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automation
Business / 28 weeks ago
Why China dominates global manufacturing
China continues to assert its dominance as the world’s manufacturing powerhouse, accounting for 29% of the global manufacturing value, according to the latest data from the United Nations. This figure places China significantly ahead of the United States (17%), Japan (5%), and Germany (5%). In 2023, China’s manufacturing output soared to $4.8 trillion, accounting for 27% of the country’s GDP—a testament to its vast industrial capacity and deep supply chain integration.
