The Payoff for Chinese Protectionism

Alan Tonelson
Wednesday, April 01, 2009
GLOBAL PRODUCTION TRENDS
U.S. industrial production, Jan. 2008-Jan. 2009: –10.73%
Chinese industrial production, Jan. 2008-Jan. 2009: +3.8%
Sources: Calculated from “Industrial Production: Market, Industry Groups, and Individual Series,” Data from January 1986 to present (Tables 1, 2, and 10), G.17 Industrial Production and Capacity Utilization, Federal Reserve Statistical Release, Board of Governors of the Federal Reserve System, http://www.federalreserve.gov/releases/g17/table1_2.htm; “Factbox: Records shatter as financial crisis rewrites history,” Reuters, April 1, 2009, http://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUSL140975720090401
Alan Tonelson is a Research Fellow at the U.S. Business & Industry Educational Foundation and the author of The Race to the Bottom: Why a Worldwide Worker Surplus and Uncontrolled Free Trade are Sinking American Living Standards (Westview Press).