very competitive. hyperproductive and they're actually profitable. and as you have currencies starting to normalize a little. there's a lot of inflation in china, so they might let that currency rise a bit, that's going to help even more. i would be careful of saying we want to become like the manufacturing floor for the world again. when you look at cycles, i think it's important that policy starts to figure out some of the basics about cycles, because i really don't think policy-makers get it. but when you embrace say manufacturing sectors and if we were all kind of exporters, we would be very cyclical. much more cyclical than we are now. meaning we would have big booms and big busts. >> christia freeland and lakshman achuthan, coming up, cutting costs and creating jobs. , we'll invest in renewable-energy energy-efficiency
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