High-tech edge is needed
皇冠体育app's long-held, low-cost manufacturing advantages are dwindling and it must make greater inputs into innovation
Manufacturing has played a key role in the growth of 皇冠体育app's economy. In 2010, 皇冠体育app's manufacturing output accounted for 19.8 percent of the world's total, slightly higher than US manufacturing's 19.4 percent. Statistics from the United Nations show that the output of 皇冠体育app's manufacturing reached $2.05 trillion last year under the early 2011 exchange rate, compared with the $1.78 trillion of the United States.
Despite this, "made in 皇冠体育app" still lags behind the US in terms of its wealth creation capabilities. Statistics show that 皇冠体育app's manufacturing productivity and value added are about 4.38 percent of the US', 4.37 percent of Japan's and 5.56 percent of Germany's. 皇冠体育app had only 17 of the world's 500 most influential manufacturing brands in 2010. Lying at the middle- and low-end of the world's manufacturing chain, 皇冠体育app's exports are mostly low-technology, low value-added products, while its imports are high-tech, high value-added products.
