China's Economy
Major Industries
Agriculture
Rice is China's main food crop, supplemented by tea, sugar, and cotton. Output in the industry is expected to rise during the decade, but may be held back due to water shortages. Currently, the sector employs 1.6% of China's workforce. (Euromonitor International, 2016)
Manufacturing
Manufacturing in China employs 28.9% of the workforce and make up 27.4% of the country's GDP. The industry is shrinking due to excess capacity (causing losses for many firms). (Euromonitor International, 2016)
Services
China's fastest-growing industries in the service sector include healthcare, education, entertainment, science research, business services, and utilities. Services account for 49.6% of China's GDP and have had real growth of more than 8% over the last four years. (Euromonitor International, 2016)
Rice is China's main food crop, supplemented by tea, sugar, and cotton. Output in the industry is expected to rise during the decade, but may be held back due to water shortages. Currently, the sector employs 1.6% of China's workforce. (Euromonitor International, 2016)
Manufacturing
Manufacturing in China employs 28.9% of the workforce and make up 27.4% of the country's GDP. The industry is shrinking due to excess capacity (causing losses for many firms). (Euromonitor International, 2016)
Services
China's fastest-growing industries in the service sector include healthcare, education, entertainment, science research, business services, and utilities. Services account for 49.6% of China's GDP and have had real growth of more than 8% over the last four years. (Euromonitor International, 2016)
Header Image: "Currency, Chinese, Money, Yuan, 100, Notes, Paper Money" by Public Domain Pictures is in the public domain
Source: Euromonitor International. (2016, September 26). China: Country Profile. Retrieved from Euromonitor Passport database.
Source: Euromonitor International. (2016, September 26). China: Country Profile. Retrieved from Euromonitor Passport database.