America Manufactures More Than China?? On What Scale?
Submitted by: Jimmy Spann
I thought that this article was pretty interesting. Just some food for thought.
http://www.msnbc.msn.com/id/30229507//
It basically gives a different look at global manufacturing compared to what I have been reading about through all of our Chindia readings. They have said that pretty much everything made today is “Made in China.” This leads me to believe that they would be the leading producer in quantity of goods made and exported.
However this article brought up a good point:
“For every $1 of value produced in China’s factories [in 2007], America generated $2.50.”
We are still producing the high-valued goods that China has not been trusted with yet. We exported $1.377 trillion worth of goods last year. Nearly half of the exports were capital goods: aircraft, computers, electric power machinery, office machines, and telecommunications equipment.
I thought that this was very interesting and would not have guessed it for the life of me. And I do realize that next year it might be more even, and in the years to come these types of products might go to China.
But I say that some stuff has to stay here. If we were to go War with China, or anyone that China supports, I believe that we would need to produce our own wartime supplies because I am sure that China would not be willing to keep servicing us during those times. And I know that this is not likely, but you can bet that there are analysts in Washington thinking of every worst case scenario and how they can be avoided.
12 comments April 25th, 2009