minus-squaremorry040@kbin.socialtoWorld News@lemmy.world•Biden told Xi after Putin meeting: Be careful, your economy depends on Western investmentlinkfedilinkarrow-up23arrow-down1·1 year agoThere are plenty of alternatives (e.g. Vietnam or Mexico), but China still offers enough advantages to make it the preferred option. This article explains it well: https://www.china-briefing.com/news/reshoring-from-china-to-mexico-how-prevalent-is-it-really/ If you look at various economic indicators, it seems likely that we have reached the peak of China’s production. Exports peaked in Dec '21: https://www.ceicdata.com/en/indicator/china/total-exports Population - declining: https://www.ceicdata.com/en/indicator/china/population Labour force participation rate - declining: https://www.ceicdata.com/en/indicator/china/labour-force-participation-rate Employed persons - declining: https://www.ceicdata.com/en/indicator/china/employed-persons Manufacturing wages - doubled in the past 10 years: https://tradingeconomics.com/china/wages-in-manufacturing linkfedilink
There are plenty of alternatives (e.g. Vietnam or Mexico), but China still offers enough advantages to make it the preferred option. This article explains it well: https://www.china-briefing.com/news/reshoring-from-china-to-mexico-how-prevalent-is-it-really/
If you look at various economic indicators, it seems likely that we have reached the peak of China’s production.
Exports peaked in Dec '21: https://www.ceicdata.com/en/indicator/china/total-exports
Population - declining: https://www.ceicdata.com/en/indicator/china/population
Labour force participation rate - declining: https://www.ceicdata.com/en/indicator/china/labour-force-participation-rate
Employed persons - declining: https://www.ceicdata.com/en/indicator/china/employed-persons
Manufacturing wages - doubled in the past 10 years: https://tradingeconomics.com/china/wages-in-manufacturing