US manufacturing may top China by '16: study
May 19, 2011 | 06:51 PM
| Catherine Ngai
NEW YORK China may lose significant market share in the manufacturing sector and lag behind its U.S. counterparts by 2016, a new study suggests, indicating a possible cardinal shift amid debate over competition from the East.
The study, published this month by Boston Consulting Group, shows that as Chinese wage differentials decrease, the yuan appreciates and the government decreases its assistance in the economy, China will lose its competitive advantage in manufacturing.
"The future is not looking so positive for the Chinese," said Chris Kuehl, economic analyst for the Fabricators & Manufacturers Association Intl. (FMA), who said the study affirms his own findings. "Wages are growing at 17 percent annually, while in the U.S. they are growing at 3 percent."....
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