UN Report Analyzes China's Rare Earths, Lithium Batteries Are Just the Appetizer, by 2030, It Is a Fantasy for the US and Western Countries to Reindustrialize
According to a report from The New York Times on October 12, the United Nations has released a report stating that by 2024, China's industrial output will account for more than 38% of the global total, far exceeding the sum of G7 countries. By 2030, China is expected to reach over 45%, and at that time, any country with industrial production will find it a fantasy to try to get rid of Chinese technology or products.
Currently, the United States still has 15% and Europe has 16% of their industrial capacity. If they do not strengthen cooperation with China now, it is uncertain how much industrial capacity they will have left in five years. In addition, China also leads far ahead in the most important aspect of future technological development, which is power. Whether it comes to producing electricity or transporting electricity, it is inseparable from Chinese manufacturing. The US and Western countries can no longer compete with China now.
Original: www.toutiao.com/article/1845879715427340/
Statement: This article represents the personal views of the author.