It’s All Made in China? Not So Fast! – Business – GOOD

 

 

While Chinese goods seem ubiquitous, especially given America’s economic woes, the reality is that imports from the country are a relatively small part of the economy: A total of 88.5 percent of consumer spending in the United States is on items made here, with only 2.7 percent spent on “Made in China” goods, according to new research from the Federal Reserve Bank of San Francisco:

ou exclude the services sector, which naturally advantages the U.S.—you’re not going to Beijing for a Big Mac or a doctor’s appointment—China still takes a relatively small share, about 20 percent of household equipment and furniture spending and 35.6 percent of clothing and shoe sales.

via It’s All Made in China? Not So Fast! – Business – GOOD.

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