![]() As a share of national income, services have just overtaken manufacturing, and since 2011 consumer spending has been a bigger driver of growth than investment. But already, even before this next stage of modernization - diversification - is underway, China is gradually reducing its role as a processor of lower-value-added technological goods. to become the world’s largest car producer. In 2009, China surpassed Germany as the world’s largest exporter. ![]() In the first decade of the century, China became the worldâs largest manufacturer. In recent years, under the first wave of modernization, Chinaâs progress to middle-income status has been astounding and dramatic. I’m doing a phd in chemistry equate zyrtec reviews It is, of course, inevitable that as China moves from a focus on export-led growth, it will have to address structural issues, such as restrictions on labor mobility and private credit.
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