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| Economy |
| Companies brace for end of cheap made-in-China era |
| 2010-07-09 |
| Where once low-tech factories and scant wages were welcomed in a China eager to escape isolation and poverty, workers are now demanding a bigger share of the profits. The government, meanwhile, is pushing foreign companies to make investments in areas it believes will create greater wealth for China, like high technology. Many companies are striving to stay profitable by shifting factories to cheaper areas farther inland or to other developing countries, and a few are even resuming production in the West. Interesting article... |
| Posted by:tu3031 |
| #4 Don't forget to include the cost of testing their crap when it lands on our docks. |
| Posted by: gorb 2010-07-09 22:51 |
| #3 Its a sorry-ass state of affairs when China has become too expensive for the wage slavers. |
| Posted by: bigjim-CA 2010-07-09 22:17 |
| #2 Purpose of Western company in China: 1 Finance building of factory. 2 Provide samples and designs of product and train Chinese partners to make same. 3 Go away and not bother me anymore, your purpose is finished now. |
| Posted by: Grunter in Sydney 2010-07-09 20:52 |
| #1 D *** NG IT, it just started! |
| Posted by: JosephMendiola 2010-07-09 19:38 |