China's Manufacturing Supremacy: A Chart-Based Narrative
2025-01-04
This column uses the OECD's latest TiVA database to illustrate China's ascent to sole global manufacturing superpower. China's manufacturing output surpasses the next nine largest producers combined. Its industrialization is unprecedented in speed. While China's share of global manufacturing exports has also dramatically increased, its export dependence is decreasing, with domestic consumption playing an increasingly vital role. The article also analyzes the asymmetrical dependence between the US and China in global supply chains, highlighting the challenges and costs associated with decoupling.
(cepr.org)