How much of the stuff you buy is made in China and imported here? The answer may surprise you.
How much of the stuff you buy in America is made in China? It’s an important question to ask as the world’s second largest economic power continues its rise and Americans fret about the direction of our manufacturing sector and economy at large, but the answer may surprise you.
While Chinese goods seem ubiquitous, especially given America’s economic woes, the reality is that imports from the country are a relatively small part of the economy: A total of 88.5 percent of consumer spending in the United States is on items made here, with only 2.7 percent spent on “Made in China” goods, according to new research from the Federal Reserve Bank of San Francisco: