…but, we are a bunch of entrepreneurs so we thought this might be of interest to you. This is a really cool chart showing China’s share of global manufacturing output climbed from 3 percent to more than 30 percent, while the United States loses it’s leadership position. In 2000, the U.S. share of global manufacturing had been at 26 percent, but China’s accession to the World Trade Organization (WTO) in 2001, which opened the country up to the world economy, quickly changed the balance of power.  China’s current status as “the world’s factory” is one of the reasons why the economic fallout of the ongoing Covid-19 pandemic was felt around the world, and still is. Many of the world’s largest consumer brands are relying on Chinese manufacturing and are still grappling with supply constraints caused by lockdowns and factory closures across the country. See cool chart here.



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