China’s share in factory jobs to rise further

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WASHINGTON, United States—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.

Major Western economies seriously questioned their reliance on China for goods as bottlenecks clogged global supply chains following the Covid-19 pandemic. The United States is also keen to limit China’s advancement in the production of cutting-edge technology, such as semiconductors necessary for the development of artificial intelligence.

Manufacturing jobs are expected to hold steady across low-income countries at below 8 percent of total employment.

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MlaStandard /  🏆 20. in PH

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