The Straits Times
www.straitstimes.com
Published on Sep 23, 2012
 

'Made in America' more attractive to manufacturers

 
 

NEW YORK (AFP) - Watch out China and Canada, "Made in America" has an attractive ring to it these days.

Four years after the height of the financial crisis, marked by a drastic drop in salaries, the United States is again finding favour among manufacturers.

Out on the campaign trail ahead of the Nov 6 elections, President Barack Obama has picked up on the point to convince voters that the US economy is back on track.

"After years of undercutting the competition, now it's getting more expensive to do business in places like China," he said in May, adding that both wages and shipping costs were up in the single-party state known for attracting foreign firms that often subsequently cut jobs back home.