5 Reasons Why Chinese Manufacturing Will Decline Rapidly

An employee works on an assembly line producing speakers at a factory in Fuyang city, in China's eastern Anhui Province on Nov. 30, 2022. STR/AFP via Getty Images

Commentary

China has always been considered a major manufacturing country, playing a pivotal role in the global industrial division of labor. However, I believe we will see a rapid decline in Chinese manufacturing, and China will lose its status as “the world’s factory.”