- Joined
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chinas growth isnt new
its the same shit that happened in korea, japan and taiwan. they get a temporary boost with cheap manufacturing because their wages are low.
the difference is the other countries invested it into creating their own high technology manufacturing. mitsubishi, samsung, honda, toyota, quanta etc. so that once their wages went up, they just made and exported their own goods and everything rolled on. china hasnt done that, as their "taking advantage of low wage" boost is coming to an end, what are they going to build and export after that?
Are you kidding me? Hisense, LiuGong, Huawei etc.
And yes, the same thing happened in those countries except those countries are small while China has 1/5th of the world population in its borders.