FT: China surpasses the United States as the world’s leading manufacturer as measured by output. 

STL P-D: An excellent look at how trade laws ensure a level playing field for St. Louis-area workers and businesses.

Meanwhile, an appellate body at the World Trade Organization rules against (WSJ) the United States in a trade law case regarding China.  The Steelworkers respond (PR-USA).  

NYT: China’s Premier, Wen Jiabao, says the Yuan will not appreciate any faster. 

Is there a “gradual revolution” in China? One professor thinks so. Evolving Excellence thinks potential turmoil in China will make it a riskier bet for outsourcing (EE). 
 
WaPo: Steve Pearlstein busts some myths about globalization, including the chimeras that outsourcing creates jobs and industrial policy doesn’t work. 

NYT: One impact of the horrendous tsunami and earthquake in Japan: its auto industry is temporarily shut down. 

WSJ: What will the unemployment rate be on Election Day in 2012?  One prediction is 7.7%, the highest since Jimmy Carter defeated Gerald Ford in 1976.