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  • Beijing Review

    ECONOMY

    Mar 10, 2022 4 minutes

    Manufacturing Hub

    China has maintained its position as the world’s largest manufacturing hub for 12 straight years, the Ministry of Industry and Information Technology (MIIT) said on February 28.

    The value-added output of the manufacturing sector increased 9.8 percent year on year to 31.4 trillion yuan ($4.97 trillion) in 2021, accounting for 27.4 percent of the national GDP, Minister Xiao Yaqing told a press conference.

    Specifically, the output of the hi-tech manufacturing industry went up 18.2 percent, while that of equipment manufacturing increased 12.9 percent, Xiao said, adding that digitalization and green development of the sector had also picked up

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