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Manufacturing reality: Domestic vs foreign consumption gets more complex

The degree of domestic versus foreign contribution to the consumption of a nation's economy

manufacturing sector, economy
premium

The dependence on domestic versus foreign content varies sharply across sectors.

Yash Kumar Singhal New Delhi

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Social media platforms were recently abuzz with videos purportedly of Chinese factory workers and business owners. These posts, emerging amid the intensifying United States (US)-China trade and tariff war, claimed that many ultra-luxury fashion products — such as handbags and apparel from globally renowned brands like Louis Vuitton and Gucci — were being manufactured in China at minimal costs, with the addition of a brand label alone inflating their retail prices to exorbitant levels. 
While these claims remain unverified, they do shed light on a broader and more critical issue: The degree of domestic versus foreign contribution to the consumption