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China Bests United States In Several Industries

January 31, 2012 by  

China Bests United States In Several Industries

A new report by 24/7 Wall St. details a number of industries in which the United States once led world production that are now dominated by China.

China’s gross domestic product is measured at about $6.5 trillion and America’s GDP is more than $15.2 trillion, according to the International Monetary Fund. Last year, China’s economy expanded at more than 9 percent. America’s GDP grew only 2 percent. Most economists expect China’s economy to surpass the United States’ in the next decade or two.

The eight industries in which China has already outperformed the United States are:

1. Steel
China production: 627 million metric tons in 2010
U.S. production: 80 million metric tons in 2010
U.S. position: Third

2. Cotton
China production: 7.3 million metric tons in 2011
U.S. production: 3.4 million metric tons in 2011
U.S. position: Third

3. Initial Public Offerings
China production: $73 billion raised in 2011
U.S. production: $30.7 billion raised in 2011
U.S. position: Second

4. Tobacco
China production: 3 million metric tons in 2010
U.S. production: 0.33 million metric tons in 2010
U.S. position: Fourth

5. Autos
China production: 18.3 million autos in 2010
U.S. production: 7.8 million autos in 2010
U.S. position: Third

6. Beer Production
China production: 443.8 million hectoliters in 2010
U.S. production: 227.8 million hectoliters in 2010
U.S. position: Second

7. High-Technology Exports
China production: $348 billion in 2009
U.S. production: $142 billion in 2009
U.S. position: Second

8. Coal Production
China production: 3.24 billion short tons produced in 2010
U.S. production: 985 million tons produced in 2010
U.S. position: Second

Sam Rolley

Staff writer Sam Rolley began a career in journalism working for a small town newspaper while seeking a B.A. in English. After learning about many of the biases present in most modern newsrooms, Rolley became determined to find a position in journalism that would allow him to combat the unsavory image that the news industry has gained. He is dedicated to seeking the truth and exposing the lies disseminated by the mainstream media at the behest of their corporate masters, special interest groups and information gatekeepers.

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