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Already many nations that export commodities and import manufactured goods are measurably better off due to the Chinese economy. China pays the best price for many commodities and supplies manufactured goods at the lowest price.
Chinas manufacturing efficiency has been a major factor in holding down global inflation for several decades already.
Labor is very expensive in the West. What can governments do to solve this?
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Robotics can reduce labour costs. Immigration is widely used to reduce labour costs too.
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