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I had an interesting conversation with a Chinese friend who works for local district’s government (in Shenzhen city). He explained to me how "the Chinese legal system does too little for society". No recourse against factories closing … [Read more...]

In Hot, Flat and Crowded, I read that the exact cost of oil delivered by air-borne tanker to the US military stations in Irak is... $42 per gallon. Here are the elements to add up: Commodity price of oil + cost of delivery + cost of … [Read more...]

Some large retailers purchase their goods directly from Asian manufacturers, who in turn buy the components and process them. That's about as "direct" as it can get. It allows buyers to avoid the margins of all kinds of … [Read more...]

Twenty-five years ago, the companies that imported from Asia were mostly large structures. Some have set up local offices to conduct quality control. Others have secured the quality of their imports by working with large 3rd party QC … [Read more...]