China Move Too Little, Too Late for Cary-Based Manufacturer

Daily Herald (Arlington Heights, IL), July 22, 2005 | Go to article overview

China Move Too Little, Too Late for Cary-Based Manufacturer


Byline: Liz Hester Medill News Service

Some Washington politicians offered lukewarm praise for China's first step toward revaluing its currency Thursday. But a Cary-based manufacturer said the 2 percent change in a currency some argue is undervalued by 40 percent would have little effect on his import- sensitive bottom line.

"Two percent - that's a joke," said Doug Bartlett, owner of circuit board maker Bartlett Manufacturing Inc. "It's terribly inadequate."

Bartlett said a true way to equalize competition would be a 16 percent shift in the yuan's value, which had been set at a fixed rate since 1994.

Bartlett has watched his sales drop 59 percent over the last five years. He's had to cut the work force from 250 employees in 1997 to 87 today.

Bartlett is fighting back.

Working with the U.S. Business and Industry Council, a lobbying group in Washington, Bartlett testified in April before Congress in support of a bill calling for China to curb "currency manipulation."

Under-valuation gives Chinese exporters a leg up in selling to the United States, while creating an immense burden on U.S. exporters who'd like to sell to China. There are several bills proposed in Congress to address the problem.

"Viewed as the beginning of a process toward a fully market- determined yuan, this development is promising," said Pennsylvania Republican Representative Phil English, who introduced one of the bills. "If this is a last, best offer, however, it is unacceptable."

In the 1980s, there were 3,500 companies making circuit boards in the United States. Now, there are only 450, said Bartlett, whose company was founded 53 years ago by his father.

The U.S. trade deficit with China increased nearly 31 percent to $162 billion in 2004, according to the U.S. trade representative's office.

"People notice that in manufacturing ... the U.S. has become less competitive, especially on price," said Hong Chen, director of the U.S.-Asia executive development program at the University of Illinois at Chicago.

Bartlett's customers agree it's often advantageous to buy lower cost goods from China. …

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

China Move Too Little, Too Late for Cary-Based Manufacturer
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.