Key How To

Re: [spiers] Key How To

Hi John,
I thought the following quote from an article in the NY Times concerning Chinese
auto manufacturers(
http://www.nytimes.com/2006/10/18/automobiles/18chinacars.html?pagewanted=1&_r=1\
&th&emc=th ) would appall you suitably:
China's automakers also face rising wages at the same time the country's
currency is gradually appreciating, making Chinese exports more expensive
abroad.

"It is a message for us," said Jiang Lei, the executive vice chairman of the
China Association of Automobile Manufacturers, a government agency that guides
the industry. "We cannot rely on cost alone. We have to improve our technology
and management level."

Pete Holt

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