This column is a regular sharing of the family, work, and community perspective of Rick Platt, President and CEO of the Heath-Newark-Licking County Port Authority.
Monday, July 2, 2012
Issue Update: China
I'm updating past issues on occasion over the next few days.
Joel Kotkin predicted it, but I think it's come even sooner than he would have predicted.
Due to demographic challenges and working age shrinkages, China has become very nearly a non-issue.
It was less than a year ago when economists were still predicting China would surpass the U.S. in manufacturing and GDP. Find anyone saying that now?
Any exec who says they are building a new plant in China in order to export product back to the U.S. might be a candidate for a mental health evaluation now.
It's amazing how quickly an issue can turn.
Keywords:
China,
Joel Kotkin
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