China Set to Surpass US as Largest Manufacturer

Second place awaits after 100 years on top
By Sam Biddle,  Newser Staff
Posted Aug 11, 2008 1:32 PM CDT
In this 2007 file photo, a Chinese worker sorts threads at a textile factory in Hefei, in eastern China. China is set to overtake the US as the world's top manufacturer.   (AP Photo)
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(Newser) – China will surpass the US as the world’s No. 1 manufacturer by next year, the Financial Times reports. China, which last year accounted for 13.2% of manufacturing, will soon account for 17%, just ahead of the US, which has been the planet's dominant manufacturer for more than a century. The change had been projected to occur in 2013, but the weakening US economy accelerated that timeline.

One expert welcomed the report: “This should be a wholesome development for the US, for it promises both political stability for the world’s largest country and continuing opportunities for the US to export to, and invest in, the world’s fastest-growing economy,” said the president of the National Association of Manufacturers.