Wang Zhongyu, President of the China Enterprise Confederation, announced on March 27 that in 2009 China’s manufacturing accounted for 15.6% of the value of total global manufacturing. With the United States accounting for 19%, China has now replaced Japan (15.4%). Wang stated, however, that China’s manufacturing industry is large in size but not strong, and most enterprises are still at the bottom of the value-added chain. U.S. service oriented manufacturing is 58% of its entire manufacturing while that of China is 2.2%.
Source: China News Service, March 27, 2010