Dealer Operations
The Wolf Is Really Coming: Every Industry in China Will Face a Shakeout Next Year
As the world's second-largest economy with a population of 1.4 billion, China's economic transformation will have profound impacts on global economic patterns. Rising labor costs are turning China's advantage into a disadvantage, forcing labor-intensive manufacturing to move to lower-income countries, while traditional marketing and business models are becoming obsolete, pushing enterprises to transform or face extinction.
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