China has maintained its place as the foremost manufacturing hub and continues to gain momentum as the premier outsourcing destination for low-cost and fast manufacturing.
China’s Continuing Economic Growth
Export growth has been a major component supporting China’s rapid economic expansion. From 2000 to 2012, China’s global merchandise exports grew by 703 percent, and its merchandise imports grew by 656 percent.
In the last 2 years, exports have slowed down – mainly because of overall reductions in global demand – but China’s proportion of global exports rose to 13.8 percent in 2015 from 12.3 percent in 2014.