Lenovo opens first U.S. manufacturing plant. China now exports not just cheap labour, but its know how.
For years, the typical scheme was to invent and design in the West, where the labour was creative and educated, and manufacture in the East, where the labour was cheap. Now, times are changing, and China exports not just cheap labour, but increasingly also its know how. What will it mean for the global distribution of wealth?
Read more in my today's article at Start2Cloud.