infrastructure, vast amount of cheap labor, and advancements in technology have helped China’ industry grow at such an awesome speed. Since 1996, China has been the leader in production of steel, coal, cement, farm-use chemical fertilizer and television sets. Manufacturers, miners, utilities and builders accounted for over 45% of China’s GDP in 2012. In America, by contrast, they typically contribute less than 20%. Also in 2012, China had the 28th fastest industrial production growth rate in the world at 7.9%…
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