China is the world's largest emerging market economy, both in terms of population and total economic product. The country is arguably the world's most important manufacturer and industrial producer, and those two sectors alone account for more than 40% of China's gross domestic product, or GDP. China is also the world's largest exporter and the second largest importer, and it contains the fastest-growing consumer market. Major industries include manufacturing, agriculture and telecommunication services. As of 2015, the Asian giant is among the most important economic powers on a global scale. It was not always this way, however, and as little as 50 years ago, China was a struggling nation of extreme hunger, poverty and repression.
China’s cloud technology industry is expected to grow to US$103 billion by 2020 as companies continue to digitize their business data and internal systems. The growing demand for cloud technology has led to both domestic and foreign IT companies rolling out new cloud services for Chinese consumers and businesses.
BEIJING (Reuters) - China’s manufacturing activity grew at the fastest pace since 2012 in September as factories cranked up output to take advantage of strong demand and high prices, easing worries of a slowdown before a key political meeting next month.
China gets a bad rap for taking US jobs, but a recent trend is seeing Chinese manufacturing companies moving to the US in search of lower production costs and higher profits. While Made in China seems to be the byword for manufactured goods in the US, many Chinese manufacturers who sell to US markets are actually hoping to replace that with Made in America.
In 2017, we saw many hardware startups struggle through manufacturing. Hardware founders can be seen in a daze fighting jetlag and sleep deprived from conference calls between US/UK/EU teams with Chinese manufacturing teams. We’ve heard war stories about Cathay Pacific flights around typhoons, manufacturers using counterfeit parts or changing components without checking, Chinese New Year delays, food poisoning in Shenzhen, and lonely living in Hong Kong. So why do so many hardware founders do it?
China’s manufacturing activity expanded at its weakest pace in four months in March as export demand faltered, prompting companies to shed staff more quickly as they looked to cut costs, a private survey showed.
The country’s industrial initiative, Made in China 2025, is positioning it to become an industrial leader—especially in the field of robotics.