Recently experts claimed that manufacturing industry is not as strong as the Americans imagine, the challenge China posed to the US is quite weak.
In fact, China only has the largest final assembly plant in the world, with little added value.
In order to narrow the trade gap between the two sides, China has increased purchases from the US in recent years. Clearly, the US should not arbitrarily making wild accusations against China, but should seek for some reasons from its own part.
US trade deficit with China is growing. In 2005, China's export to the US stood at US $162.9 billion, and import from the US registered $48.73 billion, creating a trade surplus of $114.17 billion.
In this regard, the US government issued a strong protest, saying it was China's 'unfair competition' that made American manufacturing tending towards a doomed destination and China was 'stealing American jobs.'
This voice of the US government is very common in American labor groups, but it is a conjecture based on no basis.
In a decade, China always has trade surplus, but not big in volume, it only represents some structural problems.
The US remains the world's largest manufacturing country, and China's current strength is still unable to shake its dominant position.
As to the saying of China's manufacturing industry 'stealing American jobs', the original intention of the US government is to progressively take control of China's economic sovereignty.
marketing@alchempro.com
