The American Entrepreneurs Who First Opened The Chinese Market | Odd Lots

From cars to toys to clothes, we're just used to seeing the label "Made In China" on all sorts of things. But how did China become a go-to destination for manufactured goods in the first place? Who actually recognized that there was a huge opportunity to tap the abundant, low-cost labor to sell goods to Western consumers? On this episode of the podcast we speak with Elizabeth Ingleson, a professor at the London School of Economics and the author of the book Made in China: When US-China Interests Converged to Transform Global Trade. Ingleson traces the roots of the US-China trade relationship to a handful of US entrepreneurs in the early 1970s who first went into the country and recognized its opportunity as an export powerhouse. We discuss who these individuals were, the obstacles they had to overcome, and how they reshaped the entire global economy.
See omnystudio.com/listener (omnystudio.com...) for privacy information.
Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Monday and Thursday for interviews with the most interesting minds in finance, economics and markets.
Subscribe to Bloomberg Podcasts: bit.ly/Bloombe...
Check out more Odd Lots: • Odd Lots
Get the Odd Lots newsletter via www.bloomberg....
And for all things Odd Lots, visit www.bloomberg....
Visit our other RUclips channels:
Bloomberg Television: / @markets
Bloomberg Originals: / bloomberg
Quicktake: / @bloombergquicktake
#Bloomberg #Podcast #OddLots
Visit us: www.bloomberg....
Follow Bloomberg Podcasts on Twitter: / podcasts
For coverage on news, markets and more: www.bloomberg.c...

[@homayounshirazi9550]

Since our factories can't produce what we need, we buy it for a lot less from China and now our government blames china for exporting goods they produce inexpensively to us here! So, we put 100% tax on things we want so people in US would have to pay the 100% tax that we have put on their products and have made those products expensive. As usual, our government always works to people's disadvantage! Our government should blame itself for its poor economic perforance instead of blaming China for offering products we need cheaply. Tax the Super-rich and not emplyees of fast-food stores. But you couldn't do that because the Super-rich pays for your re-election campaigns and in order to raise enough money for re-election you need to the exempt the Super-rich from paying any taxes.