Don't look down on the manufacturing industry and rush to transform into the service sector.

Look at the poster children of the U.S. stock market bull run—the most talked-about stocks like

Tesla, Apple, and NVIDIA—

they are essentially all manufacturing companies. It's fine to categorize them as consumer discretionary (NVIDIA might be more B2B, but it was once a high-end consumer product). As for Amazon, it's also the retail end of manufacturing.

The spectrum of manufacturing is quite broad, ranging from Red Wing boots to SpaceX and Boeing—all are part of manufacturing.

Our manufacturing output accounts for one-third of the global total, more than the combined output of the next nine countries. In terms of quantity, we are undoubtedly the global manufacturing unipolar, just like the U.S. is the unipolar in military power.

In terms of quality, of course, we are still far behind, but aren't we striving to move up from low-end to high-end?

Upgrading industrial chains, technological capabilities, and high-value-added segments.

Is there anything wrong with this strategy? No.

If you focus on the service sector, the commercial added value is indeed high, and it can be very profitable.

Small countries going all-in on services can easily become extremely wealthy (like Singapore).

But can the service sector accommodate a market of over a billion people and an aging workforce of 700 million?

In short, pushing for manufacturing and upgrading it is the right path.

If the overall policy shifts toward the service sector, I’d find it downright bizarre.

And the U.S. would definitely love for you to transition more into services and lose your industrial capabilities—that way, you’d pose zero threat.