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China's manufacturing industry is already the core component of the world, and Europe and the United States are inseparable.
Recently, Europe has discovered that there is no capacity to pull back epidemic prevention materials purchased from China. The United States is also buying large quantities of Chinese daily necessities.In order to prevent the second wave of the epidemic, Europe has successively ordered a large number of materials from China, including protective clothing, medical masks, and disinfectants. When these materials were shipped to the European market, they were almost immediately sold out, and the transportation costs were also high. It's expensive. Recently, however, even the transportation capacity has disappeared. Freight charges from China to Europe and the United States have skyrocketed, and even relevant departments in China and the United States are asking why shipping companies have increased their prices so drastically. The reason is that the epidemic is serious and Europe and the United States are increasingly dependent on Chinese-made daily necessities. high. Europe and the United States are purchasing aggressively, so China's manufacturing industry continues to run fast.
The National Bureau of Statistics of China earlier announced that the manufacturing PMI in November was 52.1, which was 0.7 percentage points higher than that in October and rose to a new high since October 2017. In November, the PMI of Caixin China's manufacturing industry was 54.9, an increase of 1.3 percentage points from October, and the highest value in a decade since December 2010, which exceeded the industry estimate.
According to statistics from Nikkei, China's exports accounted for more than 20% of global foreign trade from April to September. It is certain that China's manufacturing industry exceeds 30% of the global share this year. The Nikkei report also cited the results of a survey conducted by the Geneva-based International Trade Center on approximately 3,800 export commodities worldwide. The survey shows that in 2019, China accounted for more than 50% of the export share of 320 kinds of commodities, which is a significant increase from 61 when China joined the World Trade Organization in 2001.
At present, Japan accounts for about 6% of the global manufacturing industry, and South Korea’s is about 2.5%; China’s population is more than 10 times that of Japan and 20 times that of South Korea. According to the ratio of Japan and South Korea, the final output of China’s industry accounts for 40-50% of the world Just like steel, aluminum, cement, mobile phones, home appliances, etc., it is reasonable to have more than half of the world.
China's basic civil industry will continue to develop greatly. AI and 5G are also fast, and may continue to confront each other. Ten years later, the United States may be the Soviet Union, with the loss of civilian industries and the remaining military industries.
Of course, our solid industrial achievements are the result of our citizens. In the future, we will also make breakthroughs in the high-tech field and continue to become the world's high-tech product supply base. This is also the only way for a major country to develop.
