A country of 1.35 Billion does not have a labor problem.
No, and they have a lot of folks in the farm sector that can
be transported into the major manufacturing centers to work.
I believe they have a deep well of warm bodies to be used
for manufacturing type jobs.
LOL. The average age of China will surpass the U.S. by 2030, if not sooner. You are not taking into account how rapidly the workforce is aging. And 1.35 billion is their exaggerated number. It’s less than that.
RE: A country of 1.35 Billion does not have a labor problem.
Maybe a non-slave labor problem.
Dissidents’ and ethnic minorities’ free labor may cut down job availability for normal paid workers.
They do if the median age is 50 and the birth rate is .8.
“A country of 1.35 Billion does not have a labor problem.”
I think they have a consumer problem. It’s difficult to surpass the US when your economic growth depends so much on selling things to US consumers. If the US gets poorer than you, its consumers will be less likely to buy from you, and your growth will be thwarted.
If they want the Chinese to consume like Americans do, they’ll have to become more like America. I don’t think they want to.