China is slowing, but surely, going towards a service oriented economy. The stated goal of the PRC governement for their next 5-year plan was to move from 40% o

China is slowing, but surely, going towards a service oriented economy. The stated goal of the PRC governement for their next 5-year plan was to move from 40% of the economy in services to 70%. This goal is, IMHO, attainable for China which not only has a vast higher education system, but is also following the example of Japan, Korea and Taiwan who went through the same transition. As that will clearly decrease the need for manufacturing in China, the ability for us to print the goods they are now creating cheaply will hardly affect their economy.