Well, it means that they have to be far more efficient with everything they do...That effectivenes makes them very competative..
Land size means nothing in this matter, but of course ressources could be a problem..
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There is a population of untreated mentally ill people in China as large as the American population. Of course their lack of resources is a disadvantage. China has to import human manure for their crops already.
Didn't hear that one with the manure🙂 The Chinese workforce is enormous...people working from the age of 5 till 75 or more..With all the child labour, it's no wonder they can keep the salaries down..
They import it by the shipload from Hong Kong. They have to also import a lot of their energy and raw materials, they are resource poor. I was assembling grills one time and occasionally we would find tiny footprints in the dust on the sheet metal.