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China

Global factory

The global manufacturing landscape is undergoing a profound transformation.

Nations must shun urge to dominate

While exceptionally favourable conditions led to the emergence of the USA as the dominant world power in the post-1945 days, this dominance was never total during the cold war years and was constrained by the presence of the Soviet Union as an alternative centre of considerable power.

China’s challenge

China is aging at a rate few nations have matched historically. It will take just 20 years for the proportion of the elderly population to double from 10 to 20 per cent (2017-2037).