Two misconceptions about China's manufacturing:
🔹Chinese products are cheaper because of cheap quality and/or cheap labor
🔹Labor-intensive manufacturing will definitely move out of China
People don't understand China's embrace of and innovation in automation/robotics.
Even in textile and apparel, which are much harder to automate than, say, other sectors.
🔹Chinese products are cheaper because of cheap quality and/or cheap labor
🔹Labor-intensive manufacturing will definitely move out of China
People don't understand China's embrace of and innovation in automation/robotics.
Even in textile and apparel, which are much harder to automate than, say, other sectors.
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