3 ms·
So weird to read that they are moving production away from China because of high labor costs. Truely the beginning of a new age.
by konschubert 9y ago
So weird to read that they are moving production away from China because of high labor costs.
Truely the beginning of a new age.
- cm2187 9y agoEconomists tend to forecast at 30 years by extrapolating the last few years. It is not obvious to me that the chinese economic miracle of the last 20 years, largely fueled by foreign investments (every industry in the world outsourcing to China), and after 2008 by domestic debt, is sustainable and reproducible in the long term.