China remains center of global manufacturing value chains, report shows

China continues to be the center of global manufacturing value chains, according to a report released by the Boao Forum for Asia on Tuesday.

The report, "Asian Economic Outlook and Integration Progress Annual Report 2025," noted that since 2017, global trade in intermediate goods has been more reliant on China than on North America.

In 2023, global dependence on China for intermediate goods stood at 16 percent, compared with 15 percent for North America, it said.

"The trade frictions provoked by the United States in 2018 have not elevated its position in the global value chains of manufacturing, but have broadened its gap with China in terms of their importance across the global values chains of manufacturing," read the report.

In addition, the report also showed China's dominant position in global value chains.

Despite the relocation of trade in some goods from China across global value chains since 2021, China has managed to keep its dominant position in the chains, not to mention the increasing dependence of some technology-intensive products on the country, according to the report.

In 2023, China remained a leader in 20 of the world's most traded 22 intermediate goods, indicating its continued clear advantages in the global supply chains, it said.

(With input from Xinhua)