China's Perfect Economic Storm?

Chinese factors that are impacting or will impact the global economy and US real estate:

  • Running out of cheaper, rural workers to bring to industrial cities
  • Lower wages in less developed competing nations
  • Lower product-demand in slow- and no-growth markets
  • Transportation costs shipping goods around the world versus local manufacturing
  • Aging population
  • Future impact of one-child policy

Answer and delema: Increasing manufacturing automation; however, unemployed/robot-replaced workers can't afford manufactured goods. Will there be enough other jobs?

See also:China's Perfect Economic Storm? China’s demographic perfect storm and robots.

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About Tom Usher

Property and casualty insurance broker/producer