Well, it’s kind of a choice kind of material conditions. China’s become prosperous and educated. Their citizens are starting to demand imports and better jobs. It’s not going to give up the manufacturing game for many decades but it’s definitely ramping down whether it wants to or not. It’s not really a problem for western consumption, there are plenty of struggling countries with cheap/free labor to exploit around the world.
And China’s been eyeing up moving out of the manufacturing game, which will be a wrench in our plans.
Over way around, we’re eyeing up leaving China and production slowly is.
China cannot afford to not have a manufacturing industry. It would be political suicide for the party to move towards agrarian or a service economy.
…what. They’re everyone’s largest trading partner, why would they do that?
Well, it’s kind of a choice kind of material conditions. China’s become prosperous and educated. Their citizens are starting to demand imports and better jobs. It’s not going to give up the manufacturing game for many decades but it’s definitely ramping down whether it wants to or not. It’s not really a problem for western consumption, there are plenty of struggling countries with cheap/free labor to exploit around the world.