Not the start of the decline of globalisation – just of China's dominance
Determined to have his FDR moment, Joe Biden’s latest policy seems likely to have put ...
Disturbing story if you plan to do most of your sourcing in China. Its supply of cheap labour – rural peasants moving to the cities in search of work – is running out, and much quicker than Beijing originally calculated. By 2020, its surfeit of labour will have vanished, and as a result of its one-child policy and an ageing population, may well have to begin importing migrant workers to plug the gap.
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