Who coined the term “widget” anyway?  Ah, but we are talking about China now, so perhaps they were one of the four (five) great inventions that benefited mankind.  The others, of course, being soccer, pizza, Koreans, and unsanitary conditions.

But anyway, today we talking about the dilemma of a widget maker in China, or the value of increasing your own value, in the value-added chain.  This is an especially sensitive time for China in this regard, and if they continue their present course, China is likely to become too expensive before it becomes rich.  Let me explain:

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