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.
…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.