«“You get this sense of a change, where China’s competitiveness has gone from being about government subsidies and low wages to a tremendous number of highly skilled, educated engineers who are innovating like mad,” British energy supplier Octopus CEO Greg Jackson told the newspaper.
…
And it’s not just a desire to keep margins low through the automation of human labor.
“China has quite a notable demographic problem but its manufacturing is, generally, quite labor-intensive,” Bismarck Analysis analyst Rian Whitton told The Telegraph. “So in a pre-emptive fashion, they want to automate it as much as possible, not because they expect they’ll be able to get higher margins — that is usually the idea in the West — but to compensate for this population decline and to get a competitive advantage.”»
https://futurism.com/robots-and-machines/western-executives-shaken-visiting-china
Bear this in mind the next time you see some article talking about population decline in China.
Meanwhile, OrangeManBad et al. just want to go backwards in time, to muscular white men making steel with big hammers.