Major Industries in China

China has many unique industries that play a role in the state’s economy, such as construction, media, autos, and manufacturing.  This last field actually makes up 44% of the countries entire GDP and creates 11% of China’s total jobs. Despite the ongoing growth of such fields, nearly half of China’s GDP comes from areas like mining and energy.  Such wide variation between thriving fields leads to strength in the economy as a whole.

The growth in all such fields is largely due to a major shift from state control of industry to a fairly open market.  This has boosted China’s growth even further, leading to more jobs for the state’s workers and more foreign groups moving in.  In fact, in the last ten years alone, state control of industry has gone down by more than 25%, forming a new class of owners and traders within the state’s own population.

Stability through Diversity

Machines are one of the most frequently made items in China, ranging from gas turbines, textile tools, and even nuclear power sets.  The state’s interest in green power also drives them to make new devices to aid in the capture of natural energy.  Things such as wind turbines and tools for harnessing waterpower are also made domestically.

Mining

Other areas of the energy sector are also important to China.  The state has spent a great deal of money on finding effective ways to use coal and oil, which has built large-scale mines in the past few decades.  These mines yield over one billion tons of coal each year and give work to thousands of people.  China also draws large amounts of oil and gas from the ground.  In fact, China is the 5^th largest oil producer in the world, putting out over 160 million tons of oil every year.

Automobile

Finally, the auto industry is a big part of China’s rising economy.  In China alone, car and other auto sales have reached over 13 million.  To boost sales, the state exports cars to other markets across the world, attracting even Japanese groups to do business through China.  One such company, Honda, now has a factory in China that uses local workers to build cars for people in the distant reaches of the planet.

China is an incredible state with a very unique economy.  While it manages to keep some level of government control over production, business is largely done outside its control.  Such a unique style of rule is still widely untested. It will be interesting to see how successful China continues to be in the decades to come.