Posted: February 20th, 2022
World bank has pronounced china as the world’s biggest manufacture, according to the data released in 2016. According to this data, U.S. gross manufacturing added basis was lower than China’s by 49.2%. Manufacturing in china plays a significant role in China than it does in U.S.A.in China is ranked as the highest in the world’s competitiveness index out of 40 countries while the U.S. follows second. China’s manufacturing grew due to advanced manufacturing, a considerable number of students graduating in technology, science, engineering, and mathematics, government policies to promote innovation and availability of labor due to its high population. On the other hand, the U.S. doesn’t have these advantages due to the aging factor, the rising cost of labor, slowing economy, and under capacity in some industries. This factor has considerably put china as the one with high manufacturing capabilities, and it’s even projected to be even a lead in days to come.
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