March 4, 2010 6:24 PM

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China surpass Japan as world no.2 manufacturer: UNIDO

The United Nations Industrial Development Organization says China has pipped Japan to become the second largest industrial manufacturer in the world. According to the International Yearbook of Industrial Statistics 2010, of UNIDO, China's share of the global total of manufacturing value stood at 15.6 per cent, slightly higher than Japan's, at 15.4 per cent. The US maintains its number one spot, at 19 per cent.<br/><br/>The UN pointed out that while China has a lead in absolute amount of production, Japan is still the world's most industrialised country in terms of manufacturing value per capita, totaling nearly 9,000 dollars, compared to 700 dollars for China. UNIDO said the three countries–the US, China, and Japan produce half of the world's manufacturing output.<br/><br/>The report also said that two more developing countries–India and Brazil– figure in the list of top 10 industrial manufacturers globally, at the ninth and tenth positions.<br/>

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