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China’s economy is way more screwed than anyone thought (www.businessinsider.com)

submitted 1 year ago by vinniep@beehaw.org to c/news@beehaw.org

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[–] vinniep@beehaw.org 5 points 1 year ago

Most of the west has already been dealing with this for decades, and the way they typically deal with it is through offshore manufacturing and immigration. The process has been to identify a low cost nation, build up enough infrastructure to work from there, move manufacturing to that nation, and then when the nation becomes wealthier and no longer able to be exploited, restart the process. We've seen this cycle with India and China, and now it's starting to branch out (a lot of South American nations are being bulked up as "near-shore" partners that are cheap, but also in the same timezone and closer for shipping). Africa is another continent with a lot of potential future options.