Manufacture Product Or Import From China? – With One Child Or Two?
If only China knew decades ago of its future explosion in the global marketplace, it surely would hot have implemented a one-child policy as they have done over the past decades. Now Beijing is faced with a huge demographic challenge.
With the explosion of trade with China, business is booming and needless to say, every other product today is manufactured or “Made in China”. But China is faced with a shrinking workforce in the urban areas. Their long-standing one-child policy is now making life difficult for China but it is not too late to reconsider the policy for future growth.
Chinas one child-policy has worked very well in the past. If we consider that China has a population just under half a billion, it is pretty impressive that this policy has kept the Chinese people out of full poverty. We have to give the policy its credit. It did serve its purpose.
Since China has become a key player in the product manufacturing and import/export world, it is an economic reality we have to be aware of. If the one-child/family-planning policy is reviewed soon enough, it could...