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“Made in China” Manufacturing is Not Going Anywhere

China has been a powerhouse in the manufacturing industry for decades. Industry Week recently surveyed manufacturers in China and the USA and determined that 54% of China manufacturers have innovation as their top objective compared to 26% of U.S. manufacturers.

China Manufacturers Have Innovations as Top Objective

54%

U.S. Manufacturers Have Innovations as Top Objective

26%

 

Plants in China invest heavily in infrastructure and some of the manufacturing plants are more modern than the most developed countries in the world. Going from less than 3% in the early ‘90s to now producing roughly 25% of the global manufacturing output is no small feat.

Infrastructure Progress in China ('90s)

3%

Infrastructure Progress in China (Today)

25%

 

China accounts for half of the total global manufacturing output of “Factory Asia”, a common name in correlation to the continent’s cross-border supply chains in Taiwan, South Korea, Japan, and now a much staggering significance in China.

Total Global Manufacturing Output (China)

50%

Total Global Manufacturing Output (All Other Countries)

50%

However, it is one thing to get to the top while it is another to stay at the top. This year, the Chinese government has declared China’s projected growth to be around 7%, which would be the lowest it has been in more than 20 years. Nevertheless, China is and will still prove to be the leading hub for manufacturing.

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