Top 3 Major Industries in China 2023
General

China has many prominent industries, spanning from production to services. Among them, the manufacturing, service and agriculture sectors are the biggest ones. Understanding China’s major industries is key to understanding the economy of this giant.

Manufacturing

Manufacturing plant

China holds the distinguished title of "the world's factory," and for a compelling reason. It boasts the world's largest manufacturing sector, accounting for a staggering 28.7% of global manufacturing output in 2019. By 2021, an estimated 441.5 thousand industrial enterprises in China generated a colossal $4,865.83 billion for the country. This sector's growth continues to shape international trade and supply chains, making China an indispensable manufacturing hub.

Service

chinese barista

While manufacturing is a dominant force, China's service industry is equally impressive. It contributes 55% to the nation's GDP and provides employment for 48% of its population. The service sector in China encompasses a diverse range of industries, including warehousing and transport services, information services, securities and other investment services, professional services, waste management, health care, social assistance, and arts and entertainment. The massive population base in China ensures a continuous influx of customers, driving the sector's growth.

Agriculture

crop planting

With its astounding 9.597 million km² landmass and taking the 2nd place in the world in terms of territory, it is no surprise China’s agriculture sector is a vibrant landscape. China’s main crops encompass wheat, corn, soybeans, barley, kaoliang, millet, rice and much more. If China is to be described with one industry, that industry will likely be agriculture. China’s history with cultivating rice dates back to 1000 years ago, and the tradition of growing crops has stayed ever since. Agriculture is a part of the Chinese culture. In 2022 alone, China exported agriculture products worth approximately 98.3 billion USD to the world.

Understanding China's major industries is crucial to grasping the full extent of its economic influence. Whether it's the manufacturing juggernaut, the thriving service sector, or the rich agricultural heritage, China continues to shape the global economic landscape. The nation's colossal contributions to manufacturing, services, and agriculture underscore its position as an economic powerhouse.


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