Which industry does manufacturing belong to?

Manufacturing industry belongs to the secondary industry, and it is an industrial sector in the industrial division in the traditional industrial economic theory.

Manufacturing refers to industries that use certain resources (materials, energy, equipment, tools, capital, technology, information and manpower, etc.). According to the market demand, it is transformed into large tools, industrial products and consumer goods that can be used and utilized by people through the manufacturing process.

Manufacturing industry directly reflects a country's productivity level and is an important factor to distinguish developing countries from developed countries. Manufacturing occupies an important share in the national economy of developed countries.

Manufacturing advantage

(1) China has a low labor cost, and it has an advantage in labor-intensive industries and products, with strong competitiveness. Moreover, the quality of China's labor force is relatively high. For example, some of the labors in Guangdong and Zhejiang are high school students from rural areas, and their quality is quite good.

(2) China has a huge potential consumer market, which can accommodate these products and promote the rapid formation of economies of scale. Usually, a country's products must first be sold in China, gain some experience, and reach a certain output scale before they go to the international market. China's huge domestic consumer market has created basic conditions for product research and development.