China Overtakes US as Supplier of IT Goods

Posted by ScuttleMonkey on Monday December 12, 2005 @12:37AM from the capitalism-at-its-very-best dept.

Ant writes "CNET News.com is reporting that 'after almost a decade of explosive growth in its electronics sector, China has overtaken the United States as the world's biggest supplier of Information Technology goods, according to a report by the Organization for Economic Cooperation and Development.' From the article: "The most spectacular demonstration of China's ambition to become a consumer electronics heavyweight came in May this year when Lenovo, the Chinese computer maker, paid $1.75 billion to buy IBM's personal computer unit."

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I for one by daliman · 2005-12-12 00:39 · Score: 5, Funny

... welcome our new chinese overlords. Better than the old ones...
Re:Why this is by capt.Hij · 2005-12-12 01:00 · Score: 5, Funny

Absolutely right. It is the poor, poor, executives that make the sacrifices here in the US while the over fed, over indulgent, over rich workers make out like bandits. If it were not for the unions those poor robber barrons would have kept our standard of living comparable to China's where it belongs.
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