China's Manufacturing Value Added Surpasses Combined U.S., Germany, Japan, and UK in 2021–2022, Matches in 2023

In 2021 and 2022, China's share of global manufacturing value added exceeded that of the combined U.S., Germany, Japan, and UK, before equalizing in 2023. Despite this shift, China continues to produce a larger volume of manufactured goods compared to the combined output of these four nations.