China’s dominance in global industrial production is nothing short of remarkable. Today, China accounts for 27% of global industrial production, up from 24% in 2018. By 2030, the UN predicts that China’s share of industry will have risen to 45%. This significant increase underscores China’s position as the world’s manufacturing superpower.
In 2024, China’s industrial sector saw a year-on-year increase of 5.8%, with the value-added industrial output reaching RMB 38 trillion. This level of industrial activity highlights China’s ability to maintain substantial growth despite global economic challenges.
The value added by China’s manufacturing sector in 2024 amounted to over $4.9 trillion, representing nearly 30% of the country’s total economic output. This level of industrial activity is so substantial that it matches the combined output of the next seven largest manufacturing countries in the world.
China’s manufacturing output has seen fluctuations, with a notable increase in 2024 compared to the previous year. Despite this, the country’s manufacturing sector remains a critical component of its economy, contributing significantly to its GDP.
Recent data from the National Bureau of Statistics highlights the ongoing importance of manufacturing to China’s economy. In the third quarter of 2024, the manufacturing GDP was RMB 12.65 trillion, accounting for 37.6% of the total GDP. This demonstrates the sector’s resilience and its pivotal role in driving economic growth.
In conclusion, China’s industrial production continues to be a powerhouse on the global stage. The country’s ability to maintain such a high level of manufacturing output, despite economic fluctuations, is a testament to its industrial strength and strategic economic planning.
Sources:
https://x.com/ecommerceshares/status/1879888273340043465
https://www.statista.com/chart/20858/top-10-countries-by-share-of-global-manufacturing-output/
https://www.macrotrends.net/global-metrics/countries/CHN/china/manufacturing-output
https://www.china-briefing.com/news/china-manufacturing-industry-tracker-2024-25/
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