China's boom has left Indians extremely angry and frustrated. A report by an American think tank reveals a shocking fact: China has surpassed the rest of the globe in many strategic industries and even poses a potential threat to the United States. India has always wanted to compete with China, but the report adds a heavy strain to that competition and overshadows India's hopes.
The report points out that China's continuous efforts and huge investments in the development of advanced industries have yielded huge returns. Whether it's computers and electronicsChemicalsIn areas such as goods, base metals and motor vehicles, China's market share in these strategic industries is expanding. As of 2020, China's production in strategic industries continues to grow, and the country is already leading 70% of the world's strategic industries. In the face of these figures, many people are admiring China's rapid development, and China's economic and technological strength is truly amazing. At the same time, the United States is feeling the pressure. While the U.S. still dominates the remaining three strategic industries, the challenge from China has expanded to these three strategic industries.
China is stepping up its efforts to develop pharmaceutical, information technology and other transportation sectors as priority industries. While India was still trying to compete with China, China had already taken steps to challenge the United States. China's development speed is like a high-speed high-speed railway, which has thrown off a few streets in India, leaving only a few places behind the United States. The 10 strategic industries mentioned in the report are all high-impact industries, which account for 11 percent of the global economy8% share. In terms of the economic size of these 10 industries, China's output value is 47% higher than the global average. By contrast, the U.S. is already 13 percent below the global average, a rarity in their history. India's output value is far below the global average. India has always seen China as a competitive target, and it has always said that it wants to overtake China and the United States, and now it may be more difficult to surpass China than the United States.
The competition between China and the United States has entered a white-hot stage. With China's meteoric rise, they have overtaken the United States in some areas. Now, not only the United States, but eveng7The state is also feeling the pressure. Because China's market share in these strategic industries is growing at an alarming rate, which means that the United States andg7The country's market share is rapidly decreasing. While India is still thinking about how to compete with China, China has expanded its goalsg7Country!The Indians are now at a loss, having always targeted China as a competitive target, but now it seems that it may be more difficult to catch up with China than to overtake the United States. Is this really their chosen opponent?India's netizens can't hide their frustration, and they now seem to have no chance of competing with China.
China's leading position in a number of strategic industries has left India disappointed and frustrated. The report of the US think tank reveals that China has surpassed other countries in many areas around the world, which poses a challenge to India. China's rapid development in strategic industries has made it impossible for India to catch up. While the U.S. remains dominant in the remaining three strategic industries, China's challenge has expanded to these areas. China is stepping up its efforts in the pharmaceutical, information technology and transportation sectors. In the midst of China's rapid rise, competition with the United States has escalated, and China has surpassed the United States in some areas. China's growing market share in strategic industries is important for the United States andg7The state has caused pressure. India, on the other hand, once had competing goals with China, now seems to be more difficult to catch up with China than to surpass the United States. This leaves India at a loss, and they may have lost the opportunity to compete with China. The report's successive data prove China's strength, but the Indians can only hang their heads, and the competition they had hoped for is no longer possible. China's ability to leapfrog the United States and break out of the country is precisely because China has a steady stream of strength and strong competitiveness, and such strength deserves our serious consideration.