China equals 30% of world manufacturing
According to the latest industry regulator report, China contributed 30 percent of global manufacturing output in 2021, up from 22.5 percent in 2012.
In 2012, the value-added output of manufacturing was 16.98 trillion yuan (about USD 2.5 trillion), while in 2021, it was 31.4 trillion yuan.
Geopolitical conflicts and COVID-19 resurgence have added downward pressure on the industrial economy, but their impact would be temporary,
With continuous support policies, the industrial economy is expected to return to its normal pace in the near future.