China is witnessing acute labour shortage. Not because people are not there. But, the younger generation is not willing to go in the manufacturing sector.
Not as a labour but as a manufacturing worker.
People ranging from 20 to around 30, are not willing to go in manufacturing sector costing in thousands of labour shortage. The forecast is the rise to 30 million till 2025.
This sector in China serves ⅓ of the demand of the world. Clearly, the prices are going to increase in the near future.