China Extends Reign as Top Manufacturer for 14th Straight Year in 2023
• China has been the world's top manufacturing hub for 14 straight years as of 2023 • The country's large manufacturing enterprises saw 5% year-on-year growth in value-added output in 2023 • Total value-added industrial output increased 4.6% in 2023 compared to 2022 • Focus has been on strengthening advantageous industries like new energy vehicles, batteries, and solar products • Despite challenges, China's industrial economy trend will continue due to complete industrial system, market size, and infrastructure