US Olympic Clothing Made In China Benefits From USA

Before the opening of the Olympic Games, the official uniform of the US Olympic team caused concern.

The announcement of the Olympic made in China made a debate.

Some members of parliament also joined in the attack.

In this regard, a newspaper published an article entitled "is it important to make the Olympic team uniform in China?" the article pointed out that the main reason for this dispute is not "made in China".

An executive in an American manufacturing company with manufacturing operations in China said that those who proposed "must burn the made in China".

People who do not understand the theory of comparative advantage and the operation mechanism of international trade (Chinese are very good at producing low cost costumes, and the advantage of Americans lies in technological innovation and advanced manufacturing industry. Do you want the situation to be reversed?) or a cynical political view, which is likely to exist in two situations.

The manager of another high-tech multinational company said that this kind of speech is nothing but a sensationalism. There are many more important bilateral economic and trade issues for China and the United States to be concerned about.

The anxiety of US Congressmen on the uniforms issue has much to do with the problems in Sino US relations.

However, researchers from the Federal Reserve Bank of San Francisco (FederalReserveBankofSanFrancisco) calculated that in 2010, the "made in China" products accounted for only 2.7% of the total personal consumption expenditure of goods and services in the United States, and the "goods and services" included everything we purchased during the year, from cars to clothing to health care.

In our expenditure, the proportion of services is about 2/3, which is mainly provided by domestic institutions in the United States.

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American businesses are responsible for pporting, marketing and promoting these Chinese goods.

Excluding this part of the value, the actual cost of imports from China to the US consumer spending has dropped to only 1.2%.

Even those products labeled "made in America" sometimes contain parts made in China.

But when the researchers calculated the value of these components, the proportion rose to only 1.9%.

The report says that although globalization is now universally accepted, the US economy is still relatively closed, and the vast majority of products and services sold in the US market are produced domestically.

RalphLauren, the US Olympic team, has refused to say which Chinese factory has won the garment production business. (Ralph Lauren)

Zhang Yongjing, a Beijing branch, said that one of the companies that make clothes for Ralph Lauren is LuenThai, Hongkong's KerstenZhang, which has business establishments in Southern China.

This company alone produces millions of clothing and accessories every year for several US retailers and global retailers.

China will surely be able to produce costumes and Olympic uniforms at a cost lower than that of the United States.

But Ralph Lauren asked American staff to design uniforms.

If the Federal Reserve Bank of San Francisco calculates accurately, more than half of China's clothing sales in the US will go into the pockets of American companies.

Murphy, the U.S.ChamberofCom-merce of the US Chamber of Commerce, said that the whole business community has an understanding that we need to discuss trade issues in a more mature way: the global value chain can not be attributed to such simple terms as "made in China" or "made in the United States" in.