Global network reporter Zongze According to the Irish Times March 14 news, in terms of production, China has become the world's largest producer. The report argues that China is returning to the "throne" of the 19th century and ending the history of the country's largest producer in 110 years. A study by the US consultancy firm, "IHS Global Perspective," reveals the fact that China and America are changing positions, the report said. According to the study, China accounted for 19.8% of global production in 2010 years, slightly above the 19.4% in the United States. In this regard, Allen, an expert at the Nuefeld College in Oxford University, said the return of China first marked the end of the 500-year cycle of world economic history. However, some experts say "the United States should be concerned" about this shift, and said that the United States in the future to maintain its competitive edge, should be in the service sector and innovation areas. According to the report, the IHS Global Insight Company's data show that in 2010 the world's total production value of 10.078 trillion U.S. dollars, compared with 2009 growth of 9.8%, indicating that the global economy after the economic crisis began to turn to recovery.
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