100+ datasets found
  1. Distribution of the workforce across economic sectors in China 2014-2024

    • statista.com
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    Statista, Distribution of the workforce across economic sectors in China 2014-2024 [Dataset]. https://www.statista.com/statistics/270327/distribution-of-the-workforce-across-economic-sectors-in-china/
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    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    China
    Description

    The statistic shows the distribution of the workforce across economic sectors in China from 2014 to 2024. In 2024, around 22.2 percent of the workforce were employed in the agricultural sector, 29 percent in the industrial sector and 48.8 percent in the service sector. In 2022, the share of agriculture had increased for the first time in more than two decades, which highlights the difficult situation of the labor market due to the pandemic and economic downturn at the end of the year. Distribution of the workforce in China In 2012, China became the largest exporting country worldwide with an export value of about two trillion U.S. dollars. China’s economic system is largely based on growth and export, with the manufacturing sector being a crucial contributor to the country’s export competitiveness. Economic development was accompanied by a steady rise of labor costs, as well as a significant slowdown in labor force growth. These changes present a serious threat to the era of China as the world’s factory. The share of workforce in agriculture also steadily decreased in China until 2021, while the agricultural gross production value displayed continuous growth, amounting to approximately 7.8 trillion yuan in 2021. Development of the service sector Since 2011, the largest share of China’s labor force has been employed in the service sector. However, compared with developed countries, such as Japan or the United States, where 73 and 79 percent of the work force were active in services in 2023 respectively, the proportion of people working in the tertiary sector in China has been relatively low. The Chinese government aims to continue economic reform by moving from an emphasis on investment to consumption, among other measures. This might lead to a stronger service economy. Meanwhile, the size of the urban middle class in China is growing steadily. A growing number of affluent middle class consumers could promote consumption and help China move towards a balanced economy.

  2. T

    China Manufacturing Production

    • tradingeconomics.com
    • it.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Mar 14, 2024
    + more versions
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    TRADING ECONOMICS (2024). China Manufacturing Production [Dataset]. https://tradingeconomics.com/china/manufacturing-production
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    xml, excel, json, csvAvailable download formats
    Dataset updated
    Mar 14, 2024
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jun 30, 2013 - Oct 31, 2025
    Area covered
    China
    Description

    Manufacturing Production in China increased 4.90 percent in October of 2025 over the same month in the previous year. This dataset provides - China Manufacturing Production- actual values, historical data, forecast, chart, statistics, economic calendar and news.

  3. GDP distribution across economic sectors in China 2014-2024

    • statista.com
    Updated Jan 17, 2025
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    Statista (2025). GDP distribution across economic sectors in China 2014-2024 [Dataset]. https://www.statista.com/statistics/270325/distribution-of-gross-domestic-product-gdp-across-economic-sectors-in-china/
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    Dataset updated
    Jan 17, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    China
    Description

    According to preliminary data, the agricultural sector contributed around 6.8 percent to the gross domestic product (GDP) of China in 2024, whereas 36.5 percent of the economic value added originated from the industrial sector and 54.6 percent from the service sector, respectively. The total GDP of China at current prices amounted to approximately 134.91 trillion yuan in 2024. Economic development in China The gross domestic product (GDP) serves as a primary indicator to measure the economic performance of a country or a region. It is generally defined as the monetary value of all finished goods and services produced within a country in a specific period of time. It includes all of private and public spending, government spending, investments, and net exports which are calculated as total exports minus imports. In other words, GDP represents the size of the economy.With its national economy growing at an exceptional annual growth rate of above nine percent for three decades in succession, China had become the worlds’ second largest economy by 2010, surpassing all other economies but the United States. Even though China's GDP growth has cooled down in recent years, its economy still expanded at roughly two times the pace of the United States in 2024. Breakdown of GDP in China When compared to other developed countries, the proportions of agriculture and industry in China's GDP are significantly higher. Even though agriculture is a major industry in the United States, it only accounted for about one percent of the economy in 2023. While the service sector contributed to more than 70 percent of the economy in most developed countries, it's share was considerably lower in China. This was not only due to China's lower development level, but also to the country’s focus on manufacturing and export. However, as the future limitations of this growth model become more and more apparent, China is trying to shift it's economic focus to the high-tech and service sectors. Accordingly, growth rates of the service sector have been considerably higher than in industry and agriculture in the years before the spread of the coronavirus pandemic.

  4. C

    China CN: Manufacturing: Sales Revenue: ytd

    • ceicdata.com
    Updated Oct 15, 2025
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    CEICdata.com (2025). China CN: Manufacturing: Sales Revenue: ytd [Dataset]. https://www.ceicdata.com/en/china/manufacturing/cn-manufacturing-sales-revenue-ytd
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    Dataset updated
    Oct 15, 2025
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Apr 1, 2017 - Mar 1, 2018
    Area covered
    China
    Description

    China Manufacturing: Sales Revenue: Year to Date data was reported at 76,221.910 RMB bn in Oct 2018. This records an increase from the previous number of 68,605.400 RMB bn for Sep 2018. China Manufacturing: Sales Revenue: Year to Date data is updated monthly, averaging 50,424.960 RMB bn from Jan 2014 (Median) to Oct 2018, with 58 observations. The data reached an all-time high of 104,771.097 RMB bn in Dec 2016 and a record low of 12,884.520 RMB bn in Feb 2014. China Manufacturing: Sales Revenue: Year to Date data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Industrial Sector – Table CN.MFG: Manufacturing.

  5. C

    China CN: Manufacturing: YoY: Value Added of Industry

    • ceicdata.com
    Updated Dec 15, 2020
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    CEICdata.com (2020). China CN: Manufacturing: YoY: Value Added of Industry [Dataset]. https://www.ceicdata.com/en/china/manufacturing/cn-manufacturing-yoy-value-added-of-industry
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    Dataset updated
    Dec 15, 2020
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2016 - Mar 1, 2018
    Area covered
    China
    Description

    China Manufacturing: YoY: Value Added of Industry data was reported at 6.100 % in Oct 2018. This records an increase from the previous number of 5.700 % for Sep 2018. China Manufacturing: YoY: Value Added of Industry data is updated monthly, averaging 7.000 % from Jun 2013 (Median) to Oct 2018, with 55 observations. The data reached an all-time high of 11.400 % in Oct 2013 and a record low of 5.700 % in Sep 2018. China Manufacturing: YoY: Value Added of Industry data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Industrial Sector – Table CN.MFG: Manufacturing.

  6. China's Gridded Manufacturing Dataset

    • figshare.com
    txt
    Updated Dec 4, 2022
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    Chenjing Fan; Xinran Huang; Lin Zhou; Zhenyu Gai; Chaoyang Zhu; Haole Zhang (2022). China's Gridded Manufacturing Dataset [Dataset]. http://doi.org/10.6084/m9.figshare.19808407.v4
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    txtAvailable download formats
    Dataset updated
    Dec 4, 2022
    Dataset provided by
    figshare
    Figsharehttp://figshare.com/
    Authors
    Chenjing Fan; Xinran Huang; Lin Zhou; Zhenyu Gai; Chaoyang Zhu; Haole Zhang
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Area covered
    China
    Description

    The growth of the manufacturing industry is the engine of rapid economic growth in developing regions. Characterizing the geographical distribution of manufacturing firms is critically important for scientists and policymakers. However, data on the manufacturing industry used in previous studies either have a low spatial resolution (or fuzzy classification) or high-resolution information is lacking. Here, we propose a map point-of-interest classification method based on machine learning technology and build a dataset of the distribution of Chinese manufacturing firms called the Gridded Manufacturing Dataset. This dataset includes the number and type of manufacturing firms at a 0.01° latitude by 0.01° longitude scale. It includes all manufacturing firms (classified into seven categories) in China in 2015 (4.40 million) and 2019 (6.01 million). This dataset can be used to characterize temporal and spatial patterns in the distribution of manufacturing firms as well as reveal the mechanisms underlying the development of the manufacturing industry and changes in regional economic policies.

  7. Manufacturing Purchasing Leader Index (PLI) in China by month 2023-2025

    • statista.com
    Updated Jan 15, 2024
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    Statista (2024). Manufacturing Purchasing Leader Index (PLI) in China by month 2023-2025 [Dataset]. https://www.statista.com/statistics/1611615/china-manufacturing-purchasing-leader-index/
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    Dataset updated
    Jan 15, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Oct 2023 - Oct 2025
    Area covered
    China
    Description

    In October 2025, the Purchasing Leader Index (PLI) in China resided at about ** percent. An indicator of the economic health of the manufacturing sector, the PLI is based on five major indicators: new orders, inventory levels, production, supplier deliveries, and the employment environment. An index value above 50 percent indicates a positive development in the industrial sector, whereas a value below 50 percent indicates a negative situation. The PLI as a major economic indicator The Purchasing Leader Index was first introduced by the US-based Institute of Supply Management in 1948. It has become one of the most widely used and closely watched indicators of business activities worldwide. The PLI is not only an apt indicator for manufacturing growth, it also supports interest rate decisions of central bank institutions. PLI figures around the globe were dominated by the COVID-19 pandemic in 2020. In the Euro area, the PLI recovered from a considerable drop in April 2020, regaining pre-crisis level in June. In the United States, the monthly PLI indicated an even better improvement from low values in April and March. Recent PLI development in China As is shown in the graph at hand, the PLI of China as the world’s second-largest economy dropped considerably in February 2020 due to the coronavirus pandemic. In March, the index indicated a striking rebound and ranged at a level slightly above 50 index points afterwards. During 2021, the index was characterized by a slightly downward trend. In 2022, the index displayed an unstable development with two significant dips in April and December, finally concluding with a strong rebound in January 2023. The non-manufacturing PLI in China displayed a similar development.

  8. F

    Business Tendency Surveys (Manufacturing): Capacity Utilisation: Rate of...

    • fred.stlouisfed.org
    json
    Updated Feb 26, 2018
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    (2018). Business Tendency Surveys (Manufacturing): Capacity Utilisation: Rate of Capacity Utilisation: National Indicator for China [Dataset]. https://fred.stlouisfed.org/series/BSCURT02CNQ160S
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    jsonAvailable download formats
    Dataset updated
    Feb 26, 2018
    License

    https://fred.stlouisfed.org/legal/#copyright-citation-requiredhttps://fred.stlouisfed.org/legal/#copyright-citation-required

    Area covered
    China
    Description

    Graph and download economic data for Business Tendency Surveys (Manufacturing): Capacity Utilisation: Rate of Capacity Utilisation: National Indicator for China (BSCURT02CNQ160S) from Q1 2002 to Q4 2011 about business sentiment, capacity, China, business, manufacturing, and rate.

  9. C

    China CN: Manufacturing: Profit Ratio from Sales Revenue: ytd

    • ceicdata.com
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    CEICdata.com, China CN: Manufacturing: Profit Ratio from Sales Revenue: ytd [Dataset]. https://www.ceicdata.com/en/china/manufacturing/cn-manufacturing-profit-ratio-from-sales-revenue-ytd
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    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Apr 1, 2017 - Mar 1, 2018
    Area covered
    China
    Description

    China Manufacturing: Profit Ratio from Sales Revenue: Year to Date data was reported at 6.140 % in Oct 2018. This records an increase from the previous number of 6.130 % for Sep 2018. China Manufacturing: Profit Ratio from Sales Revenue: Year to Date data is updated monthly, averaging 5.640 % from Jan 2014 (Median) to Oct 2018, with 58 observations. The data reached an all-time high of 6.350 % in Dec 2017 and a record low of 4.660 % in Feb 2015. China Manufacturing: Profit Ratio from Sales Revenue: Year to Date data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Industrial Sector – Table CN.MFG: Manufacturing.

  10. Manufacturing PLI related indices in China 2023-2025

    • statista.com
    + more versions
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    Statista Research Department, Manufacturing PLI related indices in China 2023-2025 [Dataset]. https://www.statista.com/study/72133/coronavirus-economic-impact-in-china/
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    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Statista Research Department
    Area covered
    China
    Description

    In April 2025, the Manufacturing Purchasing Leader Index (PLI) in China ranged at 49 points. That month, the index for future expectations ranged at 52.1 points.

  11. Gross domestic product (GDP) of China 1985-2030

    • statista.com
    Updated Nov 19, 2025
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    Statista (2025). Gross domestic product (GDP) of China 1985-2030 [Dataset]. https://www.statista.com/statistics/263770/gross-domestic-product-gdp-of-china/
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    Dataset updated
    Nov 19, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    China
    Description

    In 2024, the gross domestic product (GDP) of China amounted to around 18.7 trillion U.S. dollars. In comparison to the GDP of the other BRIC countries India, Russia and Brazil, China came first that year and second in the world GDP ranking. The stagnation of China's GDP in U.S. dollar terms in 2022 and 2023 was mainly due to the appreciation of the U.S. dollar. China's real GDP growth was 5.4 percent in 2023 and 5.0 percent in 2024. In 2024, per capita GDP in China reached around 13,300 U.S. dollars. Economic performance in China Gross domestic product (GDP) is a primary economic indicator. It measures the total value of all goods and services produced in an economy over a certain time period. China's economy used to grow quickly in the past, but the growth rate of China’s real GDP gradually slowed down in recent years, and year-on-year GDP growth is forecasted to range at only around four percent in the years after 2024. Since 2010, China has been the world’s second-largest economy, surpassing Japan.China’s emergence in the world’s economy has a lot to do with its status as the ‘world’s factory’. Since 2013, China is the largest export country in the world. Some argue that it is partly due to the undervalued Chinese currency. The Big Mac Index, a simplified and informal way to measure the purchasing power parity between different currencies, indicates that the Chinese currency yuan was roughly undervalued by 38 percent in 2024. GDP development Although the impressive economic development in China has led millions of people out of poverty, China is still not in the league of industrialized countries on the per capita basis. To name one example, the U.S. per capita economic output was more than six times as large as in China in 2024. Meanwhile, the Chinese society faces increased income disparities. The Gini coefficient of China, a widely used indicator of economic inequality, has been larger than 0.45 over the last decade, whereas 0.40 is the warning level for social unrest.

  12. Non-manufacturing PLI related indices in China 2023-2025

    • statista.com
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    Statista Research Department, Non-manufacturing PLI related indices in China 2023-2025 [Dataset]. https://www.statista.com/study/72133/coronavirus-economic-impact-in-china/
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    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Statista Research Department
    Area covered
    China
    Description

    In April 2025, the non-manufacturing Purchasing Leader Index (PLI) in China ranged at 50.4 points, down from 50.8 points in the previous month. The index for the expectation of business activities ranged at 56 points that month.

  13. T

    China Average Yearly Wages in Manufacturing

    • tradingeconomics.com
    • fr.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Mar 14, 2024
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    TRADING ECONOMICS (2024). China Average Yearly Wages in Manufacturing [Dataset]. https://tradingeconomics.com/china/wages-in-manufacturing
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    xml, json, csv, excelAvailable download formats
    Dataset updated
    Mar 14, 2024
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1978 - Dec 31, 2024
    Area covered
    China
    Description

    Wages in Manufacturing in China increased to 103932 CNY/Year in 2023 from 97528 CNY/Year in 2022. This dataset provides - China Average Yearly Wages in Manufacturing - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  14. T

    China GDP From Industry

    • tradingeconomics.com
    • fr.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Mar 13, 2024
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    TRADING ECONOMICS (2024). China GDP From Industry [Dataset]. https://tradingeconomics.com/china/gdp-from-manufacturing
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    json, csv, excel, xmlAvailable download formats
    Dataset updated
    Mar 13, 2024
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Mar 31, 1992 - Sep 30, 2025
    Area covered
    China
    Description

    GDP from Manufacturing in China increased to 306003.60 CNY Hundred Million in the third quarter of 2025 from 202550.30 CNY Hundred Million in the second quarter of 2025. This dataset provides - China Gdp From Manufacturing- actual values, historical data, forecast, chart, statistics, economic calendar and news.

  15. F

    Composite Leading Indicators: Composite Business Confidence Amplitude...

    • fred.stlouisfed.org
    json
    Updated Nov 17, 2025
    + more versions
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    (2025). Composite Leading Indicators: Composite Business Confidence Amplitude Adjusted for China [Dataset]. https://fred.stlouisfed.org/series/BSCICP03CNM665S
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    jsonAvailable download formats
    Dataset updated
    Nov 17, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-citation-requiredhttps://fred.stlouisfed.org/legal/#copyright-citation-required

    Area covered
    China
    Description

    Graph and download economic data for Composite Leading Indicators: Composite Business Confidence Amplitude Adjusted for China (BSCICP03CNM665S) from Feb 2000 to Jan 2024 about business sentiment, composite, China, business, and manufacturing.

  16. Key economic figures on the food manufacturing industry China 2015

    • statista.com
    Updated Nov 1, 2016
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    Statista (2016). Key economic figures on the food manufacturing industry China 2015 [Dataset]. https://www.statista.com/statistics/307872/china-food-manufacturing-industry-key-figures/
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    Dataset updated
    Nov 1, 2016
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2015
    Area covered
    China
    Description

    This statistic depicts key figures on the Chinese food manufacturing industry in 2015. In 2015, the food manufacturing industry in China had generated a total revenue of about *** trillion yuan.

  17. C

    China GDP: ytd: SI: Industry: Manufacturing

    • ceicdata.com
    + more versions
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    CEICdata.com, China GDP: ytd: SI: Industry: Manufacturing [Dataset]. https://www.ceicdata.com/en/china/gross-domestic-product-quarterly/gdp-ytd-si-industry-manufacturing
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    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Mar 1, 2022 - Dec 1, 2024
    Area covered
    China
    Variables measured
    Gross Domestic Product
    Description

    China GDP: Year to Date: SI: Industry: Manufacturing data was reported at 8,211.440 RMB bn in Mar 2025. This records a decrease from the previous number of 33,550.683 RMB bn for Dec 2024. China GDP: Year to Date: SI: Industry: Manufacturing data is updated quarterly, averaging 15,675.130 RMB bn from Mar 2015 (Median) to Mar 2025, with 41 observations. The data reached an all-time high of 33,550.683 RMB bn in Dec 2024 and a record low of 4,506.660 RMB bn in Mar 2015. China GDP: Year to Date: SI: Industry: Manufacturing data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AA: Gross Domestic Product: Quarterly.

  18. C

    China CN: R & D: Expenditure: Manufacturing Industry

    • ceicdata.com
    Updated Dec 15, 2020
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    CEICdata.com (2020). China CN: R & D: Expenditure: Manufacturing Industry [Dataset]. https://www.ceicdata.com/en/china/research-and-development-expenditure/cn-r--d-expenditure-manufacturing-industry
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    Dataset updated
    Dec 15, 2020
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2009 - Dec 1, 2021
    Area covered
    China
    Variables measured
    Enterprises Survey
    Description

    China R & D: Expenditure: Manufacturing Industry data was reported at 1,691,430.000 RMB mn in 2021. This records an increase from the previous number of 1,478,380.000 RMB mn for 2020. China R & D: Expenditure: Manufacturing Industry data is updated yearly, averaging 685,056.510 RMB mn from Dec 2004 (Median) to 2021, with 17 observations. The data reached an all-time high of 1,691,430.000 RMB mn in 2021 and a record low of 89,250.000 RMB mn in 2004. China R & D: Expenditure: Manufacturing Industry data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Business and Economic Survey – Table CN.OS: Research and Development: Expenditure.

  19. T

    China NBS Manufacturing PMI

    • tradingeconomics.com
    • pt.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Nov 30, 2025
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    TRADING ECONOMICS (2025). China NBS Manufacturing PMI [Dataset]. https://tradingeconomics.com/china/business-confidence
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    xml, json, excel, csvAvailable download formats
    Dataset updated
    Nov 30, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 31, 2005 - Nov 30, 2025
    Area covered
    China
    Description

    Business Confidence in China increased to 49.20 points in November from 49 points in October of 2025. This dataset provides - China Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  20. F

    Financial Market: Real Effective Exchange Rates: CPI Based for China

    • fred.stlouisfed.org
    json
    Updated Nov 17, 2025
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    (2025). Financial Market: Real Effective Exchange Rates: CPI Based for China [Dataset]. https://fred.stlouisfed.org/series/CCRETT01CNQ661N
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    jsonAvailable download formats
    Dataset updated
    Nov 17, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-citation-requiredhttps://fred.stlouisfed.org/legal/#copyright-citation-required

    Area covered
    China
    Description

    Graph and download economic data for Financial Market: Real Effective Exchange Rates: CPI Based for China (CCRETT01CNQ661N) from Q1 1970 to Q3 2025 about China, exchange rate, currency, CPI, manufacturing, real, rate, price index, indexes, and price.

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Statista, Distribution of the workforce across economic sectors in China 2014-2024 [Dataset]. https://www.statista.com/statistics/270327/distribution-of-the-workforce-across-economic-sectors-in-china/
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Distribution of the workforce across economic sectors in China 2014-2024

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19 scholarly articles cite this dataset (View in Google Scholar)
Dataset authored and provided by
Statistahttp://statista.com/
Area covered
China
Description

The statistic shows the distribution of the workforce across economic sectors in China from 2014 to 2024. In 2024, around 22.2 percent of the workforce were employed in the agricultural sector, 29 percent in the industrial sector and 48.8 percent in the service sector. In 2022, the share of agriculture had increased for the first time in more than two decades, which highlights the difficult situation of the labor market due to the pandemic and economic downturn at the end of the year. Distribution of the workforce in China In 2012, China became the largest exporting country worldwide with an export value of about two trillion U.S. dollars. China’s economic system is largely based on growth and export, with the manufacturing sector being a crucial contributor to the country’s export competitiveness. Economic development was accompanied by a steady rise of labor costs, as well as a significant slowdown in labor force growth. These changes present a serious threat to the era of China as the world’s factory. The share of workforce in agriculture also steadily decreased in China until 2021, while the agricultural gross production value displayed continuous growth, amounting to approximately 7.8 trillion yuan in 2021. Development of the service sector Since 2011, the largest share of China’s labor force has been employed in the service sector. However, compared with developed countries, such as Japan or the United States, where 73 and 79 percent of the work force were active in services in 2023 respectively, the proportion of people working in the tertiary sector in China has been relatively low. The Chinese government aims to continue economic reform by moving from an emphasis on investment to consumption, among other measures. This might lead to a stronger service economy. Meanwhile, the size of the urban middle class in China is growing steadily. A growing number of affluent middle class consumers could promote consumption and help China move towards a balanced economy.

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