China Daily reported that China’s manufacturing output accounted for $2.05 trillion in early 2011, compared to US manufacturing which totalled $1.79 trillion. A close margin, still carried on from 2010, where China’s manufacturing output was a total of 19.8 percent of the worlds total, slightly higher than the United States which was 19.4 percent. Statistics show China still lags behind the US with its inability to attract or manufacture wealth creating brands. ‘China had only 17 of the world’s 500 most influential manufacturing brands in 2010. Lying at the middle- and low-end of the world’s manufacturing chain, China’s exports are mostly low-technology, low value-added products, while its imports are high-tech, high value-added products.’ Read More
In Germany, a rise in manufacturing orders beat expectations in December, driven by the demand to source products away from the troubled euro zone. The latest figures, reported in The Wall Street Journal, could be a sign Europe’s largest economy may avoid recession amidst the debt crisis in Europe.
‘New orders rose 1.7% on the month in adjusted terms, after slumping by a downwardly revised 4.9% in November, data from the economics ministry showed Monday. Experts polled by Dow Jones Newswires had expected an increase of 1% in December.’ Read More
China‘s Motorcycle manufacture Chongqing, has seen an increase of 770 per cent, exporting 810,000 motorcycles to 76 countries including Viet Nam, Indonesia, Iran, Bangladesh, Argentina and Nigeria. CCCME
Sustainable Practices: Diverting more than 5 million plastic bottles from landfills into Toys.
West Paw Design, a small manufacturer based in Montana, USA, specialising in the manufacture of pet toys and beds, uses IntelliLoft—a fiber created from 100 percent post?consumer recycled plastic soda bottles—to fill their stuffed pet beds and toys. Since 2006, the company has helped divert more than 5 million plastic bottles from landfills through this practice.
LAURA D’ANDREA TYSON reported in the New York Times that ‘during the last two years, the [US] manufacturing sector has led the economic recovery, expanding by about 10 percent and adding more than 300,000 jobs.
Admittedly, this is a small number compared with overall private-sector job gains of 3.7 million during the same period, but it reverses the trend of declining manufacturing employment since the late 1990s.’ Read More>