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No. Some of those geopolitics folks believe they're kind of screwed population-wise as China has mostly focused on low-value manufacturing which requires a LOT
by 7thaccount 3y ago
No. Some of those geopolitics folks believe they're kind of screwed population-wise as China has mostly focused on low-value manufacturing which requires a LOT of workers, but due to various policies like one-child, they have a population that is rapidly aging and retiring. One of the CCP's lead data scientists said something to the tune that they over-counted by 100M young people. Also, Chinese labor is no longer cheap...Mexico and many other Asian and African countries are now more affordable.
America is slowly entering an era of reshoring our factories to control low value manufacturing and high value products.
- lr4444lr 3y agoPeter Zeihan? Is that you?
- 7thaccount 3y agoShucks, I would have gotten away with it too if it weren't for you meddling kids. Just kidding. But yeah I think Zeihan is one of the most outspoken on the issue. I've seen a few others as well and assume it isn't just groupthink coming from Zeihan. As a counter example to his points about China not having any high value would be a recent PBS Nova episode on China's tech sector that goes over some success stories like Huawei. Nobody can tell the future, so take what I said further above with a grain of salt. I think the demographics angle is pretty important though as well as China's need to import food due to bad geography that requires a large and fairly manual workforce that no longer exists after urbanization. Interesting stuff.