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China's manufacturing industry accounts for over 1/5 of the world's added value_ manufacturing

2023-10-31

It is an undeniable fact that China is known as a "manufacturing powerhouse". According to statistics, after numerous industrial products, there are over 220 types of products in China that rank first in the world. The net export of manufacturing industry ranks first in the world, and the added value of manufacturing industry accounts for 20.8% of the world.

Ma Jiantang, Director of the National Bureau of Statistics of China, recently wrote an article in People's Daily introducing the economic achievements of the People's Republic of China in the 65 years since its establishment. He said, "The Chinese people have created an admirable 'Chinese miracle' in the history of world economic development with their diligence, resilience, and wisdom

The article states that since the implementation of China's reform and opening up policy, China's industrial strength and international competitiveness have significantly improved. "Made in China" is renowned worldwide, and the industrial structure has evolved from a single category to a diverse variety, moving from low-end to mid to high-end. According to data from the World Bank's Weibo account, China's manufacturing industry currently accounts for 20.8 percentage points of the world's added value.

According to the National Bureau of Statistics, in 2013, China achieved an industrial added value of 21070 billion yuan, with the added value of industries above designated size increasing by 9.7 percentage points compared to the same period last year.

According to the United Nations Industrial Development Organization, China's industrial competitiveness index currently ranks seventh out of 136 countries, with net exports of manufacturing ranking first globally. According to the international standard industrial classification, China ranks first in 7 out of 22 major categories, and its production of over 220 industrial products such as steel, cement, and automobiles ranks first in the world.

In recent years, China has been transitioning and upgrading from "Made in China" to "Created in China", proposing the implementation of an innovation driven development strategy. The article points out that in 2013, the total expenditure on research and experimental development (R&D) in society was 1184.7 billion yuan, an increase of 33 times from 1995 20 years ago, with an average annual growth rate of 21.6%; The proportion of R&D expenditure to GDP is 2.08%, an increase of 1.51 percentage points compared to 1995.

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