China's crane manufacturing sector accounts for more than 20% of the global value added.

Release time:2020-02-13

Recently, the added value of China's crane manufacturing industry has accounted for more than a global share. 20%

  China has truly become a "manufacturing powerhouse," 220 China ranks first in the world in the production of various industrial products, leads globally in manufacturing net exports, and accounts for a significant share—reaching [specific percentage]—of the global value added in crane manufacturing. 20.8%

  Recently, Ma Jiantang, Director of China's National Bureau of Statistics, wrote an article introducing the founding of New China. 65 Over the years, China's economic achievements have been hailed as the "China Miracle"—a remarkable feat in the history of global economic development, credited to the Chinese people's diligence, resilience, and ingenuity.

  The article states that since the reform and opening-up policy, China's industrial strength and competitiveness have further strengthened, with "Made in China" earning global recognition. Meanwhile, the country's industrial structure has evolved from being narrowly focused to comprehensive, shifting from low-end manufacturing toward mid-to-high-end production. According to World Bank data, China’s manufacturing value-added now accounts for a significant share—over—in the global economy. 20.8%

  According to data from the United Nations Industrial Development Organization, China's current industrial competitiveness index is 136 The country ranks seventh globally, and its manufacturing sector boasts the world's largest net exports.

  According to the International Standard Industrial Classification, 22 Among the major categories, China is in 7 Ranking first among major categories—such as steel, cement, and automobiles 220 Several industrial products rank first in the world in terms of output.

  In recent years, China has been transitioning and upgrading from "Made in China" to "Created in China," advocating the implementation of an innovation-driven development strategy. The article points out that 2013 Year, total societal expenditure on research and experimental development 11847 Hundreds of millions of yuan, compared to 1995 Year-over-year growth 33 Twice, with an average annual growth 21.6%; R&D Funding expenditure accounts for GDP Its proportion is 2.08% , than 1995 Yearly increase 1.51 Percentage points.

  Ma Jiantang pointed out that China's economic development has achieved remarkable success, attributing it to the "four unwavering commitments": first, always upholding the leadership of the Communist Party; second, consistently adhering to the system of socialism with Chinese characteristics; third, firmly committing to liberating and enhancing social productivity; and fourth, persistently pursuing reform and opening-up.

Keywords: China's crane manufacturing sector accounts for more than 20% of the global value added.

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