By DONNA BALANCIA
Remember the days when people used to make Christmas tree ornaments?
Today, expect that more than half of the ornaments on the typical Christmas tree – and the tree itself – are not made in America, but instead, in a Chinese factory.
The retail market for seasonal decorations has expanded into a $24 billion a year business, and it is growing at a rate of roughly 6 percent a year and most of that cash is going straight to China, according to reports.
Time-crunched Americans, who are spending more than ever – and getting less for their dollar, continually turn to big-box retailers for holiday decorations. Giant discounters like Wal-Mart and Target – filled with Chinese goods – dominate the U.S. retail market. There is no end in sight to demand as domestic consumers rate price a more important factor than quality, reports indicate.