Sunday, December 14, 2014

China manufacturing facts of the day

From Forbes, on China's claim to be the factory of the world,
In 2011, for example, it manufactured 90% of all the personal computers produced globally that year, as well as 80% of the air conditioners, 74% of the solar cells, and 70% of the mobile phones.
From Nicholas Lardy, on the changing nature of Chinese economy and how private firms are its growth engines,
State firms now account for only one-fifth of manufacturing output, compared to four-fifths when reform began. They account for only one-tenth of investment in manufacturing. State firms in all sectors account for only one-tenth of urban employment and only one-tenth of China’s exports... According to data released by the People’s Bank of China, private firms received 52 per cent of all credit flowing to firms from 2010–2012, while the share of state firms was only 32 per cent.

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