Google the countries that will replace China. It is already determined who is going to take over from China
I goggle and no country can replace China.
not really. West is already moving production away from China. China is getting to old and without cheap workers it will nose dive while the west can just move production to another country.
The west is moving the very cheap products from China. Same as China trying to go up chain. Going for higher value product. Concentrating in very low value is no good for China trying go upline to start first world country. But high value product like PC , smartphone are still mainly produce in China. Example Foxconn is still the number one supplier for apple. No countries in near 20 years is going to replace China as electronic powerhouse. This is a real fact. If you want to live in denial. Please go ahead.
One fine example of China going upchain is, why she has not devalue renminbi to compete with other competitor like what Japan is doing?
China economy is going down badly, its exporting is tumbling , its stock market is falling . Poor Chinese r just trying to survive during this hard time.
Dont forget that last winter, some Chinese kids frozen to death in trash bins due to lack of food and warm shelter .
Every countries has people killed in cold. Even US is not spare. What are you trying to prove?
But why I don't see luxurious brand are banking on other countries but instead on China? What does this show?
Luxury goods in China: Beyond bling | The Economist