In the past half century, China has been a miracle of the global economy of . After decades of economic development, China has established its status as a super-large economy and has become an important participant in the world economy through globalization. In a short period of time, China surpassed Germany and Japan to become the world's second largest economy.
From 2013 to 2021, China's average contribution rate to the world economy reached 38.6%, exceeding the G7's total. China is the primary driving force for world economic growth. During this period, China's economy grew by 6.6%, higher than the world average of 2.6% in the same period. China surpassed Germany in 2007 and Japan in 2010, the gap with the United States is gradually narrowing. In 2021, China's GDP reached , , accounting for 18.5% of the world, reaching 77.1% of the United States, 24.6% higher than in 2012, and 3.6 times that of Japan. This is a new height that has never been seen in history.
After in World War II, Germany and Japan created the "German economic miracle" and "Japanese economic miracle" that shocked the world, but when the "Chinese economic miracle" was presented to the world, Japan and Germany began to be overshadowed. Germans advocate complexity and exquisiteness, Japanese prefer small and exquisiteness, while Chinese prefer magnificent and grandeur, and have a special liking for super-large scale. Over the past 40 years, the world has witnessed the glory and fastest growth rate of China, a super-large economy.
China's economic catch-up with Japan has completely changed the economic structure of Asia. In 1995, Japan's economic strength reached its peak, with GDP reaching US$5.55 trillion, accounting for 17.86% of the world. In 2010, Japan's GDP accounted for 8.65% of the world. It was in this year that China's GDP successfully surpassed Japan and became the world's second largest economy. By 2021, Japan's GDP will only account for 5.14% of the world, less than 80% of the world's GDP in 1970.
China not only surpassed its total economic output, but also successfully impacted Japan and Germany in many important industrial fields. In 2000, Japan's crude steel production was 106 million tons. Japan's 20 years have been fully reflected in the steel industry. In the past 20 years, steel production has not increased but decreased. In 2020, Japan's crude steel production was 83.19 million tons, a year-on-year decrease of 16.2%. In 2021, Japan's crude steel production was 96.33 million tons, and increased by year-on-year, accounting for about 5% of global crude steel production, the first increase in seven years.
The significant increase in Japan's crude steel production in 2021 is a recovery growth and there is no possibility of sustained growth. In 1980, Germany's steel production was 43.84 million tons, 46.37 million tons in 2000, and fell to 35.7 million tons in 2020. In 2021, China's crude steel production reached 1.033 billion tons, accounting for more than 50% of the global crude steel production, more than 10 times that of Japan and more than 30 times that of Germany. Over the past 20 years, China, Japan and Germany have undergone amazing reversals in the steel field.
The history of world steel is the rise and fall of a great power. In history, countries whose crude steel production accounts for more than 50% of the world's total output were Britain in the 19th century, the United States in the 20th century and China in the 21st century. Therefore, steel is the foundation of national prosperity. As the steel field reverses, the development of related industries will follow.
In the automotive field, China, Japan and Germany have also entered a reversal moment. In 2021, Japan's total automobile exports were 3.82 million vehicles, ranking first in the world; Germany's total automobile exports were 2.3 million vehicles, ranking second in the world; China's total automobile exports were 2.015 million vehicles, surpassing South Korea and ranking third in the world.
In the first nine months of this year, China's total automobile exports reached 2.117 million vehicles, a year-on-year increase of 55.5%, surpassing Germany to become the world's second largest automobile exporter. According to current trends, China is expected to surpass Japan to become the world's largest automobile exporter next year. In this way, China's automobile exports surpassed South Korea, Germany and Japan for three consecutive years, ushering in a brilliant moment in China's automobile industry.
Japan and Germany are both industrial countries, and the automobile industry is the core force. Thanks to the support of the strong automobile industry and related industries, Japan and Germany created miracles of rapid economic development after World War II respectively. But in the new round of technological revolution , it is the general trend to replace fuel vehicles in new energy vehicle . China and the United States seized the historical opportunity and took the lead in making efforts to leave Japan and Germany behind.In particular, China's new energy vehicles have grown more than 700 times in the past decade, showing an explosive growth trend, not only creating a large number of high-end jobs, but also bringing huge wealth growth.
In just over a decade, China's economy has surpassed Germany and Japan with a magnificent momentum. The next goal is to surpass the United States and achieve the world's number one economic output. I believe this historic moment will come soon!
