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TechTrends e-Newsletter 1 February 2003 Page 1 of 6 hiFORMATION minnesot . r a. .. Print Close • a publication of T H Minnesota chnoIog Inc.0 I re n d s Volume 4, Issue 2 February 2003 u China Pressure Builds New Minnesota Technology, Inc. survey finds that state manufacturers face growing competition from China. More than half of all manufacturing firms in Greater Minnesota are facing intense competition from Chinese companies, according to a survey conducted by Minnesota Technology, Inc. in January. According to the survey, 52 percent of manufacturers are facing competition from China, and 50 percent feel that China's growing manufacturing capabilities have hurt their businesses. The survey targeted manufacturing sectors from which researchers for the U.S. 411 Trade Deficit Review Commission had identified significant production shifts from the United States to China. Of the respondents who said competition from China had hurt their business, 60 percent noted that they had lost business. When asked to estimate the loss in sales, respondents on average estimated they would lose about 20 percent of their business in 2003-with larger losses expected over the next several years. Finally, while China was the most frequently named competitor, manufacturers also indicated increasing competition from a number of other countries, including Mexico, Taiwan, and Canada. Here is a sample of the results. For more complete results, go to http://www.minnesotatechnology.org/publications/reports Is your company facing competition from manufacturing firms 151 operating in China? respondents Yes 52% No 47% Don't Know 1% What impact has China's stronger manufacturing presence had 151 on your business? respondents Benefited you 12% Had no impact upon you 42% 0 Hurt you 50% Why has China's manufacturing presence hurt your business? 75 http://www.minnesotatechnology.org/publications/techtrends/2003/February/printVersion.asp 3/5/2003