Quote from: WillyAp on Today at 02:11:05 PM

Quote from: DrBeer on Today at 09:31:02 AM

You see what the problem is - Asian, African market of course is good. BUT ! This market is not ready to buy a lot, expensive and for a stable currency like dollar or euro. In addition, neither Asian nor African markets will bring investment and technology to the Chinese economy! That is why the Chinese economy is dependent on the Western market.

Exactly, due to the root of all problems, wages are too low.
Sad is that the EU seems to be blind in that regard.

Few countries try to counter those cash problems in offering schooling to the working class.
Scandinavia, the Baltic States go that way. China in parts but their economy is still more export driven.

I apologize but you are wrong, if I understood your answer correctly. if I did not understand correctly - correct me, maybe I really misunderstood you....
But... One of the problems with China is that just in the last decade China has seen a rise in incomes and living standards. That has led to some changes. Starting with the fact that population growth has gone down - both the impact of the "one family, one child" program and the actual rise in the standard of living of the Chinese. And as you know, the higher the standard of living, the lower the number of children in families. 1-2 children is normal, but not 5-10 children. And this is a resource for cheap labor.
Rising incomes, also raised the level of labor force demands. And hence the cost of the final product also rises. I'm sure you understand where this leads.
At the same time, the internal crisis has led to an increase in unemployment. Now they are already talking about almost 30% unemployment among the young population. And the issue is not only that there are no jobs, but there is a problem - people are not ready to work for pennies..... because they're already used to a good income. So the low wages of the Chinese population - 20-30 years ago - was really an advantage... But now it's lost...