China Poised to Out-Manufacture the U.S.

It may seem that China already produces a much greater quantity of goods than the United States because of the abundance of “Made in China” labels in every retailer; however, the U.S. still out-manufactures China, producing 20 percent of goods globally to China’s 12 percent. Analysts predict, though, that the U.S. may not be the world’s largest manufacturer for much longer.
 
IHS/Global Insight, an economic-forecasting firm based in Lexington, Massachusetts, predicts that China will surpass the U.S. in real value-added manufacturing in 2015. This would mean that China will have managed to nearly quadruple the value of its manufactured goods in …read more