In 2024, China's manufacturing sector grew significantly, placing it in an elite global club and surpassing Japan for the first time, according to a recent report. While the United States leads in manufacturing development, China now ranks among top-tier nations like Germany and Japan.

• The report, released on Tuesday, evaluates nine major economies, with the United States scoring 190.89, followed by Germany, China, and Japan in the 120-140 range.
• Qin Hanjun, chairman of the China Academy of Machinery Science and Technology Group Co, stated China's manufacturing development index has been above 120 for four consecutive years.
• China ranked first in Patent Cooperation Treaty applications for 2023 and 2024, and predicts seven industries will be world-leading by 2030, including information and communication equipment and new energy vehicles.