How China's Economic Miracle Went Off the Rails
Plain English with Derek Thompson
The Origins of China's Competence in Manufactured Products
China's success in manufacturing can be traced back to the late 90s and early 2000s when foreign businesses invested heavily in the Chinese workforce. This has led to American companies offshoring their jobs and China becoming skilled in producing sophisticated products. Companies like Foxconn, Apple, and semiconductor firms took advantage of the cheaper workforce and trained them to make exceptional products. The growth in manufacturing has also played a significant role in China's success in the electric vehicle industry.
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