China is world's biggest manufacturer PDF Print E-mail
Written by Stumo   
Tuesday, 08 January 2008

This Heritage Foundation piece debunks the World Trade Organization's recent findings that China's economy is much smaller than we thought.  China has actually passed the U.S. as the world's leading manufacturing economy.

Now that China's manufacturing sector has nosed past the United States, America's political leaders must begin to contemplate what China's economy will look like in another five years. It will likely be half-again bigger than America's industrial sector, giving China the capacity to assemble the building blocks of a military superpower.

To repeat, China is now bigger than the U.S. in manufacturing.  Right now.  Our biggest geopolitical rival - not our enemy, but our rival. 

China had the tools to unilaterally increase its trade surplus and create rocketing economic growth - and they used them.

The U.S. has the tools to neutralize the unfairness from currency manipulation, VAT tariffs, foreign subsidies, etc. - and we do not use them.  Someone might call us "protectionist" for neutralizing the protectionists.

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