China is quick to buy state of the art equipment and machinery to reach a long term profitable company, while many US companys put off buying state of the art equipment & machinery so their next quarter balance sheets shows $$$ for stockholders. the company i work for is getting a 12 year old press from our sister company in Italy, they are buying a new 2.5 million dollar press because the italian government mandates that a business set aside a percentage of income for upgrades. take it for what its worth, bash China or India but many of these countrys know what it takes to beat us at our own game They are not as greedy!!! BTW i've been in manufacturing for 20 years now..