| China- Industry |
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Industry and construction account for about 48% of China's GDP.
Around 8% of the total manufacturing output in the world comes from China
itself. China ranks third worldwide in industrial output.
Major industries include mining and ore processing; iron and steel; aluminum;
coal; machinery; armaments; textiles and apparel; petroleum; cement; chemical;
fertilizers; food processing; automobiles and other transportation equipment
including rail cars and locomotives, ships, and aircraft; consumer products
including footwear, toys, and electronics; telecommunications and information
technology.
Steel Industry:
China is the largest producer of steel in the world and the steel industry has
been rapidly increasing its steel production. Iron ore production kept pace
with steel production in the early 1990s but was soon outpaced by imported iron
ore and other metals in the early 2000s. Steel production, an estimated 140
million tons in 2000, was increased to 419 million tons in 2006.
Automotive Industry:
By 2006 China had become the world’s third largest automotive vehicle
manufacturer (after US and Japan) and the second largest consumer (only after
US).
The vehicle export was 78,000 units in 2004, 173,000 units in 2005, and 340,000
units in 2006. The vehicle and component export is targeted to reach US$70
billion by 2010. |