Over the last 40 years, the second-largest economy in the world has transformed itself from a poverty-stricken country with miserable living conditions to a rich, urban metropolis that has become a manufacturing superpower. Its transformation story might be the best I’ve ever seen.

However that dominance is now under threat. Behind the continued success of its mass production factories that created a third of all available goods in the world, the country is unfortunately regressing towards an increasingly hostile rule that has already caused companies to look elsewhere and move their factories to other countries. And an increasingly aging and shrinking population meant that China would only get less and less attractive for companies to center its production on, especially those that heavily rely on lots of cheap labor.

So, how did China rise to become the world’s main factory? What are the main threats to China’s competitive advantage in manufacturing? How all of this can actually be good for its own economy? And lastly, if China is not the world factory anymore, who will replace its role? A bit of spoiler, in the ideal scenario China itself should be able to replace China.

0:00 Introduction
2:06 The Rise of Chinese Manufacturing
5:58 The Eventual Decline
10:47 China's Necessary Economic Transformation
15:51 If China is not the World’s factory anymore... Who will replace it?

Music by Epidemic Sound

Stock Footage by Storyblocks

#China #Finance #Doverhill

about economics explained, about Finance and how money works, on China world factory, how it lost it, and if China is not the world factory anymore who will replace its role, This is an economics/finance video