US ambassador warns of China's growing manufacturing dominance

BEIJING  — The top U.S. envoy to China called Thursday for fair and reciprocal trade between the world's two largest economies and expressed concern about projections that China's dominance of global manufacturing will grow even further in the years to come.U.S. Ambassador David Perdue told business and government leaders in Beijing that China should be congratulated on becoming a manufacturing powerhouse, but echoed fears in Europe and elsewhere that China's exports pose a threat to factories and jobs in other countries.“This is not healthy for the rest of the world,” he said in remark…READ FULL ARTICLE