obama, romney differ less on china trade, investment issues than they claim - chinese appliance manufacturers

China is one of six topics on the agenda of the presidential foreign policy debate on Monday night.
But this issue may be of great concern, as it is the only one on the list that is directly related to the overwhelming attention of voters: the domestic economy.
In the last debate, the word "China" appeared nearly 20 times, as candidates competed to be tough in rapid competition --
Asia's economic strength is growing.
Republican candidate Mitt Romney said in a campaign speech in Ohio and other industrial states: "On the first day, I will announce that China is a currency manipulator," and he promised to "crack down" part of the tactics, he said the tactics were taken out of the United States. S.
Technology, thinking and work.
President Obama has been cracking down on Romney's investment in China through the private sector.
He said that Bain Capital's record covered up the seriousness of the Republican candidate.
Sounds good.
"Governor, you are the last person to be tough on China," Obama said on CNN . "
A televised debate was held last week.
In contrast, Obama stressed what he called a more rigorous approach.
"We have brought more trade cases against China in one term than the previous government in two terms," he said . ".
Despite the rhetoric, a check on the records of the two candidates shows that they are all middle-parties in trade and are unwilling to significantly change the trajectory of the United States. S. -China relations.
Mr. Obama had previously said tough things about China, but his ruling record did not impress those who supported the fight against China.
In 2008 presidential campaign, Mr. Obama vowed, as Mr. Romney did today, to take a tough line against China's currency manipulation.
But once in office, he has never done so, and he prefers to respond effectively through negotiations.
"This is Obama's weakness.
He should be more active, "said Thea Lee, chief international economist at AFL. CIO.
Others worried about overseas job migration recalled that Obama had also promised in 2008 to cut tax incentives for companies moving jobs overseas, but did not meet that goal.
"After being elected, Obama won a majority in both houses [2]of Congress]
Huge public opinion recognition, but he didn't do it, "said Ron Haila, a professor at Rochester Institute of Technology, who followed the American movement. S. jobs offshore.
Romney has a lot of experience in investing in China and other countries, but he doesn't talk much about it in the campaign.
As the Obama campaign has often pointed out, Bain Capital has a stake in some of the practices that Romney is now condemning.
Romney's relationship with China is complicated.
But looking back on 1998, several Bain Capital entities he controlled made a passive investment in a Chinese manufacturing company, global technology appliances, which could bring the biggest relief.
In the 1990 s, global technology was producing bread.
Sunbeam is an American company that has started firing workers from North American factories.
A prospectus by universal technology in early 1998 describes 6-day-a-
The company's factories in China produce weekly and note the growing international trend of outsourcing.
The prospectus says
Equipped with Chinese factories "and the use of cheap labor to enable companies to produce goods for brands efficiently"
In the West, more and more manufacturers outsource product development and manufacturing.
"In addition to providing jobs for the United States,S.
By the beginning of 1998, global technology companies had become the subject of litigation in the United States. S.
The Federal District Court charged the company with being involved in patent infringement while expanding its product line, which the United States later confirmedS. Supreme Court.
Bain has never fully owned Global Tech, but it is indeed a passive investment that ultimately controls more than 10% of the company's shares.
After the Boston Globe reported Bain's investment last month, the Chinese company's treatment of workers was condemned by an International Labor Organization and the Obama campaign, which announced in a radio ad that, global technology companies pay workers "almost nothing. . .
Under the conditions of sweatshops
Romney did not publicly respond to the allegations.
But in past statements, he described a visit to a bread-producing factory during his visit to China --
Manufacturers and other electrical appliances, in many ways, match the description of the global technology facility operated in 1998.
Romney left his journey, impressed by the discipline of young factory women workers, and briefly discussed his impressions in a recent book and at the Boston 1998 seminar hosted by the University of Massachusetts.
"I went to a factory made up of 5,000 workers to produce bread and mixers," Romney said, according to the minutes of the seminar . ".
"5,000 Chinese, all graduated from high school between the ages of 18 and 24, working as hard and working as possible at about 50 cents an hour.
They care about their work.
They don't even look up when we walk.
In his book "No Apology", Romney described returning to Boston after visiting an electrical appliance factory in China and then visiting an unnamed competitive US factory.
"If productivity is just a measure of how quickly people work and how hard they work, you have to come to the conclusion that Chinese workers may be more productive than our own, Romney wrote in 2010 books.
"But in fact, the labor force in the United States is more efficient and efficient.
The reason is that labor productivity is the measure of the value of goods and services produced by workers, not just the speed or concentration of their work.
He speculated that the productivity of the United States may be due to the United States. S.
Workers have greater skills, experience and opportunities to use advanced equipment.
For his part, Obama admitted in the last debate that "some jobs will not come back because they are low --wage, low-skill jobs.
He emphasized investment in "advanced manufacturing" and education to make the United States a leader.
Romney highlighted Obama's own pension investment in the last debate.
The president denied the comment with a joke about the size of Romney's pension.
But the Republican view is not a joke.
Mr. Obama's retirement account holds shares in American companies such as Apple.
Labor costs in China.
Investment in global technology has not only attracted Bain Capital's interest, but has also attracted interest from leading institutional investors, including Calpers, China's largest public pension fund, for several years.
It provides retirement income for public employees in California.
Alice Cretz contributed to the report.