Manufacturing Biz #2 - Magazine - Page 5
China leads global
manufacturing sector for 14
consecutive years
C
hina has remained the world's
top manufacturing hub for 14
consecutive years, the Ministry of
Industry and Information Technology
(MIIT) has confirmed.
The country's large manufacturing
enterprises, each of which has an
annual main business turnover of at
least 20 million yuan (about 2.8 million
U.S. dollars), saw their combined
value-added output increasing 5
percent year on year in 2023, said Xin
Guobin, vice minister of MIIT, at a press
conference.
The total value-added industrial
output went up 4.6 percent year on
year in 2023, up 1 percentage point
from that of 2022, Xin said. "By the end
of November last year, the number of
large industrial enterprises reached
483,000, up 32,000 from that at the
end of 2022."
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