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Monday, July 19, 2010
China overtakes US at #1 manufacturing nation in 2011
Based on current projections, China will overtake the US as the number one manufacturing nation globally in 2011, according to IHS Global Insight, an economics consultancy in Waltham, Mass. The US became number one in 1890, but consistent annual manufacturing growth rates of 10% in China vs. the US' 2-3% growth rates will cause China to win the spot next year.
At the same time, the Green Supply Chain Management Forum convened in Hong Kong in June 2010 where it concluded that China lags in sustainable manufacturing. As China is taking over the number one manufacturing spot, this situation is becoming a significant global concern.
China overtakes US at #1 manufacturing nation in 2011
Based on current projections, China will overtake the US as the number one manufacturing nation globally in 2011, according to IHS Global Insight, an economics consultancy in Waltham, Mass. The US became number one in 1890, but consistent annual manufacturing growth rates of 10% in China vs. the US' 2-3% growth rates will cause China to win the spot next year.
At the same time, the Green Supply Chain Management Forum convened in Hong Kong in June 2010 where it concluded that China lags in sustainable manufacturing. As China is taking over the number one manufacturing spot, this situation is becoming a significant global concern.
