China has been the world's No. 1 manufacturer since 2010, after overtaking the US, which had been No. 1 for the previous hundred years. China has also been No. 2 in high-tech manufacturing since 2012, according to US National Science Foundation. China is the second largest retail market in the world, next to the United States. China leads the world in e-commerce, accounting for 40% of the global market share in 2016 and more than 50% of the global market share in 2019. China is the world's leader in electric vehicles, manufacturing and buying half of all the plug-in electric cars (BEV and PHEV) in the world in 2018. China is also the leading producer of batteries for electric vehicles as well as several key raw materials for batteries. China had 174 GW of installed solar capacity by the end of 2018, which amounts to more than 40% of the global solar capacity.