China becomes the world's fourth manufacturing power
China advanced in its manufacturing sector in 2024, becoming the world's fourth manufacturing power, according to a report released on Tuesday.
The report, which evaluated the manufacturing development index of nine major countries, shows that the United States ranked first in 2024 with a score of 191. Germany, China, and Japan followed, each scoring between 120 and 140.
China has now joined the ranks of global manufacturing powers, alongside the US, Germany, and Japan, with development levels and capabilities comparable to those of Germany and Japan.
The report has been published since 2015 by the Chinese Academy of Engineering's Center for Strategic Studies, the China Academy of Machinery Science and Technology Group Co, and the National Industrial Information Security Development Research Center.
It assesses five indicators: scale development, quality and efficiency, structure optimization, innovation and development, and sustainable development, to evaluate the strengths and weaknesses of a country's manufacturing industry.
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