"They've largely built out their core infrastructure and mopped up most of the spare labour pool." What? There are 750 million (that is twice the population of

"They've largely built out their core infrastructure and mopped up most of the spare labour pool." What? There are 750 million (that is twice the population of the US, or 1.5 times the population of the EU) subsistence farmers in China. And that's only counting subsistence farmers as spare labor.