China has gone from one of the poorest countries on Earth to building the world's largest economy, responsible for nearly one-third of global manufacturing. ...
All these people’s observations pivot on the assumption that China’s edge as a manufacturing power house is centred on its cheap labour. Coupling with the demographic changes, increasing wages, labour shortages in low level factory work, other Global South countries will become formidable competitors to China. But it is far from truth. China is now prioritising on high level manufacturing and it doesn’t mind some factories shifting to other countries. And no other country can match China’s edge in manufacturing in next 20 years. Building state of the art factories creating proficient work force, massive supply chain network is not easy to build from scratch.For an eg: All the small and big components that goes into manufacturing something like a electric device has to be imported in the case of other countries, but in China is just right next to the assembly factory. That kind of maturity in manufacturing is not build in a whim. It knows the challenges but other than China no other country can adapt this fast to changes with out becoming a imperialist or Neo-colonists. Yes, China is going to be uprooted as the manufacturing power house very soon, all we need is to cope and seeth little harder.
I remember reading a report in polish liberal media in 2019, that labour protection, statistical labour time and wages in absolute numbers (not even PPP but absolute) are already better in China than in Poland and are constantly improving.
All these people’s observations are literally regurgitation of CNN or MSNBC reports. I’ve been hearing other liberals saying the same exact thing this week which usually means that its the bourgeois media opinion du jour lol
Have you watched the video though?
Please have some solid knowledge before posting/engaging
All these people’s observations pivot on the assumption that China’s edge as a manufacturing power house is centred on its cheap labour. Coupling with the demographic changes, increasing wages, labour shortages in low level factory work, other Global South countries will become formidable competitors to China. But it is far from truth. China is now prioritising on high level manufacturing and it doesn’t mind some factories shifting to other countries. And no other country can match China’s edge in manufacturing in next 20 years. Building state of the art factories creating proficient work force, massive supply chain network is not easy to build from scratch.For an eg: All the small and big components that goes into manufacturing something like a electric device has to be imported in the case of other countries, but in China is just right next to the assembly factory. That kind of maturity in manufacturing is not build in a whim. It knows the challenges but other than China no other country can adapt this fast to changes with out becoming a imperialist or Neo-colonists. Yes, China is going to be uprooted as the manufacturing power house very soon, all we need is to cope and seeth little harder.
I remember reading a report in polish liberal media in 2019, that labour protection, statistical labour time and wages in absolute numbers (not even PPP but absolute) are already better in China than in Poland and are constantly improving.
All these people’s observations are literally regurgitation of CNN or MSNBC reports. I’ve been hearing other liberals saying the same exact thing this week which usually means that its the bourgeois media opinion du jour lol