"Although globalization is widely recognized these days, the U.S. economy actually remains relatively closed," the authors write in a recent report, 88.5 percent of Americans' consumer spending is on things made in the U.S. In the U.S. market, China only had the edge over domestic businesses in the nondurable goods category that includes clothing and shoes. It also, unsurprisingly, does well in the U.S. in the groups of goods that include electronics and household appliances.
But China doesn't come that close in any other category. Even of the 2.7 percent of "Made in China" goods, only 1.2 percent represents "China-produced content," the authors write. The rest goes into things like American design and assembly and transocean transport. Just something to remember next try time you hear someone cursing a "Made in China" label."
US export partners -- China, 6 percent. US import partners -- China, 19.3 percent.
Source, The CIA World Fact Book
Behind a veiled velvet curtain, in a smoky room with the lights dim and a public dimmer still. The directors pull the levers and spin the wheels to make you think that what you see is the truth, but the truth is, they only let you see what they want you to see and it is never the truth.
"You asked me once,' said O'Brien, 'what was in Room 101. I told you that you knew the answer already. Everyone knows it. The thing that is in Room 101 is the worst thing in the world." -- George Orwell
October 2011 by October 2011