Audio Clips

10 August 2011

The 'Made in China' Myth Debunked

How many times a day do you hear about how China is producing everything we consume now? Oh, the humanity! It turns out, unsurprisingly, to be overblown. Matthew Yglesias at ThinkProgress breaks down the reality. Here is an excerpt:

Whereas goods labeled “Made in China” make up 2.7% of U.S. consumer spending, only 1.2% actually reflects the cost of the imported goods.

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