By output, China has become the world's number one producer, bringing the country back to its position in the early 19th century, breaking the history of the United States occupying the world's number one commodity producer for 110 consecutive years. A study published by the global consultancy, Global Crosslinks, on the 14th revealed the change. The report estimates that China accounted for 19.8% of world manufacturing output last year, slightly higher than the US 19.4%. The famous economic historian, Robert Allen of the University of Oxford's Nuffield College, said that China's return to the first position marked "the end of the 500-year economic history." Deborah Wins-Smith, chief executive of the Competitiveness Commission in Washington, said that China has replaced the United States for more than a century and the United States "should be worried." She said: "This shows that the United States should not be based on commodity production in the future, but should be based on innovation and manufacturing-driven emerging services to participate in competition." China last time became the world's largest commodity producer in 1850, when China was long-term Population growth and technological advantages are coming to an end. With the support of the industrial revolution, the United Kingdom became the number one producer of industrial products and occupied this position for nearly 50 years, after which the United States began its long period as the world's largest producer. Nicholas Krafts, an expert on long-term economic change, said at the University of Warwick in the United Kingdom: "This marks a fundamental change in the global division of labor (in terms of commodity production) and is unlikely to reverse in the near future." Economic historians In 1830, China accounted for nearly 30% of world manufacturing output, down to about 6% in 1900 and only 3% in 1990. Since then, China has been rapidly catching up with the United States, thanks to China's low labor costs, strong investment by foreign companies and a rapidly growing economy. Alan Tomelson, a conservative researcher and researcher at the US Business Council, described the transformation of the number one status as a "alarm" to the United States. He said that this is driven by China’s actions to shift resources to domestic manufacturing over the past decade. However, Mark Kilion, who is in charge of World Industrial Services, said that the conclusions based on the latest data are not bleak for US manufacturing. “The productivity advantage of the United States is very large. In 2010, its manufacturing output was only slightly lower than that of China, but its manufacturing industry employed 11.5 million workers, while the same sector in China employed 100 million people.†In addition, Kilion pointed out that China A large part of manufacturing output is driven by Chinese subsidiaries of US companies and is based on technology originating in the United States, especially in electronics. According to Global Insight data, the world's manufacturing output in 2010 was 10.078 trillion US dollars. After adjusting for inflation, it actually increased by 9.7% compared with the corresponding figure in 2009, indicating that the economy is recovering strongly. These figures are derived from data collected by statistical agencies around the world and are several months ahead of government agencies such as the United Nations and the World Bank. The exchange rate of the RMB against the US dollar increased by 3% from 2009 to 2010, which also increased China's output figures in US dollars in 2010.
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