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Yes China is going to suck all the oxygen out of the room so to speak, with respect to nautural resources. Within the next few years millions and millions of Chinese are going to start driving cars for the first time. They have an impossibly cheap labor base that is going to suck manufacturing out of the western countries until their standard of living and wages equalize with the west. And with the size of China's labor force, they will take over all of U.S. manufacturing before that equalization occurrs.
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