-China has nearly 3 million production plants, factories, and workshops covering a broad range of products. China’s low cost of labor and massive labor force led many multinational companies to outsource their manufacturing operations to China in recent decades, and it is often referred to as “the world’s factory.”
-China’s rapid development of infrastructure–a well-developed network of ports, airports, and roads, as well as a large fleet of ships and planes that transport goods around the world–has solidified its leading role in the global supply chain, even as new countries are beginning to challenge China’s supply chain dominance.
-While China’s role in the global supply chain was impacted by the COVID-19 pandemic, as well as by ongoing trade tensions with the United States, it is likely to continue to play a significant role in the global supply chain in the long term.