So, a great way to check the differences in their economy strategies is take a better look on their exports.
As you can see below by the sales volume, China is more focused in the external market than the USA, which relies more in their internal market.
Although China has more focus than USA in industries that require more human resources as footwear, clothing and furniture, China also invested in industries as electronic equipment and machinery, and that destroys the myth that China is not developed in this type of industries.
The USA only has a clear superiority in their exports on aircraft, spacecraft and pharmaceutical products.
Check out below the top exports of USA and China:
USA Top 10 Exports (2013)
1. Machinery: $213,108,199,000 (13.5% of total exports)
2. Electronic equipment: $165,604,449,000 (10.5%)
3. Mineral fuels including oil: $148,426,743,000 (9.4%)
4. Vehicles excluding trains and streetcars: $133,640,479,000 (8.5%)
5. Aircraft and spacecraft: $115,380,944,000 (7.3%)
6. Optical, technical and medical apparatus: $84,281,276,000 (5.3%)
7. Pearls, precious stones, precious metals and coins: $72,830,232,000 (4.6%)
8. Plastics: $60,836,970,000 (3.9%)
9. Organic chemicals: $46,510,903,000 (2.9%)
10. Pharmaceutical products: $39,742,717,000 (2.5%)
China Top 10 Exports (2013)
1. Electronic equipment: $561,703,550,000 (25.4% of total exports)
2. Machinery: $383,310,504,000 (17.3%)
3. Knit or crochet clothing and accessories: $96,810,372,000 (4.4%)
4. Furniture, lighting, signs and prefabricated buildings: $86,435,683,000 (3.9%)
5. Optical, technical and medical apparatus: $74,689,712,000 (3.4%)
6. Non-knit and non-crochet clothing and accessories: $68,271,919,000 (3.1%)
7. Plastics: $61,775,281,000 (2.8%)
8. Vehicles excluding trains and streetcars: $58,588,779,000 (2.7%)
9. Iron or steel articles: $57,368,576,000 (2.6%)
10. Footwear: $50,766,207,000 (2.3%)
Exports data source: World’s Top Exports
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