Stay Prepared for Global Supply Chain Reshaping
China has been integrating into the global supply chain since its accession to the World Trade Organization in 2001. In 2010, its manufacturing added value exceeded that of the United States to top the world. Nine years later, this figure reached those of the U.S., Japan and Germany combined, accounting for 28.1 percent of the world’s total.
Among the 500 major industrial products, China ranks first in the output of more than 220. Not only is the nation the largest source of major industrial products in the international supply chain, it’s also the largest market.
