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China became the world leader on the industrial economy scale, with the digital economy scale reaching RMB31 trillion ($4.36 trillion) in 2018, accounting for one-third of the country’s GDP, Sina Finance reported on Monday.
The industrial added value of the country saw an average annual growth of 11 percent from RMB12 billion ($1.69 billion) in 1952, to over RMB30 trillion ($4.2 trillion) in 2018, said Miao Wei, minister of industry and information technology.
The country’s added value of the manufacturing industry accounted for over 28 percent of the world’s total in 2018, becoming an important engine driving world industrial growth. Among the world’s more than 500 major industrial products, China ranks first in output at over 220.
