GS Zhou
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How many days China's manufacturing industry needs to generate the value that equivalent to vietnam's fullyear result?
The answer is 2.97 days, even less than 3days.
According to the world bank database, in 2015 (the year with the latest available data), China's manufacturing-industry value-added was $3,250. 42 billion; the vn figure was $26.46 billion, i.e. 0.8142% of China.
Supposed the value is generated evenly throughout the year, theoretically, 2.97 days needed for China to generate the corresponding vn amount. ( 0.8142% * 365 = 2.97)
BTW, in 2005, China still needed 5.40 days for this job. But in 2015, it reduced to 2.97 days. I.e. in the past 10years, the manufacturing sector gap between the two countries are becoming even wider.
link to the data used:
https://data.worldbank.org/indicator/NV.IND.MANF.CD?locations=CN-VN
BTW, China will soon start its week-long Chinese New Year vacation. I.e. China is going to lose 2.4x of vn's full-year industry value during the seven days. sad
The answer is 2.97 days, even less than 3days.
According to the world bank database, in 2015 (the year with the latest available data), China's manufacturing-industry value-added was $3,250. 42 billion; the vn figure was $26.46 billion, i.e. 0.8142% of China.
Supposed the value is generated evenly throughout the year, theoretically, 2.97 days needed for China to generate the corresponding vn amount. ( 0.8142% * 365 = 2.97)
BTW, in 2005, China still needed 5.40 days for this job. But in 2015, it reduced to 2.97 days. I.e. in the past 10years, the manufacturing sector gap between the two countries are becoming even wider.
link to the data used:
https://data.worldbank.org/indicator/NV.IND.MANF.CD?locations=CN-VN
BTW, China will soon start its week-long Chinese New Year vacation. I.e. China is going to lose 2.4x of vn's full-year industry value during the seven days. sad