A recent documentary on the History Channel noted that nearly all of containers ships crossing the Atlantic are going back empty to China. by contrast Australia has the opposite situation where exports of raw material to China are bringing a surplus
This 2009 graphic says a lot about the current financial state of the North America with USA and Canada being consumer in large quantities of China products. It is a endemically circular as the US companies who previously dominated manufacturing now manufacturer in China to supply their domestic markets. The 30 year transition that brought the in crisis situation left the traditional manufacturing with high and permanent unemployment. US Consumers including those on welfare have no choice to buy to imported goods until the country runs out of money.
As US companies look at ways to balance the books it is bringing opportunity that Industry leaders are spotting. The imbalance reduction, albeit slow and painful is happening with local supply culture changing too so it can compete .
Other counties watching how the pendulum moves, need to watch these dynamics as the US restore its balance of trade.
