Follow Slashdot stories on Twitter

 



Forgot your password?
typodupeerror
Get HideMyAss! VPN, PC Mag's Top 10 VPNs of 2016 for 55% off for a Limited Time ×
The Almighty Buck

Submission + - China set to trump US in manufacturing

iminplaya writes: China is set to overtake the United States next year as the world's largest producer of manufactured goods, four years earlier than expected, as a result of the rapidly weakening U.S. economy. The great leap is revealed in forecasts for the Financial Times by Global Insight, an economics consultancy based in Boston. According to the estimates, next year China will account for 17% of manufacturing value-added output, while the United States will make 16%. In 2007, the United States was still easily in the top slot and accounted for a fifth of the total. China was second, with 13.2%. The expected change will end more than a 100 years of U.S. dominance. It returns China to a position it occupied, according to economic historians, for 1,800 years, up to about 1840, when Britain became the world's biggest manufacturer after its Industrial Revolution.
This discussion was created for logged-in users only, but now has been archived. No new comments can be posted.

China set to trump US in manufacturing

Comments Filter:

Quantity is no substitute for quality, but its the only one we've got.

Working...