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China To Overtake USA In Manufacturing

Posted By admin On June 21, 2010 @ 4:20 am In Featured Stories,U.S. News | Comments Disabled

Peter Marsh
Financial Times [1]
June 21, 2010

The US remained the world’s biggest manufacturing nation by output last year, but is poised to relinquish this slot in 2011 to China – thus ending a 110-year run as the number one country in factory production.

The figures are revealed in a league table being published on Monday by IHS Global Insight, a US-based economics consultancy.

Last year, the US created 19.9 per cent of world manufacturing output, compared with 18.6 per cent for China, with the US staying ahead despite a steep fall in factory production due to the global recession.

That the US is still top comes as a surprise, since in 2008 – before the slump of the past two years took hold – IHS predicted it would lose pole position in 2009.

Full article here [1]

China To Overtake USA In Manufacturing 140410banner4 [2]

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URLs in this post:

[1] Financial Times: http://www.ft.com/cms/s/0/af2219cc-7c86-11df-8b74-00144feabdc0.html

[2] Image: http://infowars-shop.stores.yahoo.net/post4rioffe.html

[3] China consumers to overtake U.S. in a decade: Credit Suisse: http://www.prisonplanet.com/china-consumers-to-overtake-u-s-in-a-decade-credit-suisse.html

[4] China could overtake US economy by 2030: World Bank: http://www.prisonplanet.com/china-could-overtake-us-economy-by-2030-world-bank.html

[5] China may not overtake America this century after all: http://www.prisonplanet.com/china-may-not-overtake-america-this-century-after-all.html

[6] Roubini: India May Overtake China within a Year: http://www.prisonplanet.com/roubini-india-may-overtake-china-within-a-year.html

[7] More Signals of Slumping Manufacturing: http://www.prisonplanet.com/157391.html

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