Keep pulling the thread on United States.
China's manufacturing trade surplus doubled over the past five years.
China's manufacturing trade surplus reached $1.9 trillion in 2024.
China is on track to hold 45% of global manufacturing capacity by 2030.
Since 2021, China has shifted over $250 billion in exports from advanced economies to emerging markets.
Over one-third of U.S. industries source a majority of their imports from China.
Chinese firms control over two-thirds of the global market for printed circuit board (PCB) fabrication.
Over 60% of all drugs sold in the U.S. contain key inputs sourced from China and India.
China has recently imposed export restrictions on critical minerals including gallium, germanium, antimony, and graphite, demonstrating its willingness to leverage its supply chain dominance.
China's share of global exports, measured in volume, has increased by approximately 4 percentage points since 2020.
China's electric vehicle (EV) exports have increased 22-fold since 2020.
China has become the world's largest exporter of passenger cars.
A primary goal of the five-year plan approved by the Chinese Communist Party in 2020 was to maintain a stable share of manufacturing as a percentage of GDP.