China's share of global manufacturing jobs will increase by 2050, according to a study out Monday, even as the United States and European Union aim to be less reliant on its products.
The Asian giant's share of global manufacturing jobs will rise to 43 per cent of the total by that year — making China one of the only countries to see growth in such jobs during that time, according to a study by the Washington-based Center for Global Development.
Major Western economies seriously questioned their reliance on China for goods as bottlenecks clogged global supply chains following the Covid pandemic.
Delays and price increases fueled a wave of inflation which is still affecting the global economy, prompting the European Union and United States to implement a risk-reduction strategy concerning China.
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