Archive for December, 2011

The U.S. Content of “Made in China”

In a recent study reported by the Federal Reserve of San Francisco, goods and services from China accounted for only 2.7% of U.S. personal consumption expenditures in 2010, of which less than half reflected the actual costs of Chinese imports. The rest went to U.S. businesses and workers transporting, selling, and marketing goods carrying the [...]

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