China’s mercantilist challenge to American manufacturing is rapidly spreading from low-value consumer goods to dozens of advanced manufacturing sectors, according to a new study from the USBIC.
The study, titled “Chinese Market Share in Advanced U.S. Manufacturing Grows at Accelerating Pace,” points out that China in 2010 supplied 7.5 percent of cross-section of high-value American manufactured products, and growth in these sectors accelerated during the current recession, rising 16 percent in 2009, and 19 percent in 2010. The report can be accessed by clicking here.
Study author Alan Tonelson said, “These findings demolish the still-widespread view that Chinese economic competition can be safely downplayed because it’s largely confined to cheap consumer goods. Dozens of America’s high value industrial crown jewels are steadily becoming just as vulnerable to Chinese competition as clothing, shoes, and toys.”
The USBIC report shows that China’s greatest advanced manufacturing successes in the U.S. market have come in electronics products, like computers (where China supplied 61 percent of Americans’ purchases in 2010) and broadcast and wireless communications equipment (nearly 29 percent).
Source: United States Business and Industry Council





