China is not doing anything new. They are basically following the same footstep of Japan and South Korea. Produce cheap stuff, make money, move wages up, copy, innovate, then finally create its own brand and technology. They are now just in the transition phase from export economy to consuming market with the rise of middle class. China won't be able to keep the same economy engine in next 10 years, wages is rising too high and there are so many other cheaper alternatives. The challenge now is no longer about moving the production to cheaper country, but to compete with autonomous system which now occupy more and more factory. Generate the job using cheap labour might no longer be the thing in next decades, countries like Ethiopia might be the last place that can do that before the robot coming in and mostly replace human labour.
Topic: Ivanka Trump’s shoe collection moving from China to Ethiopia (Read 968 times)