Submitted by: Jimmy Spann
I thought that this article was pretty interesting. Just some food for thought.
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 â€œMade in China.â€ 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.