Hey there, curious minds! Have you ever wondered where all those toys, gadgets, and clothes come from? It turns out, a lot of them come from China! 🐲
A recent report from the Boao Forum for Asia, called the “Asian Economic Outlook and Integration Progress Annual Report 2025,” tells us that China is still the main player when it comes to making things the world needs. 🎉
Since 2017, countries around the globe have depended more on China for “intermediate goods” than on North America. 🤔 Wait, what’s an intermediate good? It’s a fancy term for parts that are used to make other products. For example, the screen on your tablet or the microchips in your game console! 🎮
In 2023, the world relied on China for 16% of these parts, while North America provided 15%. That means China is super important in helping to make the stuff we use every day! 📱👟
Even though some factories have moved to other places since 2021, China has kept its top spot. In fact, out of the 22 most-traded intermediate goods in the world, China leads in 20 of them! That’s a lot! 🚢🌐
The report also mentions that even with some trade challenges since 2018, China’s position in making important goods hasn’t changed much. Some high-tech products are even more dependent on China now. 💡🔧
So next time you pick up your favorite toy or gadget, remember that it might have come all the way from China, a place that’s still a big part of how things are made around the world! 🧸✨
Reference(s):
Report: China remains center of global manufacturing value chains
cgtn.com
