US manufacturing may top China by '16: study
May 19, 2011 | 06:51 PM
| Catherine Ngai
Tags
China,
Boston Consulting Group,
Chris Kuehl,
Fabricators & Manufacturers Association,
Thomas Danjczek,
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."....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here