China Challenges - Andrew Baxter
For years chatter has persisted about China’s growth threatening to take them to the top of the world order. More recently however, China has been facing some challenges affecting the size of their economy and just what type of economy they may be set to become. The Last 15 Years in China Host Andrew Baxter equates China’s last 15 years to something similar to an internal industrial revolution. A shift away from a historically agriculture based economy to a major manufacturing and technological centre of the world has seen the Chinese economy boom. Though the agriculture and primary production remains strong in China, Chinese citizens have moved into more urban areas in their droves with such major industry coming into the country. Cheap labour has historically been a major drawcard for competitive businesses looking to manufacture their goods more cheaply. China also has not adopted a flo...