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Focusing On The Development Situation Of China'S Manufacturing Share In The US Market

2011/8/12 10:12:00 46

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A recent study by Haier and Hopkin, a senior economist at the Federal Reserve Bank of San Francisco, said that the products made by Chinese shoes and clothing are consumed in the United States.

market

The share is far less common.

According to reports, 88.5% of the goods and services consumed by American households are produced in the United States.

In the remaining 11.5% of the imports, China's footwear and clothing account for less than 1/4, which means only 2.7% of the total consumer spending in the United States.

The report explained that if a pair of Chinese made

Gym shoes

In the United States, it will sell for 70 dollars, and not all of these 70 dollars belong to Chinese manufacturers.

In fact, most of the retail price will be used to pay for the pportation of shoes to the United States, the rental of sports shoes retail stores, dividends to American retailers, and the marketing cost of sports shoes.

These costs include salaries, wages and benefits paid to us workers and managers involved in this process.

According to the report, on average, 55 cents per US dollar spent on goods made in China flows to the US service industry, in other words, the US made in China is about 55%.

American households spend 88.5% of their total spending on goods made in the United States, but they also contain "made in China".

Taking all these into account, the two concluded that the total share of "made in China" goods in US household consumption is only 1.9%.

Obviously, these figures mean mixed feelings.

The good news is that the Chinese threat theory, which is so terrible in the political debate in the United States, is exaggerated.

The worry is that some people believe that the appreciation of the renminbi can create more space for US manufacturers to sell their products in the US market.

If the bulk of the cost of "made in China" imports actually flows to the pockets of American households and companies, the appreciation of the renminbi will only have a limited impact on the competitiveness of US manufacturers.

The article quoted two people's concluding remarks that China's inflation rate was close to 5% in 2011.

If China

Exit

The price of domestic personal consumption expenditure will increase by only 0.1 of the 5% of the total 1.9% of the total consumer price index.

The US may not be able to force China to reassess its currency, but they can at least avoid the consequences of inflation caused by China's Overspeed growth.