Talk About Ingenuity

Lest we Americans think we have the market cornered on ingenuity or good old fashioned 'know-how,' we really need to consider our Chinese competitors.

Newsweek recently ran an article about some very clever entrepreneurs who ply the banks of the Yangtze River in Wanzhou and give new meaning to the term Chinese Laundry:

Reporter Nick Mackie traveled to Wanzhou, perched on the banks of the Yangtze River, to see if residents were responding to the government's drive to boost domestic consumption of household goods.  With the economic crisis biting deeper, Beijing hopes that internal demand can soak up some of the made-for-export appliances–washing machinese, TV sets–that no longer have markets in the West.  He found an unusual scene down by the river.

Read the whole thing.  You won't be disappointed.