Why The End Of The Chinese Miracle Affects The World
Because being an informed global citizen isn’t the worst thing you can be in this day and age, we bring you some enlightening project work by the Financial Times who’ve taken it upon themselves to create encapsulating documentaries on elements of the world and economy that are genuinely really interesting. Good work!
Their first and latest one is entitled “The end of the Chinese miracle” and explores some of the most vital bits of China’s slowing economy. Soothsayers have been talking about it for a some time now, but only as economic shifts take place, China’s demand for the world’s raw mined supplies slows and migrant workers head home, people’s nerves are kicking-in. What does it mean? Another global economic crisis? The moving of the world’s workshop from China to perhaps India where there are an estimated 863 million rural dwellers who’d make excellent labour for the world (over double the population of the whole European Union, FYI!)? It’s anyone’s guess, but times are changing.
The short docco takes the tact of looking at the lives of some local migrant workers. There is one from China who’s in the older age bracket and makes a conscious decision to return home to look after his family and a younger worker from Vietnam who’s feeling the pinch of Chinese organisations taking the allure of the cheap needle to southeast Asia instead of mainland China. Both notice shifts taking place and do their best to stay above water by undertaking what needs to be done: a trend many millions will be to follow in years to come providing the economic outlook forecast by the world’s leading minds.
Have a watch of the short video below and get enlightened on the future of our world so you can make an educated decision on how you want to impact it in the future.
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