October 22, 2011
SOME JOBS CHINESE PEOPLE JUST WON'T DO:
Journey to the West (Andrew Moody, Hu Haiyan and Ma Wei, 10/21/11, China Daily)The reality, however, is of China's manufacturing competitiveness eroding rapidly.
Wage rates in China's key manufacturing heartland of Guangdong have increased by 158 percent over the past 10 years and by 11 percent in the year to 2010. Some other areas of the country have seen even bigger rises.
The question therefore arises of not how to stop the China export juggernaut but whether the country has a significant shelf life left as a major manufacturer.
Posted by oj at October 22, 2011 7:51 AM
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