[familyop]

American "based" manufacturing on foreign soil (including high tech.) is doing great as reflected in a small percentage of the Dow "industrials" (most of the industrials not being really industrial).

China's Superpower Economy
http://www.heritage.org/research/reports/2007/12/chinas-superpower-economy
The Heritage Foundation
December 28, 2007
By John J. Tkacik, Jr.
"Despite breathless media reports about the World Bank revising downward its estimate for the size of China's economy,[1] what the figures really show is that China has indeed overtaken the United States in manufacturing output."

China Passes The US As Largest Manufacturer
March 14, 2011 5:41 am EDT
http://247wallst.com/investing/2011/03/14/china-passes-the-us-as-largest-manufacturer/

U.S. Falling Behind China in High-Tech Manufacturing October 30, 2011
http://economyincrisis.org/content/us-falling-behind-china-high-tech-manufacturing

China became world’s top manufacturing nation, ending 110 year US leadership
http://en.mercopress.com/2011/03/15/china-became-world-s-top-manufacturing-nation-ending-110-year-us-leadership

[zeestephen]

Yes, I know that China is the “largest” manufacturer.

My point was...

China has about 100 million manufacturing workers.

In the USA, that number is about 14 million.

But, the value of American output is only 10%-15% behind China, even though China has 7 times more workers.