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Sorry for troubling, but it is hard for me to understand what the author is really trying to say.

Thanks very much in advance!

Subject: China

China’s financial sovereign interests are worried about Europe, and there are rumors that they may sell debt from the region if it does not stabilize. Part of the trouble in the Eurozone is that public employees are striking to resist the pay cuts that come with austerity. That, in turn, could undermine future GDP growth.

China, it is supposed, can control its work forces. The regime is totalitarian and has an huge army. Workers will do as they are told. Honda Motor (NYSE: HMC) has found out otherwise.Employees at a Honda factory in China are on strike over what they think are low wages. It is hard to say if employees of other Chinese firms would take the same risk. AsiaOne reports that “Employees refused to work on May 17 and 22 over claims they are paid 50 times less than their Japanese colleagues.” It is the kind of problem that will continue to grow as more foreign countries build their presence in the People’s Republic.

The US has already complained that China’s government has made it markets somewhat impenetrable. China may want to protect the viability of its own companies by setting the bar for foreign firms high. Car companies have long done business in China, which is the world’s largest auto market. And, the Chinese are known for taking the knowledge they gain from car companies based in Europe, Japan, and the US and then forming their own local companies.

The Honda strike sends a clear message to overseas firms doing business n China. Workers who normally could not stage a labor stoppage otherwise, can send a message that Chinese workers are worth as much as their foreign counterparts. And, Honda has to question whether the strike is just about raises or rather a message the China will control its work forces and foreign companies will not.
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Hi,

Can you please high-light the parts that you really need help with?

Do you know what 'a strike' is?

Clive
Comments  
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Hi Clive, thank you for your reply!

Yes, I know what 'a strike' is, but I don't know what the author tries to imply in the article. If the main sentence of each paragraph is the first one of them, then the first paragraph is about the investment tendency of the Chinese gov. on foreign debts, the second and fourth are about the the work forces control, and the third is about changes of China's domestic investing environment.

So if I am correct for the above, does that means the author want to tell that China is strengthening its economy by profit-oriented foreign investment, meanwhile with controls of overseas investment in the domestic?

BTW, please do correct my other errors if any. [G]

Very appreciate your help!Emotion: nodding
Hi,

Yes, I know what 'a strike' is, but I don't know what the author tries to imply in the article. If the main sentence of each paragraph is the first one of them, then

the first paragraph is about the investment tendency of the Chinese gov. on foreign debts, Yes. They are worried about not getting these debts repaid.

the second and fourth are about the the work forces control, Yes

and the third is about changes of China's domestic investing environment. I wouldn't say 'changes'. It seems more about China not wanting to change the way they protect Chinese businesses.

So if I am correct for the above, does that means the author want to tell that China is strengthening its economy by profit-oriented foreign investment,

meanwhile with controls of overseas investment in the domestic?

I'd summarize it this way.

China is worried about its investments in Europe.

We expect China to have strong control of its workforce, but maybe that may change. Or maybe not.

China wants to protect its own businesses.

Clive
CliveHi, Yes, I know what 'a strike' is, but I don't know what the author tries to imply in the article. If the main sentence of each paragraph is the first one of them, ... China wants to protect its own businesses. Clive

Very clear now. Thanks a million for your summary! Emotion: big smile
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this article mainly about what ?