Workers at a factory of Chinese telecoms company Oppo in Dongguan, Guangdong province. China is losing its labour premium as the world’s factory because of both rising wage costs and a lower labour supply. Photo: Xinhua
Opinion
Opinion
Three reasons China’s economy is strong but not invincible
- China’s economy is surging while the rest of the world struggles with the pandemic, bringing the day it surpasses the US as the leading economy ever closer
- Even so, China’s demographic time bomb, an only partially liberal financial market and systemic weakness in frontier science and technologies threaten its rise
Workers at a factory of Chinese telecoms company Oppo in Dongguan, Guangdong province. China is losing its labour premium as the world’s factory because of both rising wage costs and a lower labour supply. Photo: Xinhua
