MoneyMoose

China is the biggest producer of, well, everything. Well, almost everything. Here are some of the few things the Asian giant hasn’t yet beaten America in:

“…The market for autos is dominated by U.S., Japanese and Korean products, but many of these foreign companies… own U.S. factories. Foreign companies use U.S. factories to stay close to the consumer and save on freight costs. China could do the same–but its technology reputation still lags behind its Asian counterparts. If the American public is wary of Chinese-made toys, imagine how a China-stamped auto would fare in its debut year.”

Disregard the above picture. It has absolutely nothing to do with a defective lead-paint based spontaneously combusting car from China.

The automobile industry isn’t the only business in which we’re beating China, though.

“America excels in high-technology goods, such as biotech and aerospace equipment, because it has a large, highly educated workforce with the resources to invest in research and innovation… unlike China, America has strong property protection laws… Furthermore, if there is a premium on creative design, China doesn’t have the edge. China has built an empire on being the world’s “bargain basement” factory, but for all its resources and manpower, the country has a dearth of globally recognized designer brands.”

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