The major sectors and industries driving growth for China include the services sector, agriculture, manufacturing, and technology. China is also one of the world's largest exporters and importers in the world.
Manufacturing, services and agriculture are the largest sectors of the Chinese economy – employing the majority of the population and making the largest contributions to GDP.
The great bulk of China's exports consists of manufactured goods, of which electrical and electronic machinery and equipment and clothing, textiles, and footwear are by far the most important.
The China primary sector involves cultivation and acquiring raw materials. Common examples are oil extraction, farming and fishing. The China secondary sector relates to the manufacturing and assembly process. Raw materials are transformed into components and assembled in the China secondary sector.
The major sectors and industries driving growth for China include the services sector, agriculture, manufacturing, and technology. China is also one of the world's largest exporters and importers in the world.
The top Chinese exports are broadcasting equipment, computers, and integrated circuits. In fact, China exported $223 billion worth of broadcasting equipment alone in 2021. China also exported $156 billion worth of computers in 2021.
It is the world's largest producer of wheat and rice.
1. China – 28.7% Global Manufacturing Output. Situated in East Asia, China is one of the world's oldest civilizations.
It is the world's second largest economy by nominal GDP, behind the United States, and the world's largest economy since 2016 when measured by purchasing power parity (PPP). Due to a volatile currency exchange rate, China's GDP as measured in dollars fluctuates sharply.
Some of the most common types of jobs in China include manufacturing and assembly line jobs, technology-related jobs such as software engineering and web development, and finance-related jobs such as accounting and investment banking.
Corn is the most produced food commodity in China followed by rice and fresh vegetables. China produces more than 100 million tons of 5 food commodities: corn, rice, vegetables, wheat & sugar cane. Pork is the most produced animal protein followed by chicken and beef.
Yearly Trade
The most common destination for the exports of China are United States ($530B), Hong Kong ($323B), Japan ($168B), South Korea ($140B), and Germany ($134B).
China. China has natural resources estimated to be worth $23 trillion. 2 Ninety percent of China's resources are coal and rare earth metals. Timber is another major natural resource found in the country, as is arable land.
For iron ore, it remained the largest supplier for China even when relations soured. In 2022, China bought 1.1 billion tonnes of iron ore, 65% of which were from Australia. For Beijing, commodities from Australia are important for its efforts to revive the pandemic-hit economy.
World's 10 Largest Exporters
China leads the list of the world's largest exporter.
In 2021, of $151.1 billion in the U.S. exports to China, the top commodity were Machinery and Mechanical Appliances (23.9% of the total U.S. exports), Agriculture (20.9%), and Chemicals, Plastics, Rubber and Leather Goods (16.6%).
China has shifted purchases away from the United States to reduce its reliance on US suppliers, but US farmers remain highly dependent on the Chinese market. In 2022, around 19 percent of US agriculture exports went to China, up from 14 percent in 2017 and 13 percent in 2009.
BEIJING, April 1, 2022— Over the past 40 years, the number of people in China with incomes below $1.90 per day – the International Poverty Line as defined by the World Bank to track global extreme poverty– has fallen by close to 800 million.