The Instigator
dolphinlover
Pro (for)
Tied
0 Points
The Contender
IncredulousVessel
Con (against)
Tied
0 Points

America should minimize the company production over in China to be able to slowly pay back our debt

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Voting Style: Open Point System: 7 Point
Started: 2/5/2013 Category: Politics
Updated: 4 years ago Status: Post Voting Period
Viewed: 543 times Debate No: 29922
Debate Rounds (3)
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dolphinlover

Pro

America is in debt to china by 14.3 trillion dollars. Not only that but the fact that china's poulation has increased from 667 million in 1960 to 1.34 billion people in 2010 is making china overpopulated. Some of the money owed to china is not only goverment money but citizen money. If we continue to have these comonies over in china we will not be able to ever pay them back.
IncredulousVessel

Con

If USA were to retract its virtually immeasurably huge profit base in China altogether it, in fact, would be far less likely to ever be able to eventually pay back any debt whatsoever because it literally has such a huge income source in China that it needs to stay there to make sufficient profit.

This is like asking a ring worm to stop feeding on a human because it's going to kill the human or cause the human to want to kill it, ultimately the parasite cannot stop doing what it must do.

USA is in debt and now must use China in order to eventually, one day, pay it back in full.

I shall quote a source and leave you to rebut this in round two.

Source: https://www.uschina.org...

"At a cumulative $18 billion China was the eighth-largest foreign destination of US manufacturing capital expenditures—what companies pay to acquire, expand, or upgrade their facilities—between 2000 and 2008. While US manufacturing capital expenditures in China grew 208 percent over this period, China accounted for a mere 4 percent of all such expenditures outside the United States. The Bureau of Economic Analysis, which tracks this data, indicates that about 86 percent of US subsidiaries in China are US wholly- or majority-owned facilities.

When comparing capital expenditures in China by American manufacturers over the past decade to what they invested in American manufacturing, there isn't much to compare. Aggregate capital expenditures spent by American multinationals in their US-based manufacturing facilities between 2000 and 2008 totaled $1.5 trillion—84 times what they spent on their China facilities over this period. Clearly, the presumed shift of the US production base to factories in China is greatly exaggerated.

That doesn't mean that the growth of US manufacturing operations in China is not important—it is, and mostly in a positive sense. What is driving manufacturing and other investment growth in China? Put simply, it's a huge market that is rapidly growing in wealth. The Chinese people want to buy things and are increasingly able to do so. These operations contribute to total product sales within the Chinese market by US companies' China operations, which reached $87 billion in 2008—an increase of 431 percent since 2000. Services contributed another $12 billion in local sales by US companies' China operations in 2008."

USA is gaining hugely from being in China. China is happy to let USA abuse it for now but is not stupid enough to demand all debt at once and begin world war three. They are reducing their unemployment significantly by these American corporations giving their people jobs. On another note, USA is profiting greatly from Chinese workers willing to work for what would be peanuts in USA but in their region, or town, is sufficient to lead a decent life.
Debate Round No. 1
dolphinlover

Pro

dolphinlover forfeited this round.
IncredulousVessel

Con

IncredulousVessel forfeited this round.
Debate Round No. 2
dolphinlover

Pro

dolphinlover forfeited this round.
IncredulousVessel

Con

IncredulousVessel forfeited this round.
Debate Round No. 3
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