China to Overtake USA 4 Years Earlier Than Expected

China to Overtake USA 4 Years Earlier Than Expected

08-11-2008, 11:49 PM

#1 (permalink)

Mike Ellis

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Join Date: Jul 2001 Location: DFW Texas Posts: 2,257

China to Overtake USA 4 Years Earlier Than Expected

Outstanding news that will have Dollartarians and liberal leftists wetting themselves in excitement. Never forget, being surpassed by other nations is a GOOD thing.

Be sure to head over to Wal-Mart for a nice buggy-load of Chinese products in celebration.

FT.com / Asia-Pacific / China - China to overtake US as largest manufacturer

Quote:

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.

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Mike Ellis

'97 Club Cab 3500, 5 spd, 3.54 gears, Camper/Tow package, turn down gooseneck, Line-X bedliner, KDP jigged, RS9000X shocks, Torklift frame mount tiedowns, Bigfoot 2500 10.6 camper. Leprosy cured at last - new paint May 08

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