China's share of global manufacturing jobs to rise by 2050: Study
The Asian giant's share of global manufacturing jobs will rise to 43 per cent of the total by that year -- making China one of the only countries to see growth in such jobs during that time, according to a study by the Washington-based Center for Global Development. Major Western economies seriously questioned their reliance on China for goods as bottlenecks clogged global supply chains following the Covid-19 pandemic. Rich countries are likely to continue to lose manufacturing jobs, with the sector falling from 11.4 per cent to 8.3 of the high-income workforce by 2050.
DNA News Desk
0
9
The Asian giant's share of global manufacturing jobs will rise to 43 per cent of the total by that year -- making China one of the only countries to see growth in such jobs during that time, according to a study by the Washington-based Center for Global Development. Major Western economies seriously questioned their reliance on China for goods as bottlenecks clogged global supply chains following the Covid-19 pandemic. Rich countries are likely to continue to lose manufacturing jobs, with the sector falling from 11.4 per cent to 8.3 of the high-income workforce by 2050. 
