China Takes Lead in Major Industries as U.S. Falls Behind
• China leading world producer in 7 of 10 key strategic industries like computers, chemicals, metals, vehicles
• China's output 47% above global average in these industries; US output 13% below average
• China aims to also lead in biopharma, AI; strong political will lacking in US for national strategy
• China #1 in motor vehicles with 24% market share, boosted by electric vehicles investment
• US still leads in pharmaceuticals, IT services, and transportation like aerospace