Since the reform and opening up, especially since the 1990s, China's manufacturing industry has continued to develop at a high speed and has become the main driving force for sustained and rapid economic development. Its development characteristics, first, the rapid development of foreign trade in manufacturing. The proportion of manufactured products in the regulating valve industry exceeds 90% in exports. Exports of manufactured goods accounted for a significant increase in the international market share. The output of more than 100 kinds of products in energy, chemical, building materials, textiles, home appliances and electronics ranks first in the world. Second, the use of foreign capital in manufacturing has grown rapidly, and the investment structure has shifted from labor-intensive industries to capital- and technology-intensive industries. At the same time, the industrial chain extension and supporting scale of foreign investment have been continuously expanded, and the establishment of R&D institutions for foreign-invested enterprises has gradually increased. Third, the international competitiveness of the manufacturing industry has progressed. Some industries have begun to integrate with the international standards, adopting international standards or introducing foreign technology and capital for production, processing and sales, and the competitiveness has improved.
Vice Minister of Commerce Wei Jianguo said at the "Asian Manufacturing Forum" that China's manufacturing industry has undertaken international industrial transfer and its status in the international division of labor has been continuously improved. It has a good industrial base. At present, China's global manufacturing scale has been Rise to the third place in the world.
According to reports, in 1980, the added value of China's manufacturing industry only accounted for 1.5% of the world. In 1990, China's manufacturing value added value exceeded that of Brazil, ranking first among developing countries and regions, accounting for 2.7% of the global total. It entered the world's top 10 manufacturing industry and ranked eighth. In 2000, China's manufacturing value added accounted for 7.0% of the world, second only to the United States, Japan and Germany, ranking fourth in the world's top 10. In 2004, China’s share of global manufacturing rose to 10%, ranking higher than Germany and rising to third place in the world. The scale of China's manufacturing industry has entered the top three in the world.
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