1 abr. 2016

"The end of the Chinese miracle"


Very interesting video. China has to make and sell more value added stuff to keep its economy growing. At the same time, I imagine it's good news for the Chinese that their salaries are growing (hopefully inflation isn't eating away that growth), and even better news for all the countries that are now competing with China, like Indonesia or Vietnam. Even Mexico and the United States are seeing the benefits of their resulting increase in relative competitiveness.

We in the diecast collecting community have been able to see this ourselves in the last few years, as companies like Matchbox and Tomica moved their production from China to Thailand and Vietnam, for instance.

I wonder how long will it take for us to start seeing more goods manufactured in Africa, which should be the next step.

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