Image default
Greek News

China is the world’s manufacturing superpower (infographic)

While the economic fallout of the coronavirus outbreak will undoubtedly be most severe in China, the negative effects of the pandemic won’t be confined by the Great Wall. After all, China is the world’s manufacturing hub and the ripple effect of shutdowns across the country is already leading to supply constraints in various industries all around the globe.

According to data published by the United Nations Statistics Division, China accounted for 28 percent of global manufacturing output in 2018. That puts the country more than 10 percentage points ahead of the United States, which used to have the world’s largest manufacturing sector until China overtook it in 2010.

With total value added by the Chinese manufacturing sector amounting to almost $4 trillion in 2018, manufacturing accounted for nearly 30 percent of the country’s total economic output. The U.S. economy is much less reliant on manufacturing these days: in 2018, the manufacturing sector accounted for just 11 percent of GDP in the world’s largest economy.

source statista

Infographic: China Is the World's Manufacturing Superpower | Statista

You will find more infographics at Statista

Σχετικα αρθρα

iPhone XR sold 46.3 million units in 2019

admin

Is Germany heading into a recession? (infographic)

admin

Tesla plans to produce 500.000 cars a year in Germany

admin

World’s largest car manufacturers by revenue (infographic)

admin

Energean buys Total’s share of Ionian Sea’s Block 2

admin

Greek shipowners outspend the Chinese paying $ 2.5 billion for ship acquisition

admin

iPhone Share of Apple Sales Drops to 7-Year Low (infographic)

admin

Instagram vs. YouTube vs. Facebook: Which is the best for marketing? (infographic)

admin

Greece’s ancient power is in crisis on climate-cost collision

admin

Cyprus: €2,5bn Russian loan repaid two years early

admin

Greece: Early IMF repayment completed

admin

Greek government plans to inject a total of 10bn euros into economy amid coronavirus pandemic

admin

PM Mitsotakis lauds historic 10-year-bond low

admin

The 15 support measures of the 24-billion package in detail

admin

Turkey’s economy similar to before 2001 financial crash: Ex-central bank governor

admin

The US is the biggest importer of wines from the EU (infographic)

admin

Precision farming “saved” extra virgin olive oil, Greek producers say

admin

First tenders for 10 regional ports in Greece in Q1 2020

admin