I just recently found out that China will be making commercial airplanes. You know what that means.....Boeing and Airbus are going to be hurt, hurt pretty bad by China's relatively low prices just like with almost everything they export. Not only are the American and European companies going to be under pressure once Chinese commercial airplanes begins to get a hold of the international market, they will also probably have to let go of many employees in order to save some money. But, good for them anyway...China is prospering. However, America....being probably the largest airplane manufacturer in the world by far, is going to suffer from Chinese commercial airplane company in the near future due to lower prices. We are probably going to hear in the future that Boeing has decided to lay off X amount of employees so that it would save some money because it is not selling as much as it would if China did not take over the commercial airplane market.
In one of my previous blogs, I wrote that my Texas Instruments calculator is "Made In China". After all, it says Texas Instruments but it is made in China. Now...is it a surprise that we are so dependent on China to make almost everything for us and the rest of the world that now they are going to take over the market in the areas that we thought was not theirs.
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