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Old 08-15-2008, 02:27 AM   #1 (permalink)
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China to overtake US as largest manufacturer
China to overtake US as largest manufacturer

Peter Marsh Financial Times

August 10

Quote:
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.
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Old 08-15-2008, 02:01 PM   #2 (permalink)
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Yes, but they let quality control slip to worse than third world standards.

So neener, neener!
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