The jobs have been replaced with jobs paying a lot less than the originals, plus unemployment is still rising, even if you accept the Governments massaged figures.
But thats ok eh? people with less disposable income are not going to have any effect on the economy is it? especially one now based upon the service industry, the facts are that bankruptcies and IVA's are on the increase as the burden of debt engulfs these people.
You obviously have no involvement with the Chinese or the way they are doing buisness, else you would understand how their system works and you have yet to feel the full force of the Open skies agreement, something that is not in the best interests of the airline workers, but you will see if its "alrmist claptrap" or not, but by then it will be too late for the industry as it currently stands.
Globalisation benefits a small few making larger profits then moving on to the next country to destroy their national economy with no regard to what they leave behind. Globalistaion is NOT Capitalism, but theft in its purest form.
When China "Globalises", it will not be for the benefit of us in Western Europe, nor for the ordinary Chinaman, as their system is still based upon a warped version of Communism and corruption.
Already we have seen cutting of corners to produce their cheaper products, from toothpaste, tyres that shred and lead in toys. Its a Brave New world you are championing!
Why do you think that so many people now go out their way to buy Fair Trade products? They have seen through the economy destroying nonsense you are spouting.