Part 3/9:
However, recent trends reveal growing economic and demographic challenges within China that threaten its manufacturing dominance. Labor costs have significantly increased due to China's aging population—the first population decline was recorded in 2022—and shifting preferences among Chinese youth who are less inclined to pursue blue-collar work. Many young Chinese citizens view such labor as low-paying and less desirable, primarily opting for higher-skilled or urban jobs, which leaves factories struggling to replace retiring workers.