Yeh, China is the biggest infrastructure investor in Africa, even before the Belt and Road initiative.
I imagine as less people are required in the manufacturing process the cost advantages of operating in low wage environments are significantly reduced. Perhaps local manufacturing will make some sort of comeback in Aust in the next decade?
With importing costs at all time highs, and unlikely to reduce anytime soon, it does incentivise businesses to look local.
The cost of international shipping dropped a lot a few decades ago too. We didn't make things in China 30 years ago to the same extent and their wages were very low back then. There were other reasons of course, but the rise in fuel prices should have an impact on how viable local manufacturing can be, especially for Australia as we are a long way from cheap labour countries. You notice quite a few things have Made in Europe on them and it doesn't take much imagination to work out they are made in lower wage countries, which aren't far away.
We'll see, but higher fuel prices have been coming for a long time and there will be an impact on where things are made.
DS

