One is the comprehensiveness of China's industry, which results in China competing with all developed countries

The total **** billion people of western civilization + Japanese civilization is not as many as one country, China, and in terms of a single country, its population size can't support full-scale industry. Therefore the industrial system of developed countries is divided among multiple developed countries. None of the developed countries in the world, including the US, Japan and Germany, have full-scale industry.

Take the United States for example, the LCD panel industry, high-speed rail industry, lithium battery industry and so on the United States does not have, shipbuilding industry in the United States is only left with the military shipbuilding, civilian shipbuilding basically withdrawn from the world market competition, cruise ships to buy the European, merchant ships to buy the Asian, but also because of this led to the United States warships at a very high cost, shipyards do not have civilian orders, rely on the army to feed, the United States military spending is so high that a considerable part is so wasted. The first part of this is so wasted.

Then again, Germany, smartphones, laptops, tablets, chip manufacturing and packaging, LCD panels, aero-engines, the Internet, these industries are basically not, Germany also has no independent space industry.

Another example is Japan, satellite navigation, civil airliners, aero engines, smartphone chip design, communications equipment, drones, the Internet, these industries are basically absent or very weak, and the space industry does not have a global aerospace mapping network, human spaceflight and space stations.

And then the military industry, the United States a dominant, aircraft carriers, four-generation aircraft, ultra-high-speed vehicles, drones, intercontinental missiles, phased-array radar destroyers, nuclear submarines, these major weapons Germany and Japan do not have the ability to independently design and manufacture.

While China, the above list of a dozen industries all have, and are not bad.

For example, we all have the impression of a very high-end chip design, the following chart is IC insight released in 2015 the world's top ten chip design companies, the United States of course, far ahead of the top ten, the United States, six, China, two, Taiwan and Singapore, each a. Japan and Germany are not on the list. Japan Germany are not on the list. And Hesse and Spreadtrum revenue growth ranked in the top three.

In addition to these high-tech manufacturing industry, the technical requirements of relatively low-end toys, clothing, furniture, cement, glass, textiles and other industries, the United States, Japan and Germany, these developed countries have long given up, and China still eat, and accounted for more than half of the world's share.

The comprehensiveness of China's industry is the main reason why China's industrial output surpassed that of the United States to become the world's largest in 2010.

The year 2010 is a very important year, and years from now we will look back and see that this year's overtaking of the U.S. in industrial output will be an epochal event, and we are in the midst of a big historical era that many of us don't realize.

The second is that Chinese industry is not only a well-rounded all-rounder, but it's in the top five in almost every industry in the world, and many of them are in the top three and number one in the world.

Imagine a person competing in the Olympics, making the top eight finals in everything from swimming, diving, basketball, running, long jump, soccer, cycling, equestrian, wrestling, boxing, etc., and taking home a lot of gold, silver, bronze, and fourth place ...... What a bully that person should be.

For example, the Internet and satellite navigation, into the scale of basically only China and the United States in play, China second in the world, ahead of Europe and Japan.

Then again, cloud computing, big data, artificial intelligence, China with Ali, Huawei, Tencent, Xunfei, Baidu and so on, also catching up with the United States. Take cloud computing as an example, Deutsche Bank report released in May 2016, the world's top three are the United States Amazon, Microsoft and China Alibaba. China in addition to Alibaba cloud, there are Tencent cloud, Baidu cloud, Huawei cloud, etc., also ahead of Europe and Japan.

For example, LCD panels, the world is China, Japan, South Korea and Taiwan four, technology level of China and Taiwan tied for the world's third behind South Korea and Japan; but in terms of output value and profit China is second only to South Korea, the world's second.

For example, smartphones and tablets, China, the United States and South Korea three monopolized the world market, China at least ranked third in the world. 2017 China's cell phone brands are expected to be more than 50% of the world's share of the combined.

Then there is the shipbuilding industry, where the world's top three are China Japan and South Korea, with China's share ranking first.

Another example is the military industry, China, the United States, Russia, the United Kingdom, France, the world's top five no doubt, in fact, China is the only country from military spending to the main war weapons can be fully competitive with the United States.

Then again, household appliances, China, South Korea, Europe occupy a major share of the world. Another example is the communications equipment industry, Huawei ZTE is the world's first in terms of technology level, output value and profits. Civilian drones, DJI is the world's first in technology and production value and profits.

Again, for example, marine engineering equipment, that is, offshore oil rigs and marine engineering ships, the global market is held by China, South Korea, Singapore three strong, China accounted for 35% of the global share, ranking first in the world.

China is not only ubiquitous, and basically in the world's top five.

The third point is the whole industry chain and the developed countries to compete in the case of China's industry is still growing at a high rate, while the developed countries have long been stagnant.

In terms of total output value, China's industrial output value in 2015 is already the sum of the United States + Japan, and the current view of China's industrial output value growth in 2016 at about 6%, and will continue to maintain a growth rate of about 6% in the future. As I wrote in my article on how China's future fortunes will be, as long as China maintains this pace, by 2025 China's industrial output will exceed that of all developed countries combined, and China's per capita industrial output will reach the Western average.