"Made In China" Accounts For About 1/4 Of The US Consumption.

Through comprehensive data from various departments in the United States, we can see that

And footwear products, in 2010, 35.6% of American consumers purchased products from China, 24.9% from the United States, which is the only "made in China" to beat the "made in the United States" field, but also accounts for only 24.9% of the total annual consumption of American consumers.

In fact, despite the popularity of globalization,

The economy is still relatively closed.

According to the last consumer survey conducted by the Bureau of labor statistics, 70% of American consumption in 2010 was spent on goods and services made in the United States.

Unfortunately, just like the US Olympic uniform, because of the "obvious" of clothing and shoes, the wrong idea that "made in China" has long occupied the United States is deeply rooted in the hearts of the people.

Once this mistake is combined with the background of the US election campaign, it will eventually breed ridiculous words that burn up "made in China".

The illusion of "made in China"

In a report released by the Federal Reserve Bank at the end of last year, San Francisco pointed out that only 2.7% of the consumption expenditure in the United States went to the goods and services made in China in 2010, and 88.5% of the expenditure was still made in the United States.

The data will confuse ordinary Americans.

In relation to

In the national debate, there were Americans lamenting: now approaching any WAL-MART supermarket, the eyes are seen in "Made in China" (made in China), this 2.7% data must be false.

American economic columnist Morgan hausen pointed out that this is an illusion.

"WAL-MART has an annual income of $260 billion in the United States, which can not accurately reflect the actual size of the US $14 trillion and 500 billion economy."

He said, "and the little things that WAL-MART sells is far from the main expense area of the Americans."

Back in the US, 88.5% of the expenditure is still the data of goods and services made in the United States. The reason is that about 2/3 of American spending is in the field of consumer service, which is bound to be produced locally.

At the same time, the highest share of foreign goods in the US market is durable consumer goods, including automobiles and electronic products. Even so, 2/3 of durable goods consumption is still "made in the United States", while the other 1/3 are manufactured in foreign countries.

In particular, in terms of "made in China", Chinese goods account for 2.7% of the total consumption expenditure of the United States, while the overall foreign manufacturing sales share in the US is around 11.5%, which means that even in imported goods, "made in China" accounts for only about 1/4.

Among them, China's imports mainly include furniture, household appliances, clothing and shoes.

In fact, according to the Bureau of labor statistics, in 2010, Americans spent 34% of their wages on housing, 13% on food, 11% on insurance and pension, 7% on health care, and 2% on education, which has reached 70% of its total consumption.

Obviously, the above consumption can not be followed.

"Anything."

Fan the flames into votes

This time, around who should be responsible for the high unemployment rate, the "patriotic competition" launched by the Democratic Party and the Republican Party is one of the selling points to blame American manufacturers for not leaving their jobs to the United States.

One of the first cognitive mistakes is that manufacturing in China does not mean that China is fully profitable.

In the report of the Federal Reserve Bank of San Francisco, it has been shown that about 45 cents of US consumers spend about $1 on purchases of Chinese made goods are paid to China.

In other words, the us profits are much higher than that of China, and the remaining 55 cents are used to buy services produced in the United States, such as goods pportation, sales staff salaries and dividends to retailers.

Second, manufacturing in the United States is not declining.

It is true that in recent decades, employment in American manufacturing industry has dropped sharply, but its reason is very simple: technological progress and automation.

Hausen needs 3, for example, for example, in 1950 in Indiana, a Steel Corp in the United States produced 6 million tons of steel workers, but at present, it produces 7 million 500 thousand tons per year, but only 5000 workers.

In a sense, the Republican Party and the Democratic Party and the government use the free media to contest the farce of the election campaign, which can also make US policymakers seriously reflect on where the imbalance of Sino US trade structure lies, and urge the bilateral trade and investment negotiations (BIT) to proceed smoothly as soon as possible.

But it is sad that the original intention of inciting populist sentiment is not that it really benefits the people, but for the 2012 vote.