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China operates the world's longest and most extensive high speed rail network, which spans 45,000 kilometers. [44] China is the world's largest manufacturing industrial economy and exporter of goods. China is widely regarded as the "powerhouse of manufacturing", "the factory of the world" and the world's "manufacturing superpower". [45]
A 50 MW molten-salt power tower in Hami, Xinjiang, China. The industrial sector comprised 38.3% of the gross domestic product (GDP) of China in 2023. [1] China is the world's leading manufacturer of chemical fertilizers, cement and steel. Prior to 1978, most output was produced by state-owned enterprises.
China has been ranked as the world's largest manufacturer since 2010. [4] The industry began to grow at the turn of the 20th century, until the production of cotton yarn made up about 20% of China's total modern industrial output in that century. [5] Stimulated by WWI, the industry expanded rapidly until the depression in the thirties.
Survey shows China's manufacturing contracted in June as export orders decreased. June 29, 2023 at 11:46 PM. BEIJING (AP) ...
By 1986 China had over 6,200 foreign-funded businesses, including 2,741 joint ventures, 3,381 cooperatively managed businesses, and 151 enterprises with sole foreign investment. Of the joint ventures, 70 percent were in production enterprises (manufacturing or processing) and 30 percent were service industries (primarily hotels or tourism).
By early 1980, the country had access to the equivalent of almost US$30 billion in foreign loans and credits termed through 1985. China also sought foreign capital by encouraging joint-venture projects between Chinese and foreign enterprises. But, in early 1986, foreign companies viewed China as a high-cost and high-risk investment area.
China was the top exporter of steel in the world in 2008. Export volumes in 2008 were 59.23 million tons, a 5.5% fall over the previous year. [18] The decline ended China's decade-old steel export growth. As of 2012 steel exports faced widespread anti-dumping taxes and had not returned to pre-2008 levels.
Made in China or Made in PRC is a country of origin label, often in English, affixed to products wholly or partially made in the People's Republic of China (PRC). The label became prominent in the 1990s, when foreign companies based in the United States, Europe, and Asia moved their manufacturing operations to China due to China's low ...