China accounts for 28% of global manufacturing – a 3-fold growth since 2004 😉

For comparison:
▪️ USA – 17%
▪️ Eurozone – 15%
▪️ Japan – 5%

And now China has learned to produce lithography machines for chip manufacturing.

Since 2022, the US has shown great dynamics: the policy of bringing manufacturing back home and financial pressure on Beijing worked. In response, China is narrowing the tech gap and preparing for round two of the standoff 😤