China surpasses US as world's top manufacturer
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By measures of output, China edged by the United States to become the world's largest manufacturing country last year, ending US dominance over the last 110 years, according to a study Monday by economic research firm IHS Global Insight.
China accounted for 19.8 percent of global production in 2010, slightly higher than the 19.4 percent of the United States, the report said.
Yet this doesn't mean death for US manufacturing, since its production efficiency is still quite competitive, the report pointed.
"In other words, the US manufacturing sector is producing roughly the same amount of output in 2010 with 11.5 million workers as opposed to its Chinese counterpart with around 100 million workers," IHS said.
A large portion of China's manufacturing is driven by the local plants of US companies and technologies, IHS added.
China's business press carried the story above on Tuesday. China.org.cn has not checked the stories and does not vouch for their accuracy.
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