China’s large labor force has been central to its rise as an economic power, allowing companies to tap a seemingly endless pool of workers willing to move from their home towns, often live at the factory site and accept comparatively low wages. That era is ending. In a shift that is intensifying the economic competition between China and the United States, China’s working-age population has plateaued in size and will begin getting smaller sometime in the next five years, according to demographers and recently released census data.
China’s Workforce Is Expected To Start Shrinking In Next Few Years
Howard Schneider, Washington Post
Tue, 05/31/2011 - 5:41pm
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