China's Share of Advanced U.S. Manufacturing Market Soars

IndustyWeek (AFP) - Industrial challenge from Beijing is no longer confined to low-end goods says industry group.USBIC's data show that from 1997-2008 (the last year for which U.S. government data is available), China's share of advanced U.S. manufactures markets surged from 0.59% to 5.44%. This rate of expansion was more than 12 times faster than the total foreign share during this period. Moreover, Chinese products' market share in America's own industrial backyard is much higher for many individual industries. For example, in 2008 imports from Chinese-made products alone accounted for 33.2% of all of the computers Americans consumed, 22% of the broadcast and wireless communications equipment, 12.7% of the tires, 12.1% of the industrial valves, 9.9% of the motors and generators, 7.9% of the relays and industrial controls, and 6.1% of the environmental controls. Download report (PDF)