I agree with you, but it may very will be that Chinese manufacturing is over-represented in the high-volume consumer-goods sector. The US/Japan/Germany may hav

I agree with you, but it may very will be that Chinese manufacturing is over-represented in the high-volume consumer-goods sector. The US/Japan/Germany may have proportionally more of their output in low-volume but massively expensive products, many of which may have little direct consumer exposure.