Everyone knows that Made in China is powerful. For example, more than 80% of smartphones, TVs, game consoles, and other electronic products worldwide are manufactured in China. Additionally, China is already the world's largest screen manufacturer and exporter.

Simultaneously, according to SIA data, China also has the world's largest chip production capacity, reaching approximately 24% in 2022, ranking first globally. Furthermore, China is also the world's largest automobile manufacturer and exporter...

It can be said without exaggeration that China has become the world's largest industrial country, with the strongest industrial output value in history, surpassing all others.

The figure below shows the ranking of the total output value of the world's manufacturing industries in 2023 compiled by the OECD. It can be seen that China's total manufacturing output value accounts for 35% of the global total, and its manufacturing value-added accounts for 29% of the global total, both ranking first globally.

In comparison, countries like the US, Japan, Germany, India, and South Korea lag far behind China.

Let's look at the development trend of Made in China over the past 20 years and compare it with the US and Europe. It becomes clear how impressive Made in China is. China's share has increased from less than 15% in 2004 to 35% in 2023.

However, the US and the EU have declined significantly. Even if we combine all the countries of the US and the EU, they still cannot match the strength of Made in China.

Electricity consumption is the foundation of industry. Without electricity, all industries would be futile. For example, TSMC, a chip manufacturer, consumes nearly 10% of Taiwan's electricity alone. Without sufficient power supply, could TSMC operate?

Let's look at how terrifying China's power generation is. The figure below shows the data for 2022. China's power generation reached 9,136.8 billion kWh, accounting for 31.33% of the global total, more than double that of the second-ranked US.

This is why many foreign companies choose to establish factories in China and seek Made in China. Because perhaps only China can provide such sufficient power resources globally.

Next, let's look at the second indicator, steel production. Steel is an important indicator in all industries because many productions rely on steel.

In 2023, global steel production was 1.87 billion tons, of which China's steel production exceeded 1 billion tons. This means that over 50% of the world's steel is produced in China, surpassing the combined production of all other countries and regions globally.

For example, India, ranked second, only produced 140 million tons, while Japan, ranked third, only produced 87 million tons. The difference is too significant, representing completely different levels.

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