Comments on: The iPod – the iCon of Chinese capitalism http://blogs.reuters.com/macroscope/2011/06/07/the-ipod-emblem-of-the-chinese-economy/ Shining a light on the dismal science Wed, 16 Nov 2016 01:39:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: jmmx http://blogs.reuters.com/macroscope/2011/06/07/the-ipod-emblem-of-the-chinese-economy/comment-page-1/#comment-2259 Wed, 22 Jun 2011 01:59:01 +0000 http://blogs.reuters.com/macroscope/?p=4796#comment-2259 As the wages and inflation rise in China – it will force some businesses to relocate to poorer areas, but also some will return to the USA.

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By: Sebastian Tong http://blogs.reuters.com/macroscope/2011/06/07/the-ipod-emblem-of-the-chinese-economy/comment-page-1/#comment-2254 Thu, 09 Jun 2011 13:05:56 +0000 http://blogs.reuters.com/macroscope/?p=4796#comment-2254 Thank you for your comment.

Apple is working with Foxconn to prevent more worker suicides, including auditing the Chinese plants of its supplier to ensure conditions comply with its standards.

The point of my blog is that the iPod is an interesting prism through which to view China’ economy and gauge its shift in emphasis from manufacturing and exports to domestic consumption.

At first glance, the iPod encapsulates China’s manufacturing prowess. It is able to assemble very sophisticated products at a cost that is low enough to attract global companies. So much so that these Made-in-China iPods and iPad contribute to the trade surplus in China’s favour against the U.S.

But a closer examination of the iPod story also reveals the limitations of the Chinese model. The country remains far behind in innovation and doesn’t own the intellectual property behind many of the products it exports.

A University of California study, for instance, found that the iPod accounted for almost 41,000 jobs worldwide in 2006, of which only 30 jobs were in manufacturing in the US.

But more than two thirds of all the wages paid to workers in the iPod value chain were estimated to have been paid to US workers.

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By: monicamarias http://blogs.reuters.com/macroscope/2011/06/07/the-ipod-emblem-of-the-chinese-economy/comment-page-1/#comment-2246 Wed, 08 Jun 2011 00:29:18 +0000 http://blogs.reuters.com/macroscope/?p=4796#comment-2246 Well , well ! It seems we human beings do not learn from huge mistakes and continue to repeat abuse against other human beings…Why is this so? Some specialist would say: “because it is in our nature” and I would completely go against that superficial argument. You see, I am an Apple consumer and fan and think the company does not need this kind of bad news spread against them all over. However, abuse means the same thing whether practiced by a dictator or a renown prestige company like Apple.
Excellent report.

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