Years ago, I spent a few days at a factory in China as a way to explain global supply chains. The factory sold construction boots to U.S. suppliers for $15.30 apiece and made a small profit. The U.S. retailer sold the boots for $49.99 and made a bigger profit. www.nytimes.com/2006/08/03/b...
nytimes.com
Trade imbalance masks a struggle to get by in China - Business - International Herald Tribune (Published 2006)