Charted: China’s Rise to Manufacturing Dominance Over 30 Years

By Pallavi Rao – Visual Capitalist

Back in 2000, China accounted for only 6% of global manufacturing value added (MVA), easily eclipsed by manufacturing giants like the U.S., Japan, and Germany, not to mention a host of other high income countries.

All of that changed when China joined the WTO in 2001, giving it better trade deals with other members. At the same time the government significantly opened up the economy, allowing foreign direct investment into several key sectors, prompting a take off in new business growth.