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episode 2822: The American-Chinese Business Model Is Ending
And so the exodus began. American factories, by the droves, moved across the Pacific. The elites were happy, as profit margins, driven chiefly by this low-cost Chinese production, continued to increase. The overall effect on the American economy was profound. Consider this: the most profitable companies, the ones with the most significant incomes, all follow this business model, American marketing with offshore (principally Chinese) production. Almost the entire US Tech Industry now has its manufacturing facilities in Asia.