Small change
Revaluing China's yuan is no magic bullet for problems plaguing US trade and labor
David Bourque has 16 employees, down from 25 three years ago. The chief culprit: Chinese competition. Bourque's firm, Abco Tool & Die in Hyannis, makes plastic molds for the optical industry. Bourque can build an elaborate mold for $80,000. His customers can buy the same mold in China for $20,000. (Full article: 904 words)
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