Results 1 to 3 of 3
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
Threaded View
-
08-11-2008, 02:34 AM #1
China to overtake US as largest manufacturer
China to overtake US as largest manufacturer
By Peter Marsh in London
Published: August 10 2008 22:37 | Last updated: August 10 2008 22:37
China is set to overtake the US next year as the world’s largest producer of manufactured goods, four years earlier than expected, as a result of the rapidly weakening US economy.
The great leap is revealed in forecasts for the Financial Times by Global Insight, a US economics consultancy. According to the estimates, next year China will account for 17 per cent of manufacturing value-added output of $11,783bn and the US will make 16 per cent.
Last year the US was still easily in the top slot and accounted for a fifth of the total. China was second with 13.2 per cent.
John Engler, president of the National Association of Manufacturers, a Washington-based trade group, played down the effect of the projections. It was “inevitableâ€Support our FIGHT AGAINST illegal immigration & Amnesty by joining our E-mail Alerts at https://eepurl.com/cktGTn
REPORT: Border Charities Using Taxpayer Money For Big Salaries,...
05-14-2024, 05:49 AM in illegal immigration News Stories & Reports