By 2010 China’s manufacturing scale overtook the U.S. to become the world’s largest market. In terms of industrial competitiveness China ranks No. 7 out of 136 countries and is the
world's largest net manufacturing exporter.
On the other hand the Chinese manufacturing industry features high resource consumption, poor independent innovation, and high external dependence on core components. In recent years the
“low-cost advantage” on which the manufacturing industry relies to survive has gradually been fading away.