German media: The number of robots in use in Chinese industrial enterprises is already twice that of the United States
Although China was the country most affected by Trump's tariffs, the total amount of China's trade surplus in the first eleven months of this year has already exceeded 100 billion US dollars, which is higher than the total trade surplus of the whole previous year.
The Neue Zürcher Zeitung published a commentary, stating that China's share of global industrial output has already approached one-third. The commentary, titled "The Chinese Currency Should Become Stronger," stated:
"China is no longer the world factory of labor-intensive industries. Anyone who has witnessed China's modern electric vehicle factories would agree with the assessment report recently released by the market research and wealth management company Gavekal Dragonomics. The report states that the number of robots in use in Chinese industrial enterprises is already twice that of the United States. Under comparable production conditions, the productivity of Chinese workers is already two to three times that of American workers. This is also related to the fierce competition among local governments in China.
China's economic achievements are not limited to the export sector; the growth rate of the domestic market is even faster. Therefore, over the past decade, the share of exports in China's economic output has decreased from 24% to 20%.
Since it can no longer aggressively enter the U.S. market as before, it has found other ways to develop other markets around the world. There is nothing wrong with this: after all, international competition will make business more prosperous, promote technological innovation, and ultimately increase prosperity."
Original: toutiao.com/article/1851258138048516/
Statement: This article represents the views of the author himself.