose to manufacture products in China.

 

“U.S. has always mentioned issues such as intellectual property protection. In this respect, China is indeed improving. In short, the trade war between the United States and China is by no means the best solution.” McIlroy told me that the White House’s “secondary "Disasters" are ill-conceived, such as the inflationary pressure brought about by the increase of tariffs, and the difficulty of US companies entering the world's largest consumer market in the future. I told him: "I can't imagine that children's books are all black and white, or that there are fewer beautiful toys for classmates on their birthdays. More important than saving money, is that Sino-U.S. trade has enabled more American families to buy more. Diversified products enrich people's lives."