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What is the scale of China's manufacturing industry?
China's manufacturing industry is in a leading position in the world, and its foreign exchange reserves are among the highest in the world. According to the data released in February 20021.65438, by the end of 20021.1,China's total foreign exchange reserves reached $ 3. 1.9 trillion, which has been 1.04 months in a row.
As for the scale of manufacturing industry, according to the data of the National Bureau of Statistics, the added value of China's manufacturing industry in 2020 will be 27. 18 trillion yuan, or about 4.28 trillion US dollars, ranking first in the world.
It should be noted that although foreign exchange reserves and manufacturing scale are important indicators to measure a country's economic strength, there is no direct causal relationship between them. Foreign exchange reserves generally refer to the total foreign exchange assets held by the state, while the scale of manufacturing refers to the annual GDP or the added value of manufacturing, which are not completely related.
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