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Is a higher share of manufacturing in gdp better?
The State Council Information Office held a conference on the development of industry and information technology in 2021, and Tian Yulong, chief engineer of the Ministry of Industry and Information Technology, said that the overall industrial economy in 2021 to maintain the recovery and development, the pace of digital transformation of the manufacturing industry to accelerate the pace of green low-carbon development of the industry has made positive progress in the industrial transformation on the fast track. Among them, the equipment manufacturing industry's contribution to the overall industrial growth rate of more than 40%, driving the role of significantly strengthened.
It is worth noting that Xiao Yaqing, Minister of Industry and Information Technology, wrote an article in People's Daily on the same day, mentioning that the added value of the manufacturing sector accounted for 27.4% of gross domestic product (GDP) in 2021, an increase of 1.1 percentage points year-on-year.
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