Data released recently by the Chinese government shows its population has begun to shrink and that has some economists worried about the global economy. China has powered the world’s economy for decades with cheap labor and billions of products. However, in recent years, many U.S. companies have moved operations out of Asia and to Mexico in a process called “near-shoring,” as promoted in the U.S.-Mexico-Canada Agreement. A secondary concern is for U.S. businesses that operate in China and rely on it for much of their revenues. Q: Should China’s shrinking population be an economic cause for ala…