Part 7/10:
A significant element of China's rapid economic ascent was its manufacturing sector. Following the 1978 reforms, the focus on export-led growth allowed China to position itself as the "world's factory." This strategy not only created jobs but also facilitated technology transfers and boosted national income. Since 1978, China's industrial growth consistently outpaced India’s, with indications that by 2020, manufacturing constituted 26% of China’s GDP compared to approximately 14-15% in India.