China Now World's Top Manufacturer
March 17, 2011
It was a good run for the US, but now it's over.
From
the Daily Mail:
China is poised to become the world's biggest manufacturer, ending America’s 110-year reign as the leading producer of goods.
Figures compiled by U.S economists reveal that America will drop to second place by 2011.
By then China will be responsible for a fifth of all the goods manufactured worldwide.
Electrical machinery and equipment, clothes, footwear and furniture make up the most in demand items from consumers worldwide.
Toys and plastic items are also among the most in demand goods from a nation that has seen its exports quadruple in size over the last nine years.
Faster growth in China as the US emerges from its worst economic recession since the 1930s will see China take the top spot next year.
More at
DM.