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Author: Peter Latos – Partner, EY-Parthenon Leader
China’s Pressure 2.0
China’s "Industrial Pressure 1.0" arrived with the wave of Chinese imports in the early 2000s, following China's accession to the World Trade Organization (WTO). It was a shock involving costs and scale, concentrated in labor-intensive, lower-value-added manufacturing, with the most visible damage to labor markets occurring in the US.
China’s "Industrial Pressure 2.0" differs in that..........
For more information, please see the Romanian version of the article, here.
