China's Industrial Manufacturing Capabilities
26 December 2024
China's industrial manufacturing capabilities are in a leading position globally, mainly reflected in multiple aspects.
Firstly, the overall scale and output of China's manufacturing industry are leading globally. China's industrial added value has increased from 12 billion RMB in 1952 to 39.9 trillion RMB in 2023, ranking first in the world in terms of overall scale for 14 consecutive years. More than 40% of the 500 major industrial products have the highest production volume in the world. In addition, China's manufacturing output value will reach 5.06 trillion US dollars in 2022, accounting for almost one-third of the global output value, far exceeding the sum of the United States, Japan, and Germany.
Secondly, China has made significant progress in high-end equipment manufacturing and innovation. Since November 2012, the added value of China's equipment manufacturing industry above designated size has grown at an average annual rate of 8.7%. In 2023, the added value of equipment manufacturing industry accounted for 33.6% of the added value of industrial enterprises above designated size, an increase of 5.4 percentage points from 2012. In the field of high-end equipment manufacturing, China has made significant breakthroughs in manned spaceflight, lunar exploration projects, quantum communication, manned deep-sea diving, supercomputers, and other areas. At the same time, new generation information technologies such as big data, cloud computing, and the Internet of Things have been deeply applied in the manufacturing industry, promoting the development of intelligent manufacturing.
In addition, China has also shown impressive performance in the new energy industry and intelligent transformation. In 2023, the production of "new three" products such as new energy vehicles, solar cells, and lithium-ion power batteries for automobiles will grow rapidly, increasing by 30.3%, 54.0%, and 22.8% respectively. In terms of intelligent transformation, China's industrial Internet has achieved full coverage of industrial categories, the total scale of computing power ranks second in the world, and the installed capacity of industrial robots accounts for more than 50% of the world.
Finally, the industrial chain and market advantages of China's manufacturing industry are one of the key factors for its success. China has a complete industrial system that can provide comprehensive production and manufacturing capabilities. From raw materials and components to final product production, self-sufficiency or nearby procurement can be achieved, reducing production costs and risks. This economies of scale make Chinese made products competitive in the global market.
#manufacture #capability #industry #equipment manufacturing #production #china supplier #supply chain #industrial chain #globally
https://youtu.be/DssTZJl138c
Firstly, the overall scale and output of China's manufacturing industry are leading globally. China's industrial added value has increased from 12 billion RMB in 1952 to 39.9 trillion RMB in 2023, ranking first in the world in terms of overall scale for 14 consecutive years. More than 40% of the 500 major industrial products have the highest production volume in the world. In addition, China's manufacturing output value will reach 5.06 trillion US dollars in 2022, accounting for almost one-third of the global output value, far exceeding the sum of the United States, Japan, and Germany.
Secondly, China has made significant progress in high-end equipment manufacturing and innovation. Since November 2012, the added value of China's equipment manufacturing industry above designated size has grown at an average annual rate of 8.7%. In 2023, the added value of equipment manufacturing industry accounted for 33.6% of the added value of industrial enterprises above designated size, an increase of 5.4 percentage points from 2012. In the field of high-end equipment manufacturing, China has made significant breakthroughs in manned spaceflight, lunar exploration projects, quantum communication, manned deep-sea diving, supercomputers, and other areas. At the same time, new generation information technologies such as big data, cloud computing, and the Internet of Things have been deeply applied in the manufacturing industry, promoting the development of intelligent manufacturing.
In addition, China has also shown impressive performance in the new energy industry and intelligent transformation. In 2023, the production of "new three" products such as new energy vehicles, solar cells, and lithium-ion power batteries for automobiles will grow rapidly, increasing by 30.3%, 54.0%, and 22.8% respectively. In terms of intelligent transformation, China's industrial Internet has achieved full coverage of industrial categories, the total scale of computing power ranks second in the world, and the installed capacity of industrial robots accounts for more than 50% of the world.
Finally, the industrial chain and market advantages of China's manufacturing industry are one of the key factors for its success. China has a complete industrial system that can provide comprehensive production and manufacturing capabilities. From raw materials and components to final product production, self-sufficiency or nearby procurement can be achieved, reducing production costs and risks. This economies of scale make Chinese made products competitive in the global market.
#manufacture #capability #industry #equipment manufacturing #production #china supplier #supply chain #industrial chain #globally
https://youtu.be/DssTZJl138c