Blaming China For US Poverty And The Broken American Dream? |  Channel News Asia

Blaming China For US Poverty And The Broken American Dream? | Channel News Asia

In 2001, China joined the World Trade Organisation, with America’s support. The US’ belief was that free trade with China could create more opportunities for Americans.

However in the past 20 years, almost 5 million manufacturing jobs in America have been lost, as factories moved overseas, creating Rust Belt de-industrialisation, a surge in poverty levels and anti-China sentiment.

Dayton, Ohio, home of the Wright brothers, was once known as “The City of 1,000 Factories” and the Silicon Valley of its age. From 2001 to 2007, the city lost almost 23,000 jobs, as factories such as General Motors shut down. Ironically in 2015, Chinese glass-maker Fuyao set up a factory in Dayton employing 2,300 workers – the subject of the Academy Award-winning documentary American Factory.

But how much is globalisation, and China in particular, to blame for America’s deindustrialisation woes, and how much the one-percenters and unequal distribution of wealth? America’s GDP after all has grown by some US$11 trillion since 2001.

CNA is an English-language news channel based in Singapore.

*Gateway China News Centre, keep you updated on China

如果您喜欢我们的文章,请支持我们的新闻工作者和创作者!请打赏一杯咖啡给他们(注明栏目或文章题目),或支持我们每月的服务器费用,非常感谢!
订阅我们,Paypal每月赞助5纽币:
http://bit.ly/47fUCPS