In the last 30 years, the Chinese economy has seen unprecedented growth, going from $318 billion in 1990 to $10.5 trillion in 2020, with GDP per capita growing in a similar ratio from $318 per person to $12,500, accounting for 20% of the global GDP today. Despite the common notion of manufacturing driving the economy, the manufacturing sector has only accounted for about a third of it, reaching an all-time low in recent years.