According to the British "Financial Times" reported on the 11th, due to the deceleration of economic growth in the United States, in 2009 China is expected to surpass the United States to become the world's largest manufacturing country, four years ahead of previous expectations.
This is predicted by the US authoritative research institution Global Insight. The agency expects that the added value of global manufacturing will reach 11.783 trillion US dollars next year, China will occupy 17%, and the United States will retreat to the second, at 16%. Last year, the United States ranked first, accounting for one-fifth; China accounted for 13.2%, ranking second.
Just last year, the institution’s economists also insisted that the leading position of the US manufacturing industry is expected to be maintained until 2013. However, as the U.S. economic growth slowed down, they drastically lowered their expectations for U.S. manufacturing output value for the next two years.
In the past 20 years, China's manufacturing-led economy has developed rapidly. In 1990, China’s manufacturing output only accounted for 3% of the world’s output.
This is predicted by the US authoritative research institution Global Insight. The agency expects that the added value of global manufacturing will reach 11.783 trillion US dollars next year, China will occupy 17%, and the United States will retreat to the second, at 16%. Last year, the United States ranked first, accounting for one-fifth; China accounted for 13.2%, ranking second.
Just last year, the institution’s economists also insisted that the leading position of the US manufacturing industry is expected to be maintained until 2013. However, as the U.S. economic growth slowed down, they drastically lowered their expectations for U.S. manufacturing output value for the next two years.
In the past 20 years, China's manufacturing-led economy has developed rapidly. In 1990, China’s manufacturing output only accounted for 3% of the world’s output.
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