China's manufacturing industry is seeing its production levels increase year on year. However, company profits in China tend to be much lower than some other countries. Comparing the manufacturing output of China and the US, there are many striking similarities and some sharp contrasts.
According to American Consulting Company IHS Global Insight, China and the US run neck and neck, in terms of the number of products made in 2009. Chinese products account for nearly 19 percent of global production, while the US makes up 20 percent. Currently, Chinese-made shoes occupy 10-percent of the market, and over 95-percent of computer hardware comes from China.
The total annual value of "Made in China" products, comes to 1.6 trillion US dollars, just 100-billion less than the US. But despite these seemingly positive statistics, there are still some problems for China's manufacturing industry.
China depends more on low-technology products, with profit margins only running to about 26-percent. This is 22 percent lower than the US, and 11-percent lower than Japan. This single statistic demonstrates that there is a long way to go in the development of China's manufacturing industry.
According to American Consulting Company IHS Global Insight, China and the US run neck and neck, in terms of the number of products made in 2009. Chinese products account for nearly 19 percent of global production, while the US makes up 20 percent. Currently, Chinese-made shoes occupy 10-percent of the market, and over 95-percent of computer hardware comes from China.
The total annual value of "Made in China" products, comes to 1.6 trillion US dollars, just 100-billion less than the US. But despite these seemingly positive statistics, there are still some problems for China's manufacturing industry.
China depends more on low-technology products, with profit margins only running to about 26-percent. This is 22 percent lower than the US, and 11-percent lower than Japan. This single statistic demonstrates that there is a long way to go in the development of China's manufacturing industry.
