Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

High-tech injects impetus into "Made in China"

September 19, 2019


Abstract : With an over 970-fold increase in its industrial output between 1952 and 2018, China has emerged as the world's manufacturing hub, and growing sci-tech strength has brought qualitative changes to "Made in China."

BEIJING, Sept. 18 (Xinhua) -- With an over 970-fold increase in its industrial output between 1952 and 2018, China has emerged as the world's manufacturing hub, and growing sci-tech strength has brought qualitative changes to "Made in China."

FROM BACKWARD MANUFACTURER TO FRONT-RUNNER

The country's value-added industrial output, an important economic indicator, had surged to over 30 trillion (about 4.2 trillion U.S. dollars) in 2018 from 12 billion yuan in 1952, official data showed.

Due to weak industrial infrastructure and backward technologies in the early days of the People's Republic of China, the country could only manufacture few textile products and even had to import leather shoes and soaps from other countries.

World Bank data showed that China overtook the United States as the world's largest manufacturing country in terms of added value in 2010 and has retained first place ever since.

Among over 500 kinds of major industrial products announced by the United Nations, China sees its output of more than 220 kinds rank first globally, with its modern industrial system taking shape.

In 2017, China's manufacturing value-added accounted for 27 percent of the world's total, making it a major powerhouse of global industrial growth.

FROM "MADE IN CHINA" TO "CREATED IN CHINA"

China's high-tech manufacturing led the overall industrial output growth with its 6.1-percent increase in August, demonstrating renewed momentum of industrial upgrading, according to the National Bureau of Statistics.

Decades ago, more than 80 percent of China's export commodities were primary products, whereas high-tech and high-value-added products are now becoming mainstream.

In 2018, the country's exports of mechanical and electrical products reached 9.6 trillion yuan, accounting for nearly 60 percent of China's total export value, official data showed.

China dominated the list of the world's fastest supercomputers by the number of systems for the fourth consecutive year, according to a semiannual ranking of the Top 500 published earlier this year.

International supercomputing scientist Erich Strohmaier said that China, which tops the supercomputer list with 219 systems, has become a major producer and consumer of global supercomputing systems.

China had 934,000 valid invention patents in industries above the designated size in 2017, making it the second-largest international patent filer of the year, said a report released by the World Intellectual Property Organization.

Seventy years on, the country's industrial innovation capability continues to improve, and the "world factory" is advancing towards new heights of innovation.

Scan the QR code and push it to your mobile phone

Keyword: China high-tech

Reading:

China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity bears fruits in multiple fields

China central bank drains no liquidity from market

Key components of China's 600 kph maglev train unveiled

Zambia-China economic cooperation zone continues to attract investment: official

2nd int'l green energy development conference to be held in E China's Yangzhong in Oct.

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial