Hannah's Comm 101 Blog

In a post by Yi-Wen Huang titled “China No Longer the World’s Factory”, he discussed how quality of life is on the rise in China and cheap labor will soon be not so cheap anymore. Many companies in Japan are moving their manufacturing facilities back to their home country. Interestingly enough, as the world sees labor demand move away from China, more and more of Canada’s economic opportunities are moving towards Asia.  Canadian Prime Minister Harper and American President Obama just emerged from the Asian Pacific Co-operation forum with an even closer relationship with Chinese President Hu Jintao and a promising future for the Pacific Trade Pact.

With Europe in full blown crisis mode the only other economies that North America can look towards to pull out of the recession are South America and Asia Pacific. The U.S. is in such a state of hopelessness that the previous fears of China overtaking them as the world leader are far out the door now. China is the beacon of light in these troubled times, offering many trade and investment opportunities. The qualities of these opportunities are changing though. They are moving to higher levels of trade above outsourcing manufacturing facilities towards investment flowing into North America in areas such as real estate.