Chinese robots appear to be bringing to an end a path of "serial industrialisation" across Asia that has run for 60-odd years, says Hong Kong-based Bernstein analyst and ex-pat Kiwi Michael Parker. In a research note entitled Adam Smith vs Chinese Robots...The end of The Wealth of Nations, in one chart (not ours), Parker points out that instead of shedding low cost manufacturing as it develops, China is getting rid of the workers but not the work.

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