The Boston Consulting Group --- Shopping art Wal-Mart in the United States or at Carrefour in Europe will give you the wrong idea about where China's threat to U.S. and European manufacturing lies. Most made-in-China consumer goods on those shelves represent industries that left the United States and Europe years ago. A major study by The Boston Consulting Group, currently under way, suggests that the real contest between Western and Chinese factories is taking shape over industrial goods- a $2 trillion market whose products range from small motors and oscilloscopes to locomotives. For goods such as these, the West's much-vaunted technological edge and resulting productivity advantage have kept production safe at home - until recently.
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