BEIJING - China may overtake the United States as the world’s largest manufacturer by 2015, according to the economic forecaster IHS Global Insight.
Huh? Think there is a correlation?
China's Manufacturing Jobs Surged As American Jobs Disappeared
Company spokesman Jim Dorsey confirmed the forecast, published by The Wall Street Journal, in a phone interview today from Lexington, Mass. China’s manufacturing expanded for a fifth month in July as record lending and a $586 billion stimulus plan drove a recovery in the world’s fastest-growing major economy, an official Purchasing Managers’ Index showed on Aug. 1.
WTF? China's Stimulus Succeeds?
Ours didn't?: Stimulus Was Stolen
THEY SPENT LESS than we did?
But our BANKS are FINE!: Slow Saturday Special: Suffering Banks
US industrial production has fallen for eight straight months. As of 2007, the latest year for which data are available, the United States accounted for 20 percent of global manufacturing. That compared with 12 percent for China, the Journal reported.
--more--"Update: The United States does not have the best health care system in the world
No kidding: Sicko
