Chinese Economics Thread

Wrought

Senior Member
Registered Member
Very interesting.

The point that stood out for me was US manufacturing value-add should be corrected downwards by 30-40% because companies such as Apple and Nvidia are captured as manufacturers in US statistics.

But Apple and Nvidia don't actually make anything as they outsource their production to Asia...

The truth of their classification is actually very murky and buried in bureaucratic technicalities. Being classified as a manufacturer in NAICS codes doesn't necessarily mean you are classified as such in government statistics. Unfortunately, the internal classifications are not publicly disclosed so there is no way of tracking granular specifics at the individual company level.

Another reason to be very careful and precise when drawing conclusions across similar (but not identical) datasets.

 
Top