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China Shoes And Apparel Products Share Only 2.7% Of The Market Place In The United States.

2011/8/12 14:44:00 45

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Market Share Of Shoes And Garments Made In China

A recent study by Haier and Hopkin, a senior economist at the Federal Reserve Bank of San Francisco, said that the share of Chinese shoes and clothing made in the US consumer market is far less common.

According to the Wall Street journal, the report shows that household consumption in the United States

commodity

And 88.5% of the services 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 explains that if a pair of sports shoes made in China sells for us $70 in the US, the US $70 will not all 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 those involved in this process.

U.S.A

Wages, wages and benefits paid by workers and administrators.

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%.

Consumer spending on American made goods in the United States accounts for the total.

expenditure

88.5%, but it also contains "made in China".

For all of these, two people concluded that the total share of "made in China" in American household consumption was 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 Chinese exporters pfer domestic inflation to the prices of goods exported to the United States, the US's personal consumption expenditure

Price

The index growth will only be 1.9% of the 5%, which is equivalent to an increase of 0.1 percentage points.

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 overgrowth.