{"id":1506628,"date":"2024-12-07T20:45:00","date_gmt":"2024-12-08T01:45:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1506628"},"modified":"2024-12-07T20:45:00","modified_gmt":"2024-12-08T01:45:00","slug":"china-is-the-worlds-manufacturing-superpower","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/china-is-the-worlds-manufacturing-superpower\/1506628\/","title":{"rendered":"China Is The World&#8217;s Manufacturing Superpower"},"content":{"rendered":"<p><span class=\"field field--name-title field--type-string field--label-hidden\">China Is The World&#8217;s Manufacturing Superpower<\/span><\/p>\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p>According to data published by the\u00a0<a href=\"https:\/\/unstats.un.org\/unsd\/snaama\/\">United Nations Statistics Division<\/a>, <strong>China accounted for 31 percent of global manufacturing output <\/strong>in 2022.<\/p>\n<p><a href=\"https:\/\/www.statista.com\/chart\/20858\/top-10-countries-by-share-of-global-manufacturing-output\/\">As Statista&#8217;s Felix Richter shows in the chart below<\/a>,<strong> that puts the country almost 15 percentage points ahead of second-placed United States, <\/strong>which used to have the world\u2019s largest manufacturing sector until China overtook it in 2010.<\/p>\n<p><a href=\"https:\/\/www.statista.com\/chart\/20858\/top-10-countries-by-share-of-global-manufacturing-output\/\" title=\"Infographic: China Is the World's Manufacturing Superpower | Statista\"><\/a><\/p>\n<p><em>You will find more infographics at <a href=\"https:\/\/www.statista.com\/chartoftheday\/\">Statista<\/a><\/em><\/p>\n<p>With total value added by the\u00a0<a href=\"https:\/\/www.statista.com\/topics\/753\/china\/\">Chinese<\/a>\u00a0manufacturing sector amounting to more than $5 trillion in 2022, <strong>manufacturing accounted for nearly 30 percent of the country\u2019s total economic output.<\/strong><\/p>\n<p><strong>The U.S. economy is much less reliant on manufacturing these days<\/strong>: in 2022, the manufacturing sector accounted for just over 10 percent of the country&#8217;s gross domestic product.<\/p>\n<p>China&#8217;s global manufacturing dominance is so large that the value added in its manufacturing sector roughly matches the combined output of the next seven largest manufacturing countries in the world.<\/p>\n<\/div>\n<p>      <span class=\"field field--name-uid field--type-entity-reference field--label-hidden\"><a title=\"View user profile.\" href=\"https:\/\/cms.zerohedge.com\/users\/tyler-durden\" class=\"username\">Tyler Durden<\/a><\/span><br \/>\n<span class=\"field field--name-created field--type-created field--label-hidden\">Sat, 12\/07\/2024 &#8211; 15:45<\/span><\/p>\n<p>\u200b<a href=\"https:\/\/www.zerohedge.com\/geopolitical\/china-worlds-manufacturing-superpower\" target=\"_blank\" class=\"\" rel=\"noopener\">https:\/\/www.zerohedge.com\/geopolitical\/china-worlds-manufacturing-superpower<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>China Is The World&#8217;s Manufacturing Superpower According to data published by the\u00a0United Nations Statistics Division, China accounted for 31 percent of global manufacturing output in&#8230;<\/p>\n","protected":false},"author":0,"featured_media":1506629,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1506628","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1506628","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1506628"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1506628\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1506629"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1506628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1506628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1506628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}