🌏🚀 China continues to anchor the world's manufacturing networks like a smartphone holds your life together 🏭—and new data shows it’s not slowing down. A Boao Forum for Asia report released Tuesday reveals that global reliance on China for critical production components has outpaced North America, clocking in at 16% vs. 15% in 2023.
📈 The ‘Asian Economic Outlook and Integration Progress 2025’ report highlights that U.S. trade policies since 2018 failed to dent China’s dominance. Instead, the gap between the two widened, with China leading in 20 of 22 top-traded intermediate goods—think tech components, machinery parts, and more.
💡 “Even with some shifts in global supply chains since 2021, China’s role remains pivotal,” the report notes. Tech-heavy sectors like semiconductors and green energy are doubling down on Chinese production hubs 🖥️⚡.
🔍 Analysts point to China’s “unmatched ecosystem”—from skilled labor to cutting-edge logistics—as key to its staying power. As one expert put it: “Relocating factories is easy. Replicating decades of infrastructure and expertise? Not so much.”
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Report: China remains center of global manufacturing value chains
cgtn.com