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A 50 MW molten-salt power tower in Hami, Xinjiang, China. The industrial sector comprised 38.3% of the gross domestic product (GDP) of China in 2023. [1] China is the world's leading manufacturer of chemical fertilizers, cement and steel. Prior to 1978, most output was produced by state-owned enterprises.
Location of China. Since the introduction of economic reforms in 1978, the Chinese economy has become one of the world's fastest-growing major economies. As of 2016, it was the world's second-largest economy by nominal GDP and largest by purchasing power parity (PPP).
And, China's steel industry has accounted for 44% of the total CO 2 emissions. China's industries are not the only determinate of air pollution; China's growing population has increased heavy traffic and power generation. Altogether, China's growing infrastructure has created 3.28 billion tons of industrial waste from 2013 to 2016. [57]
There are hundreds of automobile manufacturers operating in China, the country with the largest automotive industry in the world. It includes state-owned manufacturers, privately owned manufacturers, foreign manufacturers, and joint ventures between local and foreign manufacturers.
Over the same year, Forbes reported that three of the world's ten largest public companies were Chinese, including the world's largest bank by total assets, the Industrial and Commercial Bank of China. [2] Many of China's largest companies are state-owned enterprises, due to the significant presence of the Chinese government in the national ...
Many factories remain open well into the night, with some people working until midnight [Xiqing Wang/ BBC] "Shein is a pillar of the fashion industry," said Guo Qing E, a Shein supplier. "I ...
Construction equipment manufacturers of China (13 P) D. Defence companies of China (3 C, 2 P) Drink companies of China (5 C, 20 P) E. Electronics companies of China ...
The improvement in China helped other Asian factory powerhouses such as South Korea and Taiwan, where activity also picked up. Xing Zhaopeng, ANZ's senior China strategist, said China's recovery ...