Question: What Are The Top 5 Industries In China?

Is China the largest manufacturer?

China leads the world in terms of manufacturing output, with over $2.01 trillion in output (see Table 1).

This is followed by the United States ($1.867 trillion), Japan ($1.063 trillion), Germany ($700 billion), and South Korea ($372 billion)..

Which industry is most important to China?

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.

Where does China get most of its money?

Industrial Growth China’s mining industry extracts coal, iron ore, salt, oil, gas, and gold. To reduce China’s dependence on coal, the country is moving towards more renewable resources and plans to increase its natural gas use in the coming years.

What is the fastest growing industry in America?

Five out of the 20 industries projected to grow the fastest from 2019 to 2029 are in healthcare and social assistance, the fastest growing industry in the economy.

What products do we get from China?

List of exports of China#ProductValue1Computers210.2312Broadcasting equipment110.9793Telephones91.7594Office Machine Parts47.07926 more rows

What is the #1 industry in the world?

List of largest companies by revenueRankNameIndustry1WalmartRetail2Sinopec GroupOil and gas3State GridElectricity48 more rows

What is America’s biggest industry?

Which Are The Biggest Industries In The United States?RankIndustry% of total GDP1Real estate, renting, leasing13%2State and Local Government9%3Finance and insurance8%4Health/social care8%15 more rows•Aug 1, 2017

What is China’s main export?

The economy is considered to be relatively open if a country’s exports are around 15 percent or more of GDP. In 2019, China’s major export goods were automatic data processing machines and components, followed by clothes and clothing accessories, mobile phones, textiles, and integrated circuits.

What are the main industries in China?

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 …

What is the biggest industry in China?

Industry Share of GDP in China China is a world leader in industrial output, including mining and ore processing, processed metals, petroleum, cement, coal, chemicals and fertilizer. It’s also a leader in machinery manufacturing, armaments, textiles, and apparel.

What is the fastest growing industry in China?

Fastest Growing Industries in China in 2020Pig Farming in China. … Internet Services in China. … Online Games in China. … Online Shopping in China. … Satellite Transmission Services in China. … Alternative-Fuel Car & Automobile Manufacturing in China. … Meat Processing in China. … Chinese Medicinal Herb Growing in China.More items…

What China produces the most?

Searchable List of China’s Most Valuable Export ProductsRankChina’s Export Product2019 Value (US$)1Phone system devices including smartphones$224,069,819,0002Computers, optical readers$148,463,426,0003Integrated circuits/microassemblies$102,187,884,0004Processed petroleum oils$38,345,208,0006 more rows•Nov 7, 2020

What is the most common job in China?

Although China is largely known for manufacturing, the service industry employs about the same number of people. Forty-five percent of China’s workers are employed in the services industry, and another 45 percent work in manufacturing.

What are the top 5 industries in the US?

The 5 Industries Driving the U.S. EconomyHealthcare. The health sector helped the U.S. recover from the 2008 financial crisis. … Technology. The tech sector is a huge component of the U.S. economy, according to Cyberstates 2019, an annual analysis of the nation’s industry published by CompTIA. … Construction. … Retail. … Non-durable Manufacturing.

What city in China has the most factories?

Guangdong provinceToday Guangdong province hosts an estimated 60,000 factories, which every day produce some $300 million worth of goods and account for about 30 percent of China’s exports and one-third of the world’s production of shoes, textiles and toys.