Up until recently it was low-tech factories going to China to make low-tech products, the handbags the gentleman talked about. That was because one could not invest a lot of money in China if they were not sure that the products could come back to the United States because that was why they were building the factory.
Wendy Sherman: “Up until recently it was low-tech factories going to China to make low-tech products, the handbags the gentleman talked…”
Editor's note · Context
Discussing the shift of low-tech manufacturing to China.
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