A "China-standard" bullet train, or electric multiple unit train, at a production line.

According to the biannual report on the Chinese economy released by the National Bureau of Statistics of China on July 17, 2023, gross domestic product in the first half of the year reached 59.3 trillion yuan, up 5.5% year on year at constant price, or 1% faster than that in the first quarter of 2023. This shows that China's manufacturing industry has entered a new period of industrialization, moving from traditional industrialization focused on high growth rates towards a greater focus on high quality as the goal.

As the main driver of the national economy, China's manufacturing industry is placing great emphasis on pursuing high-end, intelligent and green development, a kind of high-quality development which will bring a new form of civilization to the global economy and to society.

Foundation of real economy

Although China is the second largest economy in the world, it is still a developing country with a low per capita income. With the quality and the robust structure of the national economy and the transformative changes it has gone through, not to mention the top-notch scale of China's manufacturing sector, no one in the world can doubt China's strong competitiveness.