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June 21st, 2010
06:00 PM ET

What if China overtakes U.S. as world's leading manufacturer?

ALT TEXT

(PHOTO CREDIT: GETTY IMAGES)

FROM CNN's Jack Cafferty:

It's an ominous sign of the end of an era:

For 110 years, the United States has been the world's leading manufacturer... a title we will likely lose to China next year.

A report by an economic research firm shows that China's manufacturing sector nearly caught up to the U.S. output last year... and will probably surpass us in 2011.

According to IHS Global Insight, China may be able to quickly close the gap - particularly due to the recent announcement that it will let its currency, the yuan, rise in value versus the U.S. dollar.

But even without a stronger currency, China's manufacturing sector has been growing at a much faster rate than the U.S.

No surprise since we've been shutting down factories left and right for years... and shipping jobs overseas, where the labor is cheaper.

One expert suggests the U.S. shouldn't worry too much about losing this title to China.

He says it's obvious that China would pull ahead at some point since they have four times the population and a tenth of the wages of the United States.

Really?

Then why didn't they challenge us for 110 years?

Nonetheless - with almost 10 percent unemployment in the U.S. there's no question we could use those lost jobs back here.

The U.S. has been the world's top manufacturer for more than a century - in the late 1890s, the United States surpassed Britain, which had held the top slot for a few decades.

And before that?

It was all China, which held the title of world leader for goods production for more than 1,500 years.

Looks like they will soon reclaim the title.

Here’s my question to you: What does it mean if China overtakes the U.S. as the world’s leading manufacturer?

Interested to know which ones made it on air?

Bob in Arizona writes:
It means the beginning of the end for this country. To sustain our standard of leaving, I believe you must make things and create wealth for all who are willing to work for it. We will all be answering to China in the not-so-far-off future.

Mike in Oklahoma City writes:
It means that we have allowed large corporations to sell out our country while we sat back and bought cheap goods made by slaves in the third world.

Ralph writes:
China holds all the cards. First they do not have to hire based on diversity; they pick the most qualified, like Japan. Next, no E.P.A. or unions. No immigration problems, their schools and health care take care of only their own citizens.

David in Las Vegas writes:
Just add manufacturing to the long list of first place titles we've lost in the last 20 years. Although we are first in many areas: obesity, high school dropouts, percentage of our population in jail, drug use, medical costs, illegal people in the country, etc. This list is growing as I type.

Daniel writes:
It means that China, like the U.S. a century ago, is getting closer to becoming the world's economic superpower. And why not? America is divided on almost every single important issue, politicians are beholden to every lobby and the country is ultimately unable to modernize and move forward. Yes China is rising, but it's America's own fault for falling behind.

Anne Marie in Pennsylvania writes:
Great for China, so sad for the U.S. I grew up in a small town in Pennsylvania that boasted factories of all sorts – dresses, shirts, shoes, hats, furniture. All gone, not one left. Welfare was rare. There was pride in earning a paycheck and satisfaction in a job well done. Our government, unions, lawyers and greed have destroyed what once made America great.


Filed under: China
soundoff (217 Responses)
  1. Conor in Chicago

    It means that globalization has worked.

    June 21, 2010 at 2:00 pm |
  2. Ed from Port Aransas, TX

    You mean they haven't already?

    June 21, 2010 at 2:00 pm |
  3. Heather from Indiana

    So...It's not all about money and power. It's about sustaining our future of the USA , and with our own money and our own manufacturing. Who cares about China?

    June 21, 2010 at 2:04 pm |
  4. Wilhelm von Nord Bach

    it means that 10% or higher unemployment in America will be "the new normal", Jack.

    we will become "a nation of shop keepers" like England in the 1970's.

    June 21, 2010 at 2:05 pm |
  5. CRAIG R. MCNEES

    tampa, fl maybe everyone in the world will try to break into china for a job instead of the usa? here in tampa our politicians have solved the job crisis by allow anyone to beg any where. In the streets, parking lots, curbs, if you can put your hand out, it's ok even if you don't have a license or your charity isn't registered. local business are selling stuff in the streets too and threaten to sue the city if they enforce our laws.

    June 21, 2010 at 2:08 pm |
  6. Tom in Abilene,Tx.

    What do you mean "if"? Of course China is overtaking us because our Congress has passed the laws making it more profitable for U.S. businesses to send the jobs overseas.This is Economics 101 .You and I and all of your other readers are well aware of this stupidity , but don't we also find it scary that our elected lawmakers are NOT smart enough to see how they are wrecking middle class America?

    June 21, 2010 at 2:08 pm |
  7. david

    it would mean that the u.s. lives in a further category of second rate given the saturated low quality theiving of our technology that is squandered when the wrong people are given it as a favor to the 2 party sellouts trying further to repress the u.s. citizens becuz they got blind trust investments lining thier pockets while we suffer the consequences of 3rd world subsidized concepts of ecnomics

    June 21, 2010 at 2:10 pm |
  8. Kim

    It means that short-sighted companies and politicians have screwed us.

    The companies for WANTING to outsource everything, and the politicians for letting them get away with it.

    June 21, 2010 at 2:13 pm |
  9. Eric Platt

    That free trade and outsourcing have won again.

    It is time to put a tariff at the border to equalize wage rates. Until then, the manufacturing base will flee to China, since the products can be sold in the US under the guise of "free trade"

    June 21, 2010 at 2:16 pm |
  10. david

    it means that the clintons and bushes who sold this country out with n.a.f.t.a and china most favored nation status to a communist country will make a hand ful of u.s. citizens who forced the issue very rich while they rule over us with a repressive backstab that will drive this country 20 calender years into an irreversible demise while they collect every corporate year off the subsidies we are forced to pay for the ports that indebt local communities to the degree of shutting our libraries down to save money becuz the money was used to pay the bond payments for all the infrastrucgture that doesnt charge the prper port rates therefore the prperty tax gets raided becuz our governors , senators, and port officials enjoy the travel junkets that increase when we end up paying for what china shipping was supposed to pay.. and lets not forget the international council of cruiselines -miami member laundering billions of u.s. vacation dollars while we pay the busines cost of the cruiselines terminals...

    June 21, 2010 at 2:17 pm |
  11. Raul

    Gee Jack...where have you been? Haven't you heard that the 21st Century belongs to China? What does it mean to have them be the manufacturing capital of the world? It's happening already – the death of unions and manufacturing in America. It means absolutely nothing. America and other nations will adapt and specialize. The Chinese can't do or make everything. We have to adapt and be more creative to ensure our standard of living. Otherwise we will decline and fade like other empires in history.

    June 21, 2010 at 2:19 pm |
  12. R.J. Johnson - Los Angeles, CA

    Jack, look around you and see all the things made in China.

    June 21, 2010 at 2:20 pm |
  13. Al Bledsoe

    I think the USA has already lost manufacturing to any other country. This is due to costs that USA companies, especially public, want to defer to lower wage earners like Foxconn workers in China.

    The question should be, Jack and filtering producers, "what if China overtakes the USA as the World's leading Innovator?"

    A National Security concern is the 10-20x rate in which China graduates PhD's. In the USA, PhD's are a dying breed, held over in many companies including defense contractors past retirement in many cases, because, Jack, there are no replacements.

    China may eventually have to move their manufacturing to the USA, as USA joblessness grows, the yuan keeps rising, and China innovates into a culture of greedy rich capitalists.

    June 21, 2010 at 2:22 pm |
  14. Loren, Chicago

    It means that the US government has failed in one of the fundamental aspects of our democracy–providing for the life of its citizens. Manufacturing is one of the necessary sectors of any economy, ask any leader of a third world country why his country remains impoverished–what little wealth generation there is goes to pay for finished goods. The US is on the verge of being held hostage to the whims of China due to the unfettered greed of Walmart, which has forced manufacturers across the country to relocate their factories to China, and with that went jobs and the ability to pay for goods, all so the Walton family could get richer. When is our government going to wake up and understand that greed is not good, that we need to keep some manufacturing base in the United States to compete?

    June 21, 2010 at 2:23 pm |
  15. Jack in Virginia

    It means more schlocky, possibly dangerous, products will flood the American market unless someone puts a stop to it. Maybe President Obama will show some leadership on this.

    No, wait – did I say President Obama? Never mind.

    June 21, 2010 at 2:27 pm |
  16. marcia

    Seems like they already are..otherwise what would Wal-Mart sell. This country sold the manufacturing jobs to the rest of the world so corp. America could get filthy rich . You can go out and hunt for "made in America" but usually a closer look and you see that the fabric was made,dyed whatever in Mexico, or somewhere else. There should be tariffs and taxes on anything coming to America to keep that lead soiled garbage that we already get from China.

    June 21, 2010 at 2:32 pm |
  17. Eugene Myers Flat, CA

    The treasonous acts of our pandering and feckless politicians that have outsourced millions of good American jobs to China is the reason why China will soon overtake us and become the world's leading manufacturer. Corporate and political greed is the driving force behing this insanity.

    June 21, 2010 at 2:32 pm |
  18. Kevin in Dallas

    It means what we've known all along. It costs less to produce things in China than it does in the US. If we want jobs, we've either got to work for less, or be productive enough to justify the extra pay.

    June 21, 2010 at 2:34 pm |
  19. Paul Austin, Texas

    If? China is fast on the way with all the help we can give them. Go figure. We have for a long long time been our own best enemy.

    June 21, 2010 at 2:38 pm |
  20. Ed

    Everyone looks at this like it is they win we lose scenario. What if it allows Americans to work on bigger and better things? If we don't have our manufacturing section of the economy working on hammers, toasters, and lawn mowers wouldn't that free-up our manufacturing sector to work on windmills, solar power, and energy efficiency? We need to progress into the future of manufacturing not go backwards to get us out of this economic slump.

    June 21, 2010 at 2:38 pm |
  21. naqibham

    Then we will by more Chinese items... if that's possible?

    We could stop China... just introduce unions... that will destroy their chances

    June 21, 2010 at 2:45 pm |
  22. Dave, Brooklyn, NY

    What do you mean “if,” don’t you mean “when?” This is a forgone conclusion. We have a president who seems to be trying to out-Bush Bush in Bushyness, by trashing what’s left of our shredded economy. Instead of taking a hint from Arizona and beefing up our border security, he’s actually suing the state for trying to do what he has failed to do by enforcing federal law. He’s failed to be faithful to his oath of office by doing nothing to effectively protect our borders. (I’m sure there’s something in his duties that requires him to protect this country from foreign invasion,) He’s still draining our economy with two irrelevant wars that we were supposed to be out of by now, we still have no improvement in healthcare, we have not even tried to incentivize businesses to bring our jobs back to this country. Do I really need to go on…

    The only thing left is to hang a sign on the Statue of Liberty saying, “Welcome to the United Chinese Annex.” Incidentally, the sign will have a little note at the bottom that says, “Made in China.”

    June 21, 2010 at 2:45 pm |
  23. Richard Oak Harbor, Wa

    When President Nixon went to China in 1973 they wanted to nuke us but he gave them their first manufacturing plants and opened the US consumer market to Corporations like Wal-Mart. Now China is a little less Communistic, they invest in the US and likely won't be nuking us because we are their best customer.

    The US, however, had better find something else to sell the rest of the world because American business would rather outsource manuacturing labor to where the wages are too low for disillusioned American Dreamers.

    Nixon gave the farm to China years ago.

    June 21, 2010 at 2:46 pm |
  24. Bob D Iowa

    Jack, What If? The US has been under siege for more than 20 years. With the WTO and US companies moving to China we, the consumers, have demanded low prices and high wages. Think about it.

    June 21, 2010 at 2:47 pm |
  25. Michele Braun

    WHAT They haven't done that already ?
    I think the job situation makes it's own statement on this question.
    Michele KS

    June 21, 2010 at 2:51 pm |
  26. Robert Guerrero III

    It is not a matter of "When", as you pose this question. China is a restless dragon and they will eventually surpass the U.S. as the world's leading manufacturer, but I am not afraid of this. What makes me scared? If China becomes the world's leading innovator, we have a problem.

    June 21, 2010 at 2:51 pm |
  27. Melissa

    Then the US is reaping what it has sewn.

    June 21, 2010 at 2:52 pm |
  28. Weldon from Canada

    Haven't they done this already!!!!!

    June 21, 2010 at 2:59 pm |
  29. Michael Bindner, Alexandria, VA

    What, they haven't already? I suspect that some industries, having to do with food production and defense will keep the U.S. in or near the top spot for many years to come – although it would be odd if we forever outpaced a nation four times our size.

    June 21, 2010 at 3:02 pm |
  30. B.J., Quincy, Il

    With all the jobs being shipped to china and Mexico, I thought they were already.

    June 21, 2010 at 3:02 pm |
  31. Richard Fairview, Texas

    What it means Jack is that unlike America, China's government knows how to create jobs that produce products for export. They keep their people working and by doing so their government can buy up treasury securities from countries like America that can not pay their bills. 65.8 percent of our U.S. Treasury securities are now owned by foreign countries. We are rapidly becoming obsolete in the world market and a very bad risk to invest in.

    June 21, 2010 at 3:03 pm |
  32. Judie Wm's -- El Lago TX

    I thought they had already!

    If it becomes "offical" we can look forward to a continuation of inferior and unsafe products, and U.S. companies giving less than a rat's behind about quality. It is always the big "G"..(greed).

    It is time to hold a nationwide wake for the tremendous losses of this country......many of which were in fact give aways by manufacturers. We were sold out to the lowest bidder and continue to be.

    June 21, 2010 at 3:03 pm |
  33. Michael M, Phoenix AZ

    I thought they already had, considering all the off-shore manufacturing jobs we just gave away.

    June 21, 2010 at 3:04 pm |
  34. Tyrone, Schenectady, NY

    We have no one to blame but us for allowing our government to let businesses sell out "Made in the USA" for a better profit. I can't remember the last clothing item I purchased that has america anywhere on it. I understand wanting to be favorable in the world but did we have to sell our soul for it?????? We are owned by a Communist country now. I say owned becasue China funds our debt. Thank you Mr. Presidents!

    June 21, 2010 at 3:05 pm |
  35. David Scott Doherty

    What do you mean, what if? They haven't already? That's hard to believe Jack, I find it hard to find anything that doesn't say made in China. And even harder to find things with the made in the USA label on them. I just wonder when Chinese will be a manditory subject in US schools!
    Dave from NH.

    June 21, 2010 at 3:06 pm |
  36. Simon/Orlando

    It simply means it's a global economy and companies will move their manufacturing wherever they can produce it for the most economical price. Between the unions, government regulations, and taxes the U.S. has lost that edge.

    June 21, 2010 at 3:08 pm |
  37. jerseylou

    WHAT.....where have you been Jack for the last couple of Decades.Every time i look on the back of an item it says made in China ! I wonder who sold the country out; maybe look to the right ?

    June 21, 2010 at 3:11 pm |
  38. Carl

    Jack,
    Hasn't China already done this a long time ago?

    June 21, 2010 at 3:15 pm |
  39. Craig in Illinois

    Jack, where on earth have you been? THEY ALREADY HAVE!
    China is still a communist country and we spent billions and thousands have died fighting communism. What on earth is wrong with this country?
    Are cheap Chinese imports worth being anti-american and pro-communist?

    June 21, 2010 at 3:15 pm |
  40. Royace Buehrlen

    China is experiencing an industrial revolution right now, their workers are also experiencing the available competition of work places so the wages will go up. The U.S. had their industrial revolution and now it is time for wages to go down to where the wages will have to equalize at some time throughout the world. Sadly, it will be a long while before U.S. workers will see an increase in wages if we keep importing.
    New Haven, Missouri

    June 21, 2010 at 3:17 pm |
  41. Ed from California

    What do you mean what if? Communist China already ships us most of the products that we in the middle class consume. An easier way of doing this is; go to any store and buy five, no make that one thing that was made in America? Most of what we used to consume less than fifteen years ago was, "Made in America"! Now most if not all we consume is made elsewhere. And that's jobs, and taxes that make America run! It's too bad our politicians don't see that.

    It's funny to see everyone make a big deal out of Tony Hayward and is yacht. And the chairman of BP calling us "small" people. Well, all the chairman's who sent our jobs to communist China and elsewhere and who we continue to buy the, cell phones, computers, TV's, camping equip, clothing, pots and pans, dishes etc..... call us small people. Except they do it in the safety and comfort of their homes in the Hampton's or elsewhere. Or when they're hauling our money to the bank. Write to your Washington lawmaker everyday. And think before you vote!

    June 21, 2010 at 3:20 pm |
  42. Mike S., New Orleans

    What's the big deal if China takes over as the world's leading manufacturer? Thanks to George Bush Jr., they are already our PayDay Loan lender for the next five decades.

    June 21, 2010 at 3:24 pm |
  43. Jayne

    It means if we want our jobs back we'd better buy plane tickets and learn to eat with chopsticks. It's sad what has happened to this country. There's a whole generation that doesn't remember when shoes were made in this country.

    June 21, 2010 at 3:28 pm |
  44. Kevin of SD CA

    What if? I thought they already have taken over as the world's leading manufacturer! If they haven't already then what are all of our Manufacturing jobs doing in China? The real question is; when are the labor unions in the United States going to start truly competing with the rest of the world rather than just continuing to live off of what their lobbyists keep squeezing out to the rest of us?

    June 21, 2010 at 3:28 pm |
  45. Kenneth in the High Desert town of Pinon Hills, California

    They overtook us a long time ago when Americas manufacturers sent millions of our jobs there for cheaper labor, along with the tools, and engineering. We are a nation of idle hands, hands that by the millions, made everything from shoelaces to airliners, providing thousands of products sold around the world. We have wallowed in trade deficits for years and still do by the billions. We have not much to sell to other nations, not enough to sustain three hundred million American citizens.
    Here we are in a recession with no jobs to go to, and we laid that golden egg in China.

    June 21, 2010 at 3:32 pm |
  46. tom trapani, Quito, Ecuador

    Jack, it does not necessarily mean bigger is better. Given the population base and the form of government able, without interference, to expand as it sees fit, it is entirely possible, they can grow to be a power house. The world is letting them get a leg up by allowing them to undervalue their currency to the detriment of world competitors. Why we and others allow this escapes me. Perhaps, the Wall Street mantra. Trees do grow to the sky, Virginia there is a Santa Claus.

    June 21, 2010 at 3:32 pm |
  47. Kyle Irvine, CA

    'If" they overtake the U.S in manufacturing Jack? They already have! I work in the packaging industry and we're losing business everyday to China. At the rate outsourcing is going, all of our manufacturing jobs will be overseas in the next 5 years.

    Basic manufacturing is the backbone to a country's economy. And we wonder why our economy sucks!!

    June 21, 2010 at 3:35 pm |
  48. sam

    Nothing, so long as we remain the leader in technology. If we do not then we better stay friends with Israel The 2nd leader in tech.Simple they can make my socks ,cars etc so long as we
    make the machines that make those things. It is not oil or the economy " stupid" it is EDUCATION!!!

    June 21, 2010 at 3:38 pm |
  49. Lucy, from Austin,Texas

    It means that the U.S. is losing it's standing as a world power. To bring money in, we have to have something other countries want to buy. Those that have the "gold" gets to make the rules. A consumer is only a "patsy" for someone selling goods and competition of other manufacturers is the only factor that decreases the price of goods. The more middle men you cut out of the process of delivering goods to the consumer, the more money you make on the "goods" you are selling. If America has less "goods" to sell to its citizens and other nations, then U.S. citizens' money goes out to foreign countries much faster than it comes back to they U.S.. That means our national debt continues to skyrocket and our U. S. dollar continues to drop in the international market. That means that America will become bankrupt having to to pay more and more for foreign oil, food, and other necessities. Welcome to poverty when the consumers has to pay more for necessities then he can ever earn.

    June 21, 2010 at 3:42 pm |
  50. Jim in Alabama

    It wouldn't surprise me Jack. First of all, Americans expect too much in the way of benefits to produce products for the international market. The Chinese work ethic and simple standard of living makes them hard to compete against. Until Americans realize that they cannot compete with third world countries labor forces without giant concessions in several areas, we will continue to slide down the ladder of competition. We need a rebirth of the American spirit of competetiveness and sacrifice. Will it happen? Probably not.

    June 21, 2010 at 3:43 pm |
  51. John Chi

    I think it will be no big deal. China manufactures primarily low end products like small appliances, clothing and shoes, whereas the U.S. produces high end products such as air crafts, nuclear power plants, advanced microchips, pharmaceuticals, medical equipment, etc. As long as the U.S. leads in the production of advanced, innovative high end products, we will be ahead. The labor intensive low end products will sooner or later move away from China to such countries as Vietnam, Cambodia, Bangladesh and ultimately to Africa, where the cost of labor should be the cheapest in the world.

    June 21, 2010 at 3:43 pm |
  52. gg

    thanks to past goverments they all ready have

    June 21, 2010 at 3:45 pm |
  53. Tom, Avon, Me, The Heart of Democracy

    Then Bush/Cheney will realize their dream of exporting our jobs and destroying the middle-class.

    June 21, 2010 at 3:45 pm |
  54. Gail, Plano TX

    Jack: Your question makes me think I am living on another planet, inasmuch as I thought China was already the world's largest manufacturer. Everything we buy nowadays is made in China or some other foreign country. And we are constantly borrowing money from China to boot!

    June 21, 2010 at 4:02 pm |
  55. Jim

    Jack,

    We can only blame ourselves, stuped electorate, letting the greedy politicians bamboozle us.

    We get exactly what we deserve, I know the younger generation will not be able to cope.

    Remember november, be stupid and loose.

    Jim

    June 21, 2010 at 4:06 pm |
  56. Richard Fairview, Texas

    Jack it is only a mater of time until our Dollar becomes worthless. Our government is spending us into a foreign debt that we can never repay. As more people become unemployed they will become dependant on the government for support. The government will demand more taxes to pay for those with no means until they drive the wealthy and their businesses completely out of the country and into places like China and India. This illusion of job creation by Washington is a scam and if something does not change in our government very soon the great depression will look like a cake walk

    June 21, 2010 at 4:06 pm |
  57. Kathie

    bye bye, USA who was so foolish that she allowed the outsourcing of our jobs for corporate greed and the almighty dollar.

    June 21, 2010 at 4:08 pm |
  58. Phil in Port St Lucie, Florida

    Jack, it means that Bill Clinton and his Republican Congress have achieved what they set out to do..... give corporate America everything they want!

    June 21, 2010 at 4:08 pm |
  59. Japhet

    it can happened cause china is having cheap labor and most of us compnies are licencing our their business to china and this can give china the power to out power us on manfucturing due to the high labor cost, as china is supplying the whole world, for example, Nike , JVC, Sony, and any other brand which is of us origin is manufucture is china.

    June 21, 2010 at 4:08 pm |
  60. Jane J

    What if??? Thank the Clinton ADM for that and much else that has hurt Americans.
    Jane J
    Wi

    June 21, 2010 at 4:13 pm |
  61. honest john in vermont

    It means we cut back on manufacturing and laid-off our workers who now can't find a job and can't survive on unemployment. Jack, clearly we are a nation in decline–just take a look it is all around us. Next year it will be much worse. Wall St and Bank will continue to game the market...but that is not sustainable for the future.

    June 21, 2010 at 4:14 pm |
  62. Brian

    Does this country have a working class? You don't see that term much anymore. We have millions of people who get rich by doing – nothing. These brokers, analysts, bankers, lawyers, etc, etc make their living by working angles and loop holes and by pulling strings. The word "derivative" comes to mind. It might help our production if these people would get real jobs and do real work.

    June 21, 2010 at 4:15 pm |
  63. Rob in Brooklyn

    I work in the apparel trade and what your saying makes no sense to me..Companies are leaving China in droves. Factories that made apparel are now making toys for their own consumption. China is now making a lot for their own people . God knows who will buy it because they don't want things made in China.

    June 21, 2010 at 4:16 pm |
  64. Cy Gardner

    WOW! Surprise, surprise! The US has been paying companies to move jobs to China for years. We have NO industrial policy. The idealogues in the GOP act as if they WANT people to be so desperate they will work for food. We are a creative, innovative people. And we are creating the world's first french fry based economy. cy from arlington,va

    June 21, 2010 at 4:16 pm |
  65. Ray E. (Georgia)

    I agree there is not much to worry about. You have to have a market. I think the big market for China is here in the U.S. With unemployment about 10 percent the market is slow. Jobs left so the U.S Manufactures could compete. When the climate is ripe those jobs will come back. It is Economics 101. If the system will only pay 20 dollars an hour you aren't going to get 30 for long. It all balances out in time.

    June 21, 2010 at 4:17 pm |
  66. Pete from Georgia

    The U.S. will always have manufacturing, it will just be more complex, precise, innovative and unique than in the past. Our days of common smokestacks are over. We have evolved and will continue to do so as new technologies demand such change.
    Our free enterprise system will bring out the best of the best.

    June 21, 2010 at 4:17 pm |
  67. Gigi Oregon

    It says to me that the greedy Corporate American will be bowing down to China and paying higher wages in China. Then call in the American debt and change our dollar to the yuan. The Chinese will become the new world power and maybe they will ship their goods to be made by us at lower wages. And we in the United states will again have jobs. And wonder to ourselves what happened?....

    Things the United States need to do.

    1. I think the schools had better start putting world and government history back into the school curriculum.
    2. See if our Government representatives can pass a fifth grade test. If they can't throw them out.

    June 21, 2010 at 4:19 pm |
  68. frank

    US management sold us out. All those damned MBAs. Traitors. And don't forget the US Trade Representative.

    June 21, 2010 at 4:20 pm |
  69. Greg in PA

    Well Jack, let make this simple for you, if they manufacturer more than we do in the U.S. then they become the world's leading manufacturer instead of us. OK, do you understand now Jack what that means?

    June 21, 2010 at 4:24 pm |
  70. Fustercluck

    It means we better learn how to speak Chinese!

    June 21, 2010 at 4:25 pm |
  71. Solitude

    "The bigger you are, the further you have to fall, but fall you will!'

    China is a big country, with a hugh population to keep and still has no real direction. Buying Oil of Iran wont help them; only Iran. And they are too close to all the other markets are falling apart slowly. 'There is trouble brewing in them there hills."

    June 21, 2010 at 4:26 pm |
  72. Bill from Clinton, Maryland

    What? They haven't done it yet with a population 10 times ours.

    June 21, 2010 at 4:29 pm |
  73. Larry from Georgetown, Tx

    We'd better get ready for the next Great Depression and this one will be many times worse than the last one. These so called experts don't have to worry as they are filthy rich. By the way an expert is defined as an ex is a has been and a spurt is a drip under pressure and we listen to these bozos.

    June 21, 2010 at 4:30 pm |
  74. Harry Trulli

    China is riding a boom created by the US Government's failure to protect its own people and its economy from greed and corruption. Tariff laws have long been flouted, while the anti-trust law has been used consistently to gut any US company successful enough to pose a threat to off-shore interests.

    Another apparent handicap is that our borders seem to be porous and ineffective, with our Government more concerned with the welfare of those who break our laws than with those who pay our taxes.

    As long as National interests are subordinate to personal interests, this country will not be able to compete. When our Government was less intrusive and before we had the wonderful Internal Revenue Service, philanthropy by the likes of Ford, Edison, Carnegie, Eastman and Stanford, etc. accomplished much more than our strong central government seems to be able to provide.

    We will no longer be the leading manufacturer, as long as comfort and entertainment are our primary national objective, much as they were for the Romans prior to their downfall.

    June 21, 2010 at 4:31 pm |
  75. Mark, Oklahoma City

    It means that our unemployment rate here in the U.S. would go way down if we would simply be willing to commute back and forth to China, which makes about as much sense as anything else this president has brought about in this wonderful era of "Change and Hope". Where's my airsick bag?

    June 21, 2010 at 4:33 pm |
  76. Kevin in CA

    Ahhh ... the multinational corporations are going to be even more profitable?

    June 21, 2010 at 4:33 pm |
  77. Adam Simi Valley, CA

    It means our government has 2 options stop crippling our businesses with over-zealous regulation and punitive taxes or handback the trophy. Obviously the Obama regime doesn't care if Americans work because he is back to pushing for carbon taxes, cap-and-trade, "Energy Reform", or whatever they are calling it these days. He must feel that we should be paying 100 times more to manufacter things here. Maybe that's what most American's want, but no one with the power to do so, is doing anything to bring those jobs back. In fact, we will be lucky to hangon to the jobs we do have.

    June 21, 2010 at 4:35 pm |
  78. JENNA

    What does it mean if China overtakes the U.S. as the world’s leading manufacturer?

    "IF" Jack?

    It has already happened.

    Go into any store and fill your cart with "Made In America" products.. Other than food, you'd be lucky to find one or two products to put in you cart.

    If we want to end unemployment, we need to bring manufacturing back to America!

    Jenna
    Roseville CA

    June 21, 2010 at 4:35 pm |
  79. David Gerstenfeld

    Just add manufacturing to the long list of first place titles we've lost in the last 20 years. Although,we are first in many areas i.e. obestity, high school dropouts, percentage of our population in jail, drug use, medical costs, illegal people in the country etc. This list is growing as I type.
    David, Las Vegas

    June 21, 2010 at 4:37 pm |
  80. Jerry Jacksonville, Fl.

    We won't have to wait long before they do, especially if we keep shipping jobs over there. The United States grew into a world power on the back of it's manufacturing and now China is doing the same thing with our help. At my age I'm just glad I probably won't be around when it happens, I just feel bad for my children and grandchildren. Our worthless government has sold the country down the river.

    June 21, 2010 at 4:38 pm |
  81. Chandler

    Jack,

    We are at war with China. Losing the top manufacturing position is one more indication that we are losing that war, and losing badly. There is only one kind of power that means anything in this world, and that is economic power. China sole goal is to make China rich and powerful. China has succeeded at our expense.

    At least the Japanese made their intentions clear at Pearl Harbor. When will we wake up to the economic mayhem China inflicts on the US every day?

    June 21, 2010 at 4:38 pm |
  82. Janne from NC

    It really depends on just what they are manufacturing. If they are outmanufactoring us in high tech gizmos and gadgets it is pretty bad. But I suspect they are outmanufactoring us in dollar store junk and that means little to nothing.

    June 21, 2010 at 4:41 pm |
  83. Mahesh P

    If china gets ahead, so be it. There is no reason to fight for being on the top. all we need to care about is keeping as many people above poverty and giving the country a good quality of living. struggling to be the first is like a student studying just to passing the exam. that is not true education.

    June 21, 2010 at 4:42 pm |
  84. Steve, Clifton, VA

    It wouldn't mean much provided that the manufacturing of products to meet the next generation of energy efficiency and green products are dominated by the United States. If we become dependent on them for our energy needs as we are for cheap toys and incidental manufacturing, then the demise of this country will spiral downwardly so fast that we will never be able to catch up and become a third world power over night..

    June 21, 2010 at 4:44 pm |
  85. Steve

    It is inevitable..Simple stuff, they work cheaper,,,Any questions??Maybe there should be a town hall meeting about this. Maybe it could be held at a Wal-Mart....

    June 21, 2010 at 4:45 pm |
  86. james in norrth carolina

    I thought they already had. Hopefully we can export some unions to China. And some US regulations. And some taxes. Then we would all have to find a new source.

    June 21, 2010 at 4:46 pm |
  87. Jeff in E. Lyme, CT

    Something else we can thank the "Liar's" party er........I mean the "Free Money for Rich People and to Hell with All the Rest" party.......no, that's still not right.....hmmmm. Oh yes! The Republicans!

    OUTSOURCE THIS!

    June 21, 2010 at 4:47 pm |
  88. Alex in Gig Harbor, WA

    It is so sad that we now move money around instead of making things. It will get really scary for our national security when critical components of our weapon systems are made by foreigners. American corporations should not be allowed to move jobs out of the US.

    June 21, 2010 at 4:52 pm |
  89. Randy

    It means that the middle-class will be attacked mercilously by the rich and corporations. They will also lose their homes, jobs, retirements, security, healthcare, and their government. Wait a minute, that's already happened.

    June 21, 2010 at 5:04 pm |
  90. Don (Belleville, Canada)

    The education systems of North America have become incredibly expensive but can no longer produce enough inventive, quality students. China and India at this point in time actually educate their students, rather than just try to make each individual student feel that he/she is special. The western world needs more Ralph Nader type students and less Lindsay Lohan also-rans.

    June 21, 2010 at 5:07 pm |
  91. Jeff in Minnesota

    It means just what you think it means Jack. It means that we're too cheap to be willing to provide a living wage for people that do those menial and repetative jobs in factories. All the big retailers such as Wal*Mart, Target, KMart and the like outsource their in-house branded goods to China, Viet Nam, India and anywhere else labor is cheap so that we can pay $10.99 for a shirt, a pair of pants, a lamp or a table. Our retailers are just responding to what we ask for. And if you think Made In The USA makes a difference, think again. There are hundreds of ways around that so that overseas manufactured goods can still get a Made In The USA label. What a joke.

    June 21, 2010 at 5:10 pm |
  92. Kirk Neuman (Apple Valley, MN)

    Haven't the corporations that Republicans continue to want to give tax breaks to already ship most jobs overseas? The "Made in the US" tag is even more rare today then it was 10 years ago (when George W. Bush gave the corporations tax cuts).

    June 21, 2010 at 5:11 pm |
  93. Gregory Tripp, Mechanicsburg, PA

    China may be run by a totalitarian communist regime, but it does do some things right. Their citizens have the right to vote, even if it's for one candidate. I've had that choice many times in my local voting booth. They may not to be allowed to protest publicly, but we can't either without a permit unless we want to end up in the pokey. Their government holds its manufacturers severely accountable for gross misconduct, ours does not. Their government does not require its businesses to provide health insurance for its employees and it provides subsidies to business to encourage production. Our government taxes business into shutting down domestic production and encourages business to move overseas–doesn't anyone understand that the money business gets to pay their taxes comes directly from us consumers, thereby making a tax on business actually a hidden tax on American citizens?! We drive business away. China encourages entrepreneurialism. We need to humble ourselves and look around the world to find things that work to encourage business. We need to get over ourselves, swallow our pride, and get rid of emotional arguments to put these pro-business policies into action. If we don't, our economy will continue to slide, unemployment will continue to grow, and businesses will continue to shut their doors.

    June 21, 2010 at 5:14 pm |
  94. Dee in Woodstock GA

    Thanks for asking this question. I was under the impression that China had already taken over the lead in manufacturing.

    I based that belief on the fact that nearly EVERYTHIGN I see in our stores says "Made In China".

    But maybe they are already #1 in SELLING what they make. Since it is the selling that brings in the cash, maybe they are already ahead of us!

    Besides, some of OUR products are really made somewhere else. Seen many factories lately? Talked to any of the thousands whose manufacturing jobs have gone to the Pacific Rim?

    Really, I didn't think we made anything here anymore.

    June 21, 2010 at 5:15 pm |
  95. Greg H - Minneapolis

    Jack, it only underscores the fact that Americans want inexpensive products, and do not realize WHY they are inexpensive to begin with. China has lower labor costs due to no unions, and "employing" children to do repetitive work. Even then, some Chinese manufacturers are finding it hard to compete with workers in other countries whose production costs are still lower than in China! And it all serves the public demand for inexpensive products. We could manufacture the products in the U.S. instead of China, but at what cost on the price tag? If given a choice, most consumers go for whatever costs them LESS, especially in this economy!!

    June 21, 2010 at 5:19 pm |
  96. LS in Rochelle, IL

    The dwindling American manufacturing base means that we will be dependent on the Chinese for products ( all junk) that were once domestically produced. The resulting economic downturn due to American job losses will make the Great Depression look like a Sunday walk in the park.
    We're screwed!

    June 21, 2010 at 5:20 pm |
  97. R

    Not a surprise to me.So, does this mean they can send some of our jobs back?? (can't blame an unemployed American for trying)

    June 21, 2010 at 5:20 pm |
  98. David in Raleigh, NC

    The Chinese Government needs to thank Bill Clinton for selling out the unemployed American Manufacturing Worker when he got China admitted to the WTO (World Trade Organization) and opened United States Markets to China.

    June 21, 2010 at 5:23 pm |
  99. Tonie from OK

    What do you mean if, I thought they already had.

    June 21, 2010 at 5:25 pm |
  100. Linda in Arizona

    I thought they had done so already. Oh, yeah, "What will it mean?" It will mean the US has lost face.

    June 21, 2010 at 5:26 pm |
  101. Sen. Right

    The Us needs a policy of agressive alternative engery to combat massive manfuc by china. Just image how the vast plains of the midwest could be transformed over night into a huge wind farm powering not only all of america but we begin to sell are power and tech to canda and mexico. Oh what a day that will be!

    June 21, 2010 at 5:27 pm |
  102. Wm in TX

    Jack,

    What manufacturing capacity? It has gone overseas. Called a US corporation for a phone contact – in English recently? But remember "your call is very important to us. .... "!

    But, fear not no nation has the weapons manufacturing prowess of the United States. Even if we cut our military spending in half we could wipe out any coalition of all the rest of the world in minutes flat,

    Now taking over mineral and water resources for corporate and military supplier profits is part of the design to keep the pubic in a constant state of fear and the nation in perpetual war.

    China has the money. We borrow billions from them to give to our Wall Street billionaires etc. That will worry our corporate persons and their millionaire owners in the long run. Where the money is; there the power is too.

    June 21, 2010 at 5:32 pm |
  103. Jan - Lancaster, PA

    What if? We are there. We don't have to look to far to figure it out ... No jobs in the US.

    June 21, 2010 at 5:33 pm |
  104. Mark from Boston

    Jack,

    This is like asking, "What if the Los Angeles Lakers with the 2010 NBA Championship." Anyone who has been to China, especially Suzhou, Shanghai or Beijing in the past five years will tell you this is old news; it's just a matter of time before the lagging indicators reveal the obvious.

    ...next

    June 21, 2010 at 5:34 pm |
  105. madder kayne

    I already thought they were, I haven't seen a made in the usa tag on anything other than instruments since Sam Walton died

    June 21, 2010 at 5:40 pm |
  106. bkwoo

    In the I-Ching, the ancient Chinese book of divination, there is a hexagram called "Revolution". In a revolution, it says "Two mistakes must be avoided. You must not move with excessive haste nor use excessive ruthlessness against the people. What is done must be corresponds to higher truth. A revolution not founded on inner truth will come to a grief. For in the end, the people will support only what they feel in their heart to be just".
    This is the meaning of the mandate of heaven.

    June 21, 2010 at 5:41 pm |
  107. Dennis north Carolina

    just one more title we lost.

    June 21, 2010 at 5:42 pm |
  108. Bob in Florida

    Hasn't China ALREADY overtaken the US as the leading manufaturer???? One cannot buy vitamins that are NOT Chinese made, same with clothing (albeit other oriental countries also make clothing), steel is MOSTLY made in China, lightbulbs and thousands and thousands of other products are made in China. Soon cars will be wholly made in China and most of the food we eat will be grown or manufactured in China.

    The good ole US of A is 90% service oriented, Jack, what does that tell ya????? I am surprised China does NOT print our money. Wouldn't that be cute, US dollars printed in China!

    June 21, 2010 at 5:43 pm |
  109. Geri

    Life, like history, is a series of phases and cycles, so it's not surprising that we come around full circle to China again. The funny thing is, the designers of globalization, thought of it as American empire building, never recognizing back in the 60's when they concocted this idea, that there are people in this world living in far off places as smart or smarter than they , and who were/are only too willing to beat us at our own game. Nothing has ever surprised me about China and its people.

    Geri, Mead, Ok

    June 21, 2010 at 5:43 pm |
  110. James Atlanta

    Give me a break Jack. Drive around downtown Atlanta or take Marta rail and you see endless factories that are abandoned. If those factories were up and producing something maybe homeless people and those in jail would have something to do. It is costing us more money in the long run by not having these jobs here. We will be overtaken soon since there human rights laws are either draconian or don't exist at all.The only things that can keep up with what China can produce here is robots doing the work for virtually nothing. Hence we will flush more people down the drain. And what this does to the human psyche on both Americans with no jobs and people in China being abused is untold. When I went unemployed for a while, doing illegal and desperate things crossed my mind, there are many folks who will are perishing and will perish when China overtakes us. Which should occur next week.

    June 21, 2010 at 5:44 pm |
  111. Lance, Ridgecrest, Ca

    Jack, what do you mean "What if?". It is a done deal! The combination of high taxes, high labor union wages, and high priced raw materials have moved the vast majority of manufacturing out of this country already, and it is NOT going to get any better. World companies are not going to move back into the country because they know labor union wages, taxes, and government regulations make manufacturing profit margins in this country much lower than overseas. Add the fact that China is rapidly building the middle class, while this country is busy taxing the middle class out of existance, and you get the future of this country as a third world economy almost guaranteed.

    June 21, 2010 at 5:45 pm |
  112. Conor in Chicago

    It means that shipping our industrial base over to Asia in the name of "Globalization" was a bad idea for most and a good idea for the wealthy elite of this country. Don't worry though, it's only a phase. China will cease to be a country by the 2020's so all of that industry will come back.

    June 21, 2010 at 5:46 pm |
  113. Jack - Lancaster, Ohio

    Jack:

    Well forgetting the "little people" but the U.S. Government will remain unconcerned for it will own the....internet ! On the belief promulgated by Bill Gates and his success, that hardware is second to software.

    June 21, 2010 at 5:49 pm |
  114. kathy from phx,az

    You mean they haven't already!. My husband works for Honeywell and they have outsourced all the manufacturing jobs and only having engineering jobs left and who knows how long this will be because they are training others from other countries to do their jobs. Arizona is going backwards in more ways than one!!

    June 21, 2010 at 5:50 pm |
  115. John from San Antonio

    Overtaking the U.S. in manufacturing in itself doesn't mean much. Our problem is that we are spending far more than we are capable of paying for. That is the root of our problems and as long as we are fine with government growth and spending and corporate welfare we'll ride the country into the ground.

    June 21, 2010 at 5:50 pm |
  116. Jim Blevins

    If you want to "buy American" these days, you just locked yourself out of consumer electronics. If you insist on an American made TV, you will have no TV - that is a real shame. While population contributes to consumption, there is no reason why it relates to manufacture. Given the automation available, only a tiny fraction of the population is needed for manufacture.

    Jim, Craig, CO

    June 21, 2010 at 5:55 pm |
  117. Annie, Atlanta

    It means we better brush up on Chinese in case the GOP takes back Congress. They and the Blue Dogs didn’t sell us all the way down the river last time, for their corporate masters, so they’ll be sure to finish us off. It was never about shrinking government, really, it was always about selling it off to the highest bidder, who could in turn outsource. And we let them. God we're ignorant.

    June 21, 2010 at 5:56 pm |
  118. Bob AZ

    It means the beginning of the end for this country. To sustain our standard of leaving I believe you must make things, and create wealth for all that are willing to work for it. We will all be answering to China in the not so far off future.

    June 21, 2010 at 5:56 pm |
  119. Dennis / Hartsville, TN

    Jack, your right.For years our manufacturing jobs have been lost to the likes of China.But you don't have to look much farther than a days pay in China to find the answer. So,since they will become the world leader in manufacturing the only real question here is, what took them so long?

    Dennis / Hartsville,TN

    June 21, 2010 at 5:59 pm |
  120. art in michigan

    It means that a lot of the Harvard, Yale, and Wharton business school graduates will finally be hiring into the positions they are qualified to fill at an entry level salary- domestic housekeeping duties in, China. Strangely enough, this simple insight in response to your question would probably clean up a lot of the nonsense on Wall Street, too.

    June 21, 2010 at 6:03 pm |
  121. Remo, from beautiful downtown Pflugerville Texas

    Maybe they'll outsource to us. I could learn Chinese and work in a call center. I have some lead somewhere, I could paint their toys.

    June 21, 2010 at 6:03 pm |
  122. chris brown fl

    . if you would notice every body that comes to this country seems to buy products from their country. when are Americans going to start doing the same. it's all about taking care of this country.

    June 21, 2010 at 6:07 pm |
  123. Greg in Cabot, AR

    It means very little, the United States has been shipping our wealth overseas the past 30 or so years... you know...those Trade Deficits we have been ignoring.

    Until we can produce something the rest of the world WANTS we are doomed to continue down the path toward third world status because the World doesn't need our serviced based economy where i wash your car if you mow my yard.

    Every dollar we send off-shore in the form of trade deficits is one less we have to pass around in this country. Our "National Brain Power" should be focused on TWENTY SECOND CENTURY ideas rather than what we used to do in the past and creating a better education system for our children would be a good start.

    June 21, 2010 at 6:10 pm |
  124. Don (Belleville, Canada)

    It means that American schools are no longer capable of producing a Ralph Nader or a Stephen Hawking. American wealth over the last couple of generations has produced mainly a lazy, self-indulgent type of youth who is praised for just showing up. China and India are producing the type of top quality students that America had in the 1960's. Today the typical American student only strives to be like Lindsay Lohan or some prima donna sports star.

    June 21, 2010 at 6:10 pm |
  125. Joe

    Jack, it is a sign of the fall of the American empire, as we have known. Sad, because when we consider the US is likely the world's biggest consumer a concentrated trade policy could restore manufacturing to a more fair level. Will we do it? The answer is "No," because a sign of our times is selfishness and narcissism, as an example of the current business-CEO pay structure.
    Joe, Vestal, NY

    June 21, 2010 at 6:11 pm |
  126. Stephen from Florida

    China is becoming a world superpower. Getting caught back up with the world after being bullied by western nations for the past 200 years.

    June 21, 2010 at 6:16 pm |
  127. Tim

    It will mean that they make more stuff than us, nothing else.

    June 21, 2010 at 6:17 pm |
  128. Ken in NC

    Jack, what do you mean by WHAT does it mean? It is more a matter of WHEN. With the profits of big companies being driven by greed, much of our manufacturing base has already run like wolves to red meat for the cheap labor over seas. Quality, devotion, loyalty and the pride of an American made product are all out the window. The only thing that matters is profit. In fact the only thing we still manufacture in this country are babies and we are even starting to adopt them from over seas.

    June 21, 2010 at 6:17 pm |
  129. Pat Poole

    It means that American businesses have sold out American workers for cheap labor with no regard to the ultimate impact on U. S. economy.

    June 21, 2010 at 6:17 pm |
  130. Barbara from Los Angeles

    I guess it means more dead pets, toxic toys, paper-like clothing that falls apart when it's washed... nails that bend, useless steel, etc. Then we might just have to go back to manufacturing, again! Perhaps the bitter pill is in order.

    June 21, 2010 at 6:18 pm |
  131. Bernie of Lowell, MA

    Communist China will destroy our government – without war. All they have to say is "Pay up or else!"

    June 21, 2010 at 6:18 pm |
  132. Ed

    China overtaking the US in manufacturing means that China has more people making more things than the US. It isn't really all that surprising. We should be concerned more about our GDP.

    June 21, 2010 at 6:18 pm |
  133. Lyn

    IF??? What do you mean by if, they already have, thanks to Presidents from 1980 thru 2008.

    June 21, 2010 at 6:18 pm |
  134. john

    It means that our insatiable lust for cheap plastic crap has done us in. And it's hard to argue that we don't deserve it.

    June 21, 2010 at 6:18 pm |
  135. Anne Marie

    Great for China, so sad for the U.S. I grew up in a small town in Pennsylvania that boasted factories of all sorts...dress, shirt, shoes, hats, furniture...all gone, not one left. Welfare was rare. There was pride in earning a paycheck and satisfaction in a job well done. Our government, unions, lawyers and greed have destroyed what once made America great. Pennsylvania

    June 21, 2010 at 6:19 pm |
  136. Austin

    It means that the scars of China's historical isolationism are fading. You can't say that a country like China which is so rich in resources, human and otherwise, should not outclass this country once both nations have reached an equal level of industrialization. If people are scared, the solution is simple; more babies.

    June 21, 2010 at 6:19 pm |
  137. John Holmes In New York

    It means their country will continue to have environmental issues and health issues as we repair the damage we did for so many years. It also means that we will continue to have economic issues since unskilled labor cannot get manufacturing jobs and the wealth is being sent outside the country. If we ever want to see our country prosper again, we need to start looking for the made in USA label.

    June 21, 2010 at 6:19 pm |
  138. Matthew Gundrum

    It's just the tip of the iceberg and a sign of things to come. Soon, China's economy will also be bigger than ours, and they have been stockpiling resources for years. The real concern should be if they decide to collect on the enormous debt they are owed by the U.S.

    June 21, 2010 at 6:19 pm |
  139. Nick Y

    What happened when GB passed China? Not much. What happened when we passed GB? Not much. What happens IF China passes us? Not much.

    June 21, 2010 at 6:19 pm |
  140. gg

    thanks to corperate america and wall-mart

    June 21, 2010 at 6:20 pm |
  141. john_in_MS

    the first thing i still think about when i think of Chinese Manufacturing is the drywall that was used in home along the Gulf Coast that was bought from China that turned out to be tainted, and the toys sent over here from china that had lead paint ... I think if China is going to be the world's largest manufacturer I hope they start to enforce stricter safety codes

    June 21, 2010 at 6:20 pm |
  142. Mihir Pankaj

    What does it mean for the United State? Well it means that we have a real reality check. America thinks it's the best in everything, and we feel like we have to poke our noses into everyone else's business around the world. Maybe if we just focus on the business at hand in the United States, then we can get back to the top spot.... This is a challenge, will we rise to the occasion, or will we let China take over the manufacturing empire???

    Mihir Pankaj
    Paris, TX / Waco, TX
    Baylor University

    June 21, 2010 at 6:20 pm |
  143. Ed Fern

    Well, golly. It means that fewer of China's people will live in abject poverty while more Americans will have to get up off their "entitlement" butts and find a job that doesn't pay an uncompetitive union wage. Its only a problem if we think we are Americans ahead of being humans.

    June 21, 2010 at 6:20 pm |
  144. Victor Etilo

    It means nothing; life goes on, Jack!

    June 21, 2010 at 6:20 pm |
  145. Michael

    Jack,
    If it's to take 18 months for China to catch us then it only means that Obama will have to redouble his efforts to make us a 3rd rate country.

    June 21, 2010 at 6:20 pm |
  146. Robert

    I can't believe we are still the world's leading manufacturer. We should have lost that more than a decade ago. Most corporations have moved their operations overseas. I have an old Apple disk drive here that says "Assembled in U.S.A." in 1991. We were only putting it together. No computer tech is made or assembled here anymore. We have lost our way to the greed and bottom line. Thanks to mostly Republican ideas of no regulation and tax give aways. Since 1980, the American workers have been hung out to dry.

    June 21, 2010 at 6:20 pm |
  147. Jen in Nevada

    The Chinese don't really want the manufacturing jobs; this is just a stepping stone until their citizen’s get more education, they want the management jobs. Given our current economy, education standards, and the cost of college, our children might need to learn Chinese to talk to their future bosses overseas in 10-20 years.

    Remember the rash of Chinese factory worker suicides? It’s unfortunate to say the least, that values, ethics, and human rights don’t spread as fast as capitalism.

    June 21, 2010 at 6:20 pm |
  148. Angela Tacoma Washington

    Jack GREED WAS THE UNITED STATES PROBLEM! No matter how many people they have, If we had not taught them trade and closed all our plants in this country they would not be ahead They simply took the peoples job and forced them to buy the same products they made from another country because we had no other choice. I can not remember seeing a lable saying made in the USA in years!

    June 21, 2010 at 6:20 pm |
  149. Richard, New York

    It means our policy of exporting jobs is succeeding!

    June 21, 2010 at 6:20 pm |
  150. Dick Fetters

    It would mean that China has a whole lot farther to grow and go than the US. Same for the reason we use more energy/capita than developing countries. When your main export is bannanas, the only way to move is upward.
    Regards.
    RGF

    June 21, 2010 at 6:20 pm |
  151. Mike

    Jack,

    It won't mean squat. As you've already, so eloquently stated, they've been the dominant producer of goods in this world of ours for thousands of years. We, as Americans, aren't #1 at something and we think there's automatically something awry; no, it's a little thing called history!

    June 21, 2010 at 6:20 pm |
  152. Jim

    We're going to have to get used to the idea that we are not going to be the leading manufacturer. China will eventually lose out to somewhere else. We need to focus on maintaining our financial, political, and military power. Manufacturing will always go to the cheapest labor, and that's not us.

    June 21, 2010 at 6:20 pm |
  153. David jr from whitney point, ny

    I believe this will be disasterous widening the gap between the rich and the poor, it will also increase the rate, of an already falling standard of living. At this rate we will be a third world country in 25 years. Only if the politicians both democrate and republican, would do what is in the best interest for the people of the US; instead of standing in the way of progress they should be doing their best to cultivate it. I think we need to invest in clean energy jobs that cannot be sent over seas to other countries. I also believe it would have an adverse affect on many college graduates as the jobs that are sought after become fewer and farther in between a college education will be worth a dime a dozen. Forcing many people to move over seas or to other countries to seek oppertunities. leaving the politicians to deal with the mess they made as it stares them in the face directly. maybe then a connection will be made. The disconnect between washington and the "small people" shines ever more brilliantly with an issue like this.

    June 21, 2010 at 6:20 pm |
  154. Julie

    It was only a matter of time. Should we really be that suprised, about anything you pick up to buy anymore says "Made in China" on the back. If we continue to send all of our work overseas then of course other countries will eventually catch up to us if not surpass. There is nothing to worry about, what we have coming to us we have done to ourselves. Get ready to see "Made in China" on EVERYTHING.

    June 21, 2010 at 6:21 pm |
  155. Public_D

    It means American workers should try to find ways to support the emerging Chinese labor movement.

    June 21, 2010 at 6:21 pm |
  156. Daniel

    It means that China, like the U.S. A century ago, is getting closer to becoming the world's economic superpower. And why not? America is divided on almost every single important issue, politicians are beholden to every lobby and the country is ultimately unable to modernize and move forward. Yes China is rising, but it's America's own fault for falling behind.

    June 21, 2010 at 6:21 pm |
  157. Bill

    It means all those campaign contributions they gave in the 90's have paid off in spades.

    June 21, 2010 at 6:21 pm |
  158. Jason S

    Jack, Its simple what this means, Free Trade has done its job. We were told that free trade would be great for everyone, more jobs in the US and North America with lower cost goods at the same time. This is the reality. The corporations and the wealthy lied to us for their own gain. Yes yes, let us have free trade, it will benefit you in the end. The same Trickle down, get government out of the market mentality, and where does it end ? The rich get richer by out sourcing and average Americans either can't find a job or if they do, can barely afford those cheap goods produced in China.

    June 21, 2010 at 6:21 pm |
  159. Al /Orlando/via Buffalo

    Jack. Beware! China may take our politicians next. Al

    June 21, 2010 at 6:22 pm |
  160. ozie

    jack the question is not what does it mean, the question should be What do we do, i would not mine paying $6.00 for a pair of usa made socks, but we would rather pay $2.00 for a pair of chemically tainted socks, and you wonder why are economy is in such a mess.

    June 21, 2010 at 6:22 pm |
  161. MOKANA

    In order for capitalism to continue to work it must chase the least common denominator – however painful the truth is – this LCD is the cost of labor – in order for Capitalism to survive it must produce its products at the lowest cost of labor in order to sell it into a populace that can afford it.

    What is sad is that this chase for profits is a slow degradation of the United States – ultimately the sellers of this country will be the corporations – the positive is that the entire world will be interlocked and hopefully we will all recognize that trying to destroy your enemy results in a mutually assured destruction outcome.

    MOKANA

    June 21, 2010 at 6:22 pm |
  162. SilverDuck

    Jack, the US will never again be the worlds leading manufacture. However we can still be the best in quality and innovation. If we can get rid of all the politicians and become a littler more protectionist.

    June 21, 2010 at 6:23 pm |
  163. Dan Christian

    Are you kidding me with this? The Republicans and their tax loopholes and limited tariffs CREATED China's industrial power. The big question is, Will China extend Most Favored Nation status to US?

    June 21, 2010 at 6:23 pm |
  164. Gregory Tripp, Mechanicsburg, PA

    It means that China has reviewed its policies rationally and has put into play those policies that help its businesses produce and boost its economy. It means that our form of democracy is flawed, with too many people not having an iota of knowledge or sense having a say in how things are run. Very poorly! In China, corruption is dealt with swiftly and sharply. Here, corruption is rewarded with million dollar bonuses, promotions, and election to public office. It's amazing we are in the running at all.

    June 21, 2010 at 6:23 pm |
  165. Sandra

    I think it would be good for the people of China. Better if they learn from our mistakes. There's an up side and a down side to this.

    Consumption is an issue that we need to look at ourselves. Corporations just want to make money for stockholders so they throw new products up and advertise the bejebers out of them so people think they need this stuff. That means corporations are munching their way across this planet (through minerals management) and not as elegantly as one would hope. We need to get a handle on that. Making products last longer would be good. Better recycling. Standardizing some things to make things work better for everyone. There are some parts of what we did that were good, but the whole thing needs to be re-evaluated...and there are people that are doing that. LOTS of documentaries out now.

    June 21, 2010 at 6:23 pm |
  166. Lyla

    We sold our souls to the devil and the devil is China.

    June 21, 2010 at 6:23 pm |
  167. Bernie of Lowell, MA

    Where are Benjamin Franklin, Thomas Jefferson, Thomas Paine, George Washington, Patrick Henry, James Madison...? They're all turning over in their graves!

    June 21, 2010 at 6:23 pm |
  168. Alfonso Pineda

    It means that the US will have less muscle to handle international-sociopolitical issues.
    It means that Clinton, Obama and the following ones will have to bend-over a little more.
    And as my grandmother told me once. You should bend over once in a while but don't bend over too low or too frequent becuase you may expose your behind. And that is not good.

    June 21, 2010 at 6:23 pm |
  169. Adam in New Orleans

    Jack, China overtaking the US in manufacturing means that the US is in the pockets of Special Interests, which includes state-based mercantilist governments. It means we must have campaign finance reform or we're toast. It means we have no trade or industrial policy. It means that our tax structure disfavors export. It means that we're at economic war and our politicians refuse to level the playing field. It means that Americans vastly do not understand the implications of unregulated globalizaiton. It means that a double-dip is coming and that the plutocracy here is poised to profit from that misery. It means that my children will likely not know the "American Dream."

    June 21, 2010 at 6:24 pm |
  170. Michael Roepke - Dallas

    Every country wants to evolve. From exporting raw materials to agricultural products to manufactured products to intellectual products. Those who are proposing that we compete with China for manufacturing markets are just trying to stop the clock with slogans like "remember the good old days."

    June 21, 2010 at 6:24 pm |
  171. Jim

    This depends on your definition of LEADING. Chinese companies are polluting the environment more rapidly than other countries; they've been caught exporting toys with chemicals banned by the U.S. Gov't that became recalls; and their factory workers as well as executives are paid chump change. How is this leading?

    -Jim

    June 21, 2010 at 6:24 pm |
  172. charmaine

    I'd be careful before bringing any toys into the Whitehouse. Never know if there is a camera or mic in one of them.

    June 21, 2010 at 6:24 pm |
  173. Jason, koloa hi

    I care about as much as I care about the price of tea in china. Just because we need jobs doesn't mean we need jobs from factories that polluted our country for over a hundred years. Let the Chinese wallow in the pollution of their own success if they choose.

    June 21, 2010 at 6:24 pm |
  174. J in Franklin,Va

    To me, it is a question of national defense. What pulled us through World War II, and probably many other conflicts, was our ability to manufacture weapons and supplies for troops. In today's world, we will have to replenish high tech weapons and troop supplies. From who if we can't produce them.
    International Paper just shut down our whole community by moving 1100 jobs to Brazil. Wasn't it Brazil that is siding with Iran. IP's management should be arrested and given a treason trial.
    Also, how can we possibly be consumers if there are no manufacturing jobs? Everyone can't be CEO's, Accountants and Entrepreneurs because they didn't teach us that in school. We're not ready to loose our place in the world, but we will very soon.

    June 21, 2010 at 6:25 pm |
  175. james

    haha yeah here is my views can we say we are looking at being a 3rd world country we send them the jobs as we pay way higher prices for what we buy and to say the least half the products they make are junk built with slaves with in a communists country way to go this is just another nail in the coffin can we say to the goverment you get a giant fail mark we need these jobs what do we need another war to where we are forced to make everything it drug us out of the last depression but it proberly would not help because all the American public want to do is sit at the offices and talk on the computers no one knows how to make stuff anymore so guess what we are going straight for the worse depression ever we will look like Haiti in 5 years most likely i give us as americans a giant F just like i give congress and Obama

    June 21, 2010 at 6:25 pm |
  176. jerry buckles

    it just means that more people are shopping at wal-mart

    June 21, 2010 at 6:25 pm |
  177. Dariel, Santa Rosa, CA.

    We would be where China was 110 years ago Jack, and we've been watching it coming.

    Re-institute the import – export tax and save our economy and become self reliant nation once again.

    June 21, 2010 at 6:25 pm |
  178. Tim in Texas

    American manufacturing has been in decline ever since Reagan was in office. So what's surprising? We like to buy cheap crap, and we don't like to pay our workers enough that they can afford to buy the stuff that they make. Plus which the Chinese workers don't buy their own stuff or our stuff, they save their money. Maybe if we'd stop paying our CEOs, hedge fund managers, and shareholders less, or actually tax them and hire more workers, we'd do ok, but unless we vote every Republican out of office, that isn't going to happen.

    June 21, 2010 at 6:25 pm |
  179. Dan in Lafayette,IN

    It means big business owners do not care about the United States, they only care about profits and fattening their wallets. They all should be evicted from the U.S. and have to live in the countries where they move their companies! Maybe then they will become more patriotic again, if they ever were.

    June 21, 2010 at 6:26 pm |
  180. Chuckster

    Means nothing...water finds it's own level, besides it's the American way.."may the best man win"...and they are doing "it" best. If the U.S. can't take the heat, well guess we will have to get ot of the kitchen. It's really pretty simple.

    June 21, 2010 at 6:26 pm |
  181. Sandra

    China will do just fine. We need to work on ourselves now.

    June 21, 2010 at 6:26 pm |
  182. Davis Jeffries

    Why does everything have to be fear oriented? Are we afraid this will happen, are we afraid that will happen. It's life brother. Take it, react to it, adjust, use it to give perspective. So the F what position we are in. It is up to the US economy to get us back on our feet. Like a football game, if you want to win you have to make it happen. Ask yourself this question. Do we really want to be like China or do we want to be like the USA.

    June 21, 2010 at 6:26 pm |
  183. Ross, Stuart, Florida

    Jack, You can trace the decline to union expansion. Over 20 years ago there was an obvious disconnect between value-added and compensation. Union workers have simply priced themselves out of the manufacturing business. Michigan is basically closed as a result of this trend and conditions will likely worsen if more concessions are granted to the unions. Free trade has benefited the vast majority of Americans who now pay much less for manufactured goods. Either we figure out a way to become more productive or we will lose more jobs to people willing to do the same work for less. Americans have voted with their wallets. They refuse to pay more for the same goods just to say it was produced here. Fortunately foreign car companies open US factories and have hired our citizens to man them. These units are profitable as they do not pay what the US companies have to.

    June 21, 2010 at 6:27 pm |
  184. Susan - Irvine, CA 92606

    Jack,

    This is the fair chance of opportunity for everyone to take over whoever the champ is just like in sport, game and politic. The key is that we as a nation allow China to merge and take over for decades...don't you think this question is 25 years late?

    Live with it and get used to it...

    June 21, 2010 at 6:27 pm |
  185. Sam

    This isn't news. I am 28 years old and the idea that China would overtake US manufacturing production was in my 5th grade social studies book. Seriously, quit with the sky is falling stuff. Why don't you point the finger at the failure of the "open door policy" over 100 years ago. Or Nixon's "ping-pong" in which we traded away our manufacturing in exchange for a "W" in the cold war.

    June 21, 2010 at 6:27 pm |
  186. Larry

    Jack, most of us do not care! This has been coming for more than 20 years now. I care and will keep fighting. I look to my left and then to the rignt and see no one else. I am all alone Jack!

    Larry
    Bolingbrook, IL

    June 21, 2010 at 6:27 pm |
  187. charmaine

    It feel slike the world is spinning out of control- someone had better grab the reins before it is too late.

    June 21, 2010 at 6:27 pm |
  188. David P Vernon

    Tucson, AZ – What this means is that demographics wins, other things being equal. China had lousy governance in the period from 1880 to 1980, so that fact that they have the most people, one of the largest land masses, and tremendous natural wealth was not enough. England led, not because of their size, but because of their empire. The US started to take the lead because of our land mass and the newness of our industrial base. The US led from 1945 on because we were the only industrialized nation not destroyed by the Second World War. Once the rest of the world rebuilt, we became the place with the obsolete industrial plant and began to fall behind, even if we did not see it and know it. We will not outproduce a modern, productive China, just because of their size, but we can compete on quality and on per capita productivity, if we invest at home instead of abroad, reversing the trend of the past fifty years! The labor cost differential will not exceed the opposite transportation cost differential in a world in which oil is no longer cheap.

    June 21, 2010 at 6:28 pm |
  189. Lawrence Johnson

    Jack , What if , it's time for all of the American companies who now have their work done over there for the cheap labor to bring their jobs back home. The country can't take this type of unbalanced trade for ever . Trade implies that it's a two way street and clearly it's not

    June 21, 2010 at 6:28 pm |
  190. Diane - MO

    It means that our U.S. government has actually been "asleep at the switch". When it comes to manufacturing jobs, why didn't our government come up with the idea of a "kill switch" plan years ago against losing our manufacturing companies...and actually work with companies to help them want to stay here in the first place?

    June 21, 2010 at 6:29 pm |
  191. Tom K. from Santa Monica, CA

    Jack,

    It means it's time to pull the plug on NAFTA. The agreement and many others like it have completely destroyed jobs in this country. While we're at it, we should send the greedy labor unions overseas to China as they are a contributing factor for the big corporations sending the jobs overseas. By the way, didn't President Obama promise to get rid of NAFTA in his election campaigning against Hillary Clinton?

    June 21, 2010 at 6:29 pm |
  192. Sandra

    Dan, there's a solution to that. Divest out of the multinationals and invest into more local companies. Vote with every penny you spend, and where you put your 401k and 403b (whatever is left of it).

    June 21, 2010 at 6:29 pm |
  193. Carlos

    It's a shame. That the main reason why our economy is not growing, the manufacturing sector is the one who creates a millions jobs in faster pace. See what happened after WW II. Europe has same problem. When countries stop to produce (have a manufacturing sector declining) the economic grows slows and you have a high unemployment. We are encouraging and rewarding companies to ship job overseas, government to have policies encourage it( like keeping tax breaks, Issuing visa to foreigners to take our jobs hear in our land, ect) and we as a consumer to keep buying cheap low quality products from china (at the price that were before we send the production to china) what has been the saving to the consumer.

    June 21, 2010 at 6:29 pm |
  194. Ray

    Jack,
    We place a great deal of focus on China but manufacturing jobs have left the US for many different countries around the globe. While the US has created a quality of life the is envious by most, it is wrong to assume that our union driven wages should be the standard around the world. The reality is that in many nations, a wage equal to 25% of ours is considered doing well. Just look at the volume of illegals willing to cross our border and work for half the typical wage. Even at that amount it is more than twice what they made back home.

    June 21, 2010 at 6:29 pm |
  195. Desroy in queens

    it means that the U.S. may also loose some of its respect in the world. Where countries that would look to the United State for financial help will now go to China. Its like having the boss going broke and the workers now don't need to take his bulls anymore because he is as broke as they are. Manufactory brings money and money brings with it resources such as fear and respect. Its a bad thing to loose money. But loosing a country's respect should even be worse. Go firgure.

    June 21, 2010 at 6:30 pm |
  196. Brady in Virginia

    Jack,

    Didn't the US just borrow millions from China? If they raise the value of their currency that would mean the US will have to pay back more. Where are they going to get the money to pay back China, OUT OF OUR POCKETS. China has been buying the US for years and now they will be able to buy even more at less.

    June 21, 2010 at 6:31 pm |
  197. Max (Miami, FL)

    China overtaking the U.S. as the world’s leading manufacturer is a good thing. The more Chinese products appear in the stream of commerce, the more Consumers will notice the low product quality and more product problems present with Chinese goods. Consequently, this will lead to higher buyer intelligence, that will in-turn force consumers to be more inclined to buy American. So what’s wrong with a little competition? Isn’t that the American Spirit anyway?

    June 21, 2010 at 6:31 pm |
  198. Jonathan Cassels

    I don't see why this is surprising.

    The UK became the world's biggest producer when it was the only industrialized nation in the world.

    America took over that position and maintained it because it's been the world's largest industrialized nation.

    China's taking over because they've finally got into a place where they too can industrialize. Obviously with this happening, their huge population comes into play.

    The fact that anyone is surprised by this is just another sign of how desperately our education system needs some help.

    June 21, 2010 at 6:31 pm |
  199. Carlo - in Fort Lauderdale

    Jack,

    Many years ago in a tv show Walter Crokite hosted he said a country that does not control manufacturing will not control a war. May not be his exact words but I think you get the drift.

    Carlo

    June 21, 2010 at 6:32 pm |
  200. Sandra

    Dan, and don't be shocked when you see the stock market drop. People are just voting with their dollars to do something different that works for people closer to home. Investing in more local trading markets closer to home where they can see where their money is going. Not the big ones that they watch on televison, but smaller more local ones.

    June 21, 2010 at 6:33 pm |
  201. Sam

    It means that U.S will become the true world market, a status it has wished for so many years. China has got it right, while we are busy borrowing away our future and the future our children, China is busy lending and de-industrializing us.

    June 21, 2010 at 6:33 pm |
  202. Johann Sproule

    I work for a mining & smelting company. I've been at this for close to 30 years. I've seen plants close. I've seen manufacturing plants close. Nothing replaced. We sent jobs overseas – manufacturing, was the start. The economists, politicians, government all stated that next was service. That too is practically going. So what is left? Unemployed persons, without any technical know-how. We spend so much time looking for mechanics, electricians, instrumentation personnel – the expertise is gone. The few come from those closed plants – and are old timers. Scary thought? We need to compete, we need to educate, we can still do it; yet, we need the will from the top. We are to worried about those things we cannot fix or if we do don't matter. Closing the gulf to new drilling does nothing for this disaster. And it does contribute to no jobs, or lowering the expertise in the workforce. Politicians get off it. Do what is necessary. People are tired of waiting – jobs, jobs, good paying jobs. Be balanced, be the cause our future that makes us play in the world.

    June 21, 2010 at 6:34 pm |
  203. Sandra

    Investors from China were at quality meetings in our Universities (nothing odd) telling people that they have money to invest in good ideas. No shock that people would have taken them up on that. Just need to do the same thing they were doing.

    June 21, 2010 at 6:35 pm |
  204. Murray

    Ask Wal-Mart. They helped create the situation along with thousands of other entrpreneurial out-sourcers. By holding wages down as low as possible; by attempting to convince the average person that price always beats quality; by lowering quality standards and by requiring outlandish gross profits during global financial crises it's only natural that it would happen. Obviously China doesn't care about anything but profits and personal growth so it's not their fault! They learned from us. And everyone knows that Asian students excell in their studies. It still points back to us causing our own misery.

    June 21, 2010 at 6:37 pm |
  205. Sue

    China becoming the leading industrial country has been disastrous for the world. They have no rules regarding safety for their employees and the people buying their products. Don't people remember the poisioned pet food, the lead toys for our children, and the numerous other ecological and illegal violations? America was strong economically with manufacturing jobs here. But with NAFTA and the severe loss of manufacturing jobs here we have become like the 90 pound weakling in the room.

    June 21, 2010 at 6:37 pm |
  206. Paul, Canada

    It means that the unabashed culture of consumption has finally met its full fruition.

    June 21, 2010 at 6:37 pm |
  207. Brice R. Wharton, Norristown, PA

    I think that the US's economic and superpower influence will drastically decrease within the next decade or so. China will mist likely become the next most wealthiest and powerful force on Earth.

    Brice R. Wharton
    Norristown, PA

    June 21, 2010 at 6:39 pm |
  208. Sam

    China is not the reason why US manufacturing jobs are disappearing. The US is manufacturing more than ever it just takes less people to do it. The reason these jobs are disappearing is because we have replaced people with machines. A factory that used to require 400 people can now be run by 50 people. If you want a job learn how to make the machines, design the software, design the process. I am sorry to say it but there are no more "button pusher" jobs, you will have to start using your brains or work in a service industry. If China is building their workforce on manufacturing then they are making a huge mistake as would the US be if we focused on manufacturing.

    Cincinnati, OH

    June 21, 2010 at 6:39 pm |
  209. Bob Lee

    Who was in the WH when we started outsourcing?
    As Ross Perot said, listen for a big sucking sound.

    June 21, 2010 at 6:40 pm |
  210. Flyingwolf, Manchester NH

    Hey Jack, you know how communism started–it was when the workers & the displaced workers rebelled and revolted against the globalist uppercrust types who thought they belonged to a separate species. Now, in the USA, the corporate bigwigs who feel they're more in-line to European royalty than American hard-working success stories, are buying up companies and outsourcing the production departments and the call center customer service departments to other countries so that they could shove more money into their pockets should be fined at least or jailed as Anti-American at most. If these right-wing tea-baggers are so afraid of Communist/Socialist intrusion, they should vote to regulate any company/corporation enjoying existence in the US to be regulated so that all jobs should be in country to people here legally or else there might be a revolution similar to what Russia and China went through.

    June 21, 2010 at 6:40 pm |
  211. KamaraSune

    What it means is America has been reduced in spite of all that was promised with NAFTA. NAFTA....the very tool that sent companies scrambling in herds to exploit under paid, and under regulated work forces. Re-education did little for many that went back to school only to find that competition for the remaining jobs was step and that the job losses in America had created a national vacuum. Until our leaders put their citizens first again, it will only get worse.

    June 21, 2010 at 6:41 pm |
  212. steve - virginia beach

    It means the same thing that all of our problems mean- we keep electing the wrong politicians and better start electing those who prioritize the interests of the United States and all of our human and corporate citizens, not just certain ones.

    June 21, 2010 at 6:44 pm |
  213. Mark from Boston

    Jack,

    Why close the fence once the cow's gone?

    It means BUY dividend based assets based in the Yuan, the future reserve currency, and hopefully you can retire on the carry trade once China de-pegs, and the dollar becomes the Nigerian Dollar.

    June 21, 2010 at 6:44 pm |
  214. Scott Stodden

    It means that China would become the leading manufacturer! I don't believe that it would be a grave problem for the United States but we should be ashamed Jack of the direction former President George W Bush took us and all the spending that the Obama administration is doing, we need to get a hold of this country or we will end up like Greece running out into the streets in an uproar!

    Scott Stodden (Freeport,Illinois)

    June 21, 2010 at 6:46 pm |
  215. Norm

    China's demand for goods comes primarily from industrial nations like the United States. Americans will soon stop buying Chinese goods because China has saturated our market with cheap goods. In the near future, China will begin to import more products from us.

    The engineers and technicians in the U.S. are still among the best in the world. The only problem is that most of the best ones are unemployed because the emphasis has been on the service sector. When U.S. companies purge themselves of the visionless, executive leadership and focus on hiring real talent, America will have a chance to once again regain its lead.

    June 21, 2010 at 6:48 pm |
  216. steve - virginia beach

    It means that China isn't stupid enough to do what other countries want them to do instead of what's in their best interests.

    June 21, 2010 at 6:49 pm |
  217. Lene, IL

    Well, what does one do without a backbone? These manufacturing jobs so easily given away to other countries are vital, without them we are paralyzed.

    June 21, 2010 at 6:57 pm |