My favorite fact of this past year was the proof that China makes almost nothing out of assembling Apple's iPads and iPhones. It's a favorite because it speaks so directly to one of the great political arguments going on in both the US and the UK. I refer, of course, to this very strange idea that both countries would get (even) richer if only they would do more manufacturing. The paper itself is
![China Makes Almost Nothing Out of Apple's iPads and iPhones](https://cdn-ak-scissors.b.st-hatena.com/image/square/bf6c18565569678d6ed18df7ca97dd962f342921/height=288;version=1;width=512/https%3A%2F%2Fimageio.forbes.com%2Fblogs-images%2Fthumbnails%2Fblog_1560%2Fpt_1560_2195_o.jpg%3Fformat%3Djpg%26height%3D900%26width%3D1600%26fit%3Dbounds)