Over the last 15 years, we have been consuming, importing from China and other places, but the manufacturing has been done there.

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"Inflation has been damped pretty dramatically in the U.S. because it exported work to China and other places at 20% or 30% of the cost, " said Hal Sirkin, a consultant at Boston Consulting Group.

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The other main places for cutting and polishing are China, Israel and the United States.

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Buying them from China and Russia (and other countries) to ship them to the US where that high tech, highly paid, labour makes the high tech, high value added, part of the light bulbs which is then shipped off all around the world, to China, Japan, Germany, Holland, the Czech Republic and any number of other places to be finally made into the light bulbs.

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Several of these firms are based in the British Virgin Islands or other offshore tax havens and plan to invest primarily in places like China or the Russian Federation.

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As India, China and other emerging economies become wealthier and adopt Western diets, the diabetes rate is surging in those places as well.

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