Made in China: How the nation transformed into a global powerhouse

China has cemented its position as a global economic leader, with its influence spanning manufacturing, trade, and technological innovation. From producing 80% of the world’s air conditioners to leading solar energy markets, China’s ascent reflects decades of strategic planning and reform.

A 2023 report from The Economist reveals that China is the top trading partner for over 140 countries. Its export volume reached $3.5 trillion last year, making it the largest exporter globally. The nation’s economic reforms since 1978 have driven its per capita income from $156 to over $12,600, an 80-fold increase.

“China’s share in global economic growth averaged 35% between 2013 and 2023, surpassing the combined contribution of G7 nations,” Kamran Khan says during a vlog, referencing a report from China Daily.

Over the last decade, China has been pivotal in shaping global markets, contributing more to manufacturing volume than the United States.

China’s manufacturing prowess isn’t limited to cheap goods. Khan notes that 60% of global brands rely on Chinese companies for production. This has reshaped pricing and competitiveness worldwide, pushing many economies to adapt to China’s large-scale efficiency.

Beyond manufacturing, China is making strides in technology and digital markets. The country’s e-commerce market, led by giants like Alibaba and JD.com, accounts for nearly half of global online retail transactions. With over 900 million internet consumers, China is also the most dynamic market for emerging digital technologies.

Kamran Khan also highlights China’s leadership in renewable energy. According to Investopedia, China installed over 105 gigawatts of renewable energy in 2022, pushing its solar energy capacity to 414 gigawatts. This gives it a commanding 45% share of the global solar market.

“China has also invested over $1 trillion through the Belt and Road Initiative, expanding its influence across infrastructure, ports, and energy projects in more than 140 countries,” Khan adds.

Despite geopolitical tensions, China’s economic strategy remains rooted in cooperation. Despite political differences, it maintains trade relationships with nations like India and the U.S., exporting $448 billion worth of goods to the U.S. in 2023.

“China’s story is a lesson in leveraging economic strength while navigating global conflicts,” Khan reflects.