Web Toolbar by Wibiya
Login | Sign Up AnonymousUser
twiter
New to Comunitee?


or Sign Up with Email

Business

>> EXPORTS Latest News

APR 11, 2013 - Business Insider

A Must Read - Share

CHART OF THE DAY: China Is No Longer A Low-Cost Producer

China's explosive economic growth has largely been driven by its booming exports.  And its exports have been driven by its low cost of production. However, with its working age population shrinking, wages have been on the rise.  And global manufacturers have increasingly moved toward even lower cost countries. "China is no longer a low-cost producer," writes KKR's Henry McVey. "Importantly, we think rising wages, particularly at the low end, are a structural phenomenon as the population of younger workers aged 15-29 will shrink at an average pace of five million a year between now ... Read More

Tags: CHART OF THE DAY: China Is No Longer A Low-Cost Producer,  Exports Latest News