Richard
06-07-2010, 08:57
Changes in China Could Raise Prices Worldwide
NYT, 7 Jun 2010
The cost of doing business in China is going up.
Coastal factories are raising salaries, local governments are hiking minimum wage standards and if China allows its currency, the renminbi, to appreciate against the U.S. dollar later this year, as many economists are predicting, the cost of manufacturing in China will almost certainly rise.
(cont'd) http://www.nytimes.com/2010/06/08/business/global/08wages.html?partner=rss&emc=rss
And so it goes...;)
Richard's $.02 :munchin
NYT, 7 Jun 2010
The cost of doing business in China is going up.
Coastal factories are raising salaries, local governments are hiking minimum wage standards and if China allows its currency, the renminbi, to appreciate against the U.S. dollar later this year, as many economists are predicting, the cost of manufacturing in China will almost certainly rise.
(cont'd) http://www.nytimes.com/2010/06/08/business/global/08wages.html?partner=rss&emc=rss
And so it goes...;)
Richard's $.02 :munchin