China has realized this, and that's what it's pivoting toward. Having learned last three decades from the US/Europe model, they are now intent on moving up the eco ladder, and fully competing with them.
You mean countries just want to move up in the value chain and their citizens don't want to work in factories forever?
China hasn't realized anything. It's just natural progression for any country's development.
China hasn't realized anything. It's just natural progression for any country's development.
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is economy a zero sum game?
It's more a relative power (a zero sum game) thing than an economic thing.