I had the opportunity to have dinner with a senior engineering manager at ASUS computers a few hours ago. He is a Chinese American (from Hong Kong actually) guy who after 27 years of living in the U.S. immigrated back to China because according to him China is the future of non service sector jobs.
This gentleman works for ASUS computers which can be thought of as the “inventor” of cheap NetBook computers. The first net book they marketed sold for less than $200 in China and around $250 in the U.S.
Now they have a plan to introduce a NetBook with a 10″ screen for 99 Euros in late summer 2010. Its amazing how the Chinese, who died for getting their hands for U.S. dollars now ask you if you have Euros.
ASUS estimates a market of 0.5 billion customers for its lowest priced product.
Back before the U.S. was raped by the American version of the IRI (ie. the Republican party of 1994-2008) the Euro was less than the dollar. Now its over 1.5 dollars if you want to buy from a bank.
Many of our kids will be working for the Chinese before we know it.