Moderating China's Growth: Part Two - Developing Intellectual Capital
As China’s surplus of cheap labor disappears, it may start to focus more on the less labor intensive IT and service businesses, competing more directly with counterparts in the U.S.
Steve Rosenbush
December 17, 2025
Baidu Inc. employee's work at the company's headquarters in Beijing, China, on Friday, April 29, 2011. Baidu Inc., owner of China's most popular online search engine, declined the most in two weeks in New York after the company's second-quarter sales forecast trailed some investors' estimates. Photographer: Stefen Chow/Bloomberg
Stefen Chow/Bloomberg
