In 2021, the added value of global manufacturing is $16.35 trillion. Among them, the added value of China's manufacturing is far ahead, reaching 4.86 trillion US dollars, an increase of 25.9% over the previous year, accounting for 29.75% of the added value of the world's manufacturing industry, which is the sum of the United States, Japan, Germany and South Korea.
Looking at the world today, China, the United States, Japan, Germany and South Korea are the top 5 countries in manufacturing. And China is the first of the top five. It can be said that nearly half of the world's commodities are now produced in China, and the importance and strength of Chinese manufacturing can be seen.
India has always dreamed of replacing Chinese manufacturing, but in fact, Indian manufacturing is not as good as South Korea, even the world's top 5 have not entered, what to compare with China? It can be seen that it is still too far away to replace China.
Moreover, compared with China, the proportion of the United States, Japan, Germany and South Korea in the added value of the world's manufacturing industry last year has declined compared with previous years, because the rise in Chinese manufacturing is unstoppable. Now China's manufacturing is not only getting bigger and bigger, the category is getting more and more complete, but also moving towards high-end, I am afraid that other countries in the country are even more unable to catch up.
I don't know what everyone thinks?