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by adventured
3031 days ago
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The current projections are that the US will probably reclaim its manufacturing crown or get close to it. A big part of China's gains the last ten years are in over-production. As those excesses are eventually removed or reduced, the gap will close to practically nothing within about another 10-15 years. For example, that chart showing the manufacturing levels, if you do nothing else but remove China's current subsidized industrial over-production, the gap narrows such that China is merely ahead by 10-15%. China's manufacturing is no longer expanding meaningfully, whereas US manufacturing continues to expand slowly but surely year after year; the corp tax cuts and very inexpensive US natural gas will continue to bolster that. http://fortune.com/2016/03/31/united-states-manufacturing-ch... |
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